INVITE-ONLY SCRIPT
NISHANTHMAGICBAND
Hi there,
MAGICBAND consists of 2 lines above or below the price which acts as a resistance/support band in strong trending markets.
It is a trend indicator, unlike regular indicators, where we use the signal line , MAGICBAND takes help of Double MACD and Pivot points to establish strong reversal points in any instrument you trade. Since volume is incorporated in it already, the thickness of the band gives an clear idea how strong the trend is.
Strong trending markets have thick bandwidth and non trending markets have almost negligible band width. If you see that the band width of the band is increasing, that means that market is now attracting more volume in the direction of the band.
GREEN Band means only buy and RED band means sell conditions. Optimal convergence/divergence settings have been used to stay put in the trend we are trading till the trend lasts.
There is an option for the background color settings, BG turns screen to green or red as per the current band trend.
PM in case of any doubts/wishing to have access to the indicator. Good Luck !!
MAGICBAND consists of 2 lines above or below the price which acts as a resistance/support band in strong trending markets.
It is a trend indicator, unlike regular indicators, where we use the signal line , MAGICBAND takes help of Double MACD and Pivot points to establish strong reversal points in any instrument you trade. Since volume is incorporated in it already, the thickness of the band gives an clear idea how strong the trend is.
Strong trending markets have thick bandwidth and non trending markets have almost negligible band width. If you see that the band width of the band is increasing, that means that market is now attracting more volume in the direction of the band.
GREEN Band means only buy and RED band means sell conditions. Optimal convergence/divergence settings have been used to stay put in the trend we are trading till the trend lasts.
There is an option for the background color settings, BG turns screen to green or red as per the current band trend.
PM in case of any doubts/wishing to have access to the indicator. Good Luck !!
Script su invito
L'accesso a questo script è riservato agli utenti autorizzati dall'autore, solitamente dietro pagamento di una commissione. Puoi aggiungerlo ai preferiti, ma sarai in grado di utilizzarlo solo una volta ricevuto il via libera da parte dell'autore. Per ulteriori informazioni, contatta nishanthkumar731 o segui le istruzioni dell'autore riportate di seguito.
TradingView non suggerisce di pagare per uno script e di utilizzarlo a meno che non ci si fidi al 100% del suo autore e non si comprenda il suo funzionamento. In molti casi, è possibile trovare gratuitamente una buona alternativa open-source nei nostri Script della comunità.
Istruzioni dell'autore
″
Vuoi usare questo script sui tuoi grafici?
Attenzione: leggi prima di richiedere l'accesso.
Hello and welcome to my trading blog !
I am Nishanth, from Hyderabad, India. I have been trading financial markets for some time now and making a passive income from trading.
I am Nishanth, from Hyderabad, India. I have been trading financial markets for some time now and making a passive income from trading.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.