ps magicas indicator mt5

The PS Magicas Indicator for MT5 displays three moving averages and additionally it provides potential take profit targets and entry points ideas.

Example chart:

ps magicas indicator mt5 example chart

How to use the PS Magicas Indicator for MT5?

The PS Magicas Indicator for MetaTrader 5 provides traders trend direction based on the setup and alignment of the plotted moving averages.

The thick orange line is 200-period smoothed MA that reveals long-term trend. The aqua line is middle 90-period MA that corresponds to mid-term movements. The fastest line is 20-period and it changes colors dynamically – green for bullish momentun and red for bearish bias.

These 3 elements gives pretty clear and comprehensive overview of market. The best opportunities occur when trading in trend direction but when price makes a pullback.


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