Magic Vision Indicator
Magic vision indicator for mt4 – download free. Best trend following indicator for mt4. Free trend reversal mt4 indicator. Best forex trading indicator for mt4.
Description
The Magic Vision indicator for MetaTrader is a custom trading tool that follows the market trend and depicts the direction on a dashboard. It was built with moving averages (fast, medium, and slow) of different periods that enable it to follow the direction of the trend.
The indicator essentially projects visual statistics of the trend direction, which is depicted in green and red numbers for bullish and bearish trends, respectively. This implies that the indicator can come in handy to help you in identifying the directional bias of the trend of an asset.
Moreover, the Magic Vision indicator simultaneously shows the market conditions (uptrend/downtrend) of all the time frames on the dashboard. Therefore, it can be used for identifying scalping, day/intraday, and swing trading opportunities in the forex market. It is also recommended for novice, intermediate, and advanced trader.
How to Trade With the Magic Vision Indicator
The above screenshot depicts how the indicator would look on your MT4 chart. The indicator is recommended to be used in synergy with technical analysis/other trading indicators for better efficiency.
Note that the Magic Vision indicator is not a signal-generating tool for BUY/SELL entries. It was designed to help you keep a tab on the prevailing trend biases of all the time frames of any tradable asset. The trend information may then be used as a confluence to further strengthen your technical analysis before opening/closing a trade.
Conclusion
The Magic Vision indicator for MT4 is one of the best forex indicators that is suited to help you keep a tab on the changes in the trend. What’s more, the indicator is free to download.