Visualize overbought/oversold zones as well as reversal points, and get ideal trend following for any asset with this ultra-complete tool.
Magic Bands is a technical indicator developed specifically to optimize your investments. In addition to being an extremely powerful trend-following tool, it will give you potential market reversal points, so you can optimize your position-taking and take profits at the best times. This indicator can also analyze time trends and dynamically indicate supports and resistances, so you can anticipate market movements. Boost your investments and act more serenely on the financial markets with Magic Bands!
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New data table design. Moreover, it is now fully configurable.
A few other design adjustments.
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MAJOR UPDATE: Added compatibility with the traditional market (market selection is done in the indicator settings, via the "Market Selector")!
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Corrected a display problem for some signals on smaller timeframes than daily.
Small timeframes are now compatible with the traditional market. However, we still recommend using a timeframe of 12h or more, especially for the crypto market.
Code optimization.
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Addition of an alerting system. This alert can be activated by setting the condition "Paul Cryptoformation Magic Bands (PMB)" and selecting "Any alert() function call". The alerts sent are as follows:
Buy and sell signals (including early signals).
Change from zone 9 to 10.
Change from zone 8 to 9.
Change from zone 3 to 2.
Change from zone 2 to 1.
Trend becomes Bullish/Bearish.
Other Updates:
Range indication removed.
Code optimization.
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MAJOR UPDATE: Perfect Cloud (BPC) merges with Magic Bands (PMB)!
The main moving average (VAMA) is now replaced by the Perfect Cloud (BPC).
The various lines and bands are now extensions of the main cloud.
In addition to its compatibility with the traditional and crypto markets, the indicator is now compatible with all time units.
In addition to extreme signals, the indicator now includes trend signals.
Extreme signals that are too recent in comparison with the duration of the trend are now excluded by default (new parameter).
An estimate of the state of volatility has been added to the table.
The colors have been reworked.
In the settings, you can now choose between 3 different color sets.
The Risk Indicator (PRI) is now integrated into Magic Bands (mode can be activated from settings).
Trend Time (PTT) is now integrated into Magic Bands (mode can be activated from settings).
Reorganization of settings and other minor design updates.
@maxime_hamelin, all updates are included in your subscription! If your indicator doesn't seem up to date, remove it from your chart and put it back :)
Thanks!