PTS Trend and Magic Entry Indicator Download for MetaTrader 4 | Forex Indicator Download - MT4/MT5 Resources

PTS Trend with Magic Entry indicator is one of the specialized tools in MetaTrader 4 designed to identify market trends and overbought/oversold areas.

Traders can use this indicator, which is based on moving average , to detect major market trends. Trends are highlighted in orange, while overbought/oversold areas are shown in blue.

Additionally, red and green stop loss lines allow traders to manage stop loss orders using a trailing stop loss mechanism.

PTS Trend and Magic Entry Indicator Overview

Here are the details of PTS trend with magic entry indicator:

PTS trends and Magic input are clear at a glance

The PTS Trend and Magic Entry Indicator is a tool specifically for traders who rely on technical analysis and indicators to identify market trends.

The indicator highlights major market trends with orange lines, overbought/oversold areas with blue lines, and finally green and red lines that define stop loss levels for trade management with trailing stops.

Uptrends and Magic Inputs in PTS Trends

In the 1-hour chart of the GBPUSD currency pair, the PTS trend with the Magic Entry indicator is applied to the chart.

By using this indicator, traders can identify major market trends through the orange line and detect oversold areas by analyzing the blue line.

Traders can identify suitable entry points when the overall market trend is bullish and prices enter oversold territory.

They can also place stop-loss orders below the green line at levels 1 and 2, using them as trailing stops for better trade management.

PTS trend down due to magic input

On the 15-minute chart of the NZDUSD currency pair, traders can identify suitable market entries by applying the PTS Trend and Magic Entry indicator.

In this chart, the orange line acts as a moving average and defines major market trends, helping traders identify price direction.

When the market is in a downtrend, analyzing the blue line can detect overbought areas, providing a potential signal for shorts to enter.

Additionally, the red line can be used as a stop loss level, allowing traders to manage risk by trailing the stop loss.

PTS Trend and Magic Entry Indicator Settings

Here is the setup for PTS Trend with Magic Entry indicator:

• Calculated bars: Analyze the number of candles in past charts;
• Level 1 distance: Set the distance of line 1 relative to the current chart price;
• Level 2 distance: Set the distance of line 2 relative to the current chart price;
• Max price gap: Adjust the blue line showing the overbought/oversold area;
• Short period: Adjust the blue line showing the overbought/oversold area;
• Long period: Long-term moving average, which acts as the main support/resistance and shows the trend direction.

Conclusion

The PTS Trend and Magic Entry Indicator is a useful tool for traders looking for a trend following trading strategy . This indicator provides traders with multiple parameters by drawing different lines on the chart.

Using this tool, traders can identify major market trends (orange line), detect overbought/oversold areas (blue line), and finally define appropriate stop loss levels (green and red lines) to manage risk and apply trailing stops.