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The Buy Sell Magic Indicator is a multi-purpose tool designed to identify price trend fluctuations and determine trading entry and exit points in the Forex market and other financial markets. This indicator generates entry and exit signals using arrow markers based on its internal calculations .

The Buy Sell Magic Indicator also creates a zigzag line that shows trend legs without price noise.

Buy Sell Magic Indicator Specification Sheet

The table below describes the trading market, appropriate time frame and other elements for using the Buy Sell Magic Indicator.

Buy and sell magic indicators at a glance

The Buy Sell Magic Indicator determines the trend direction by forming continuous point levels. When the point appears below the price , the trend is bullish , while a bearish trend point is positioned above the candles . Furthermore, the upper and lower areas (colored points) can serve as the best areas for setting Stop Loss (SL) .

Buy Trading Signal

Analyzing the 1-hour time frame in the USD/CAD currency pair illustrates how this indicator functions during an uptrend.

The chart below shows a green arrow indicating a buy entry signal . Moreover, the formation of the lower dot of the candle confirms the bullish trend .

Sell ​​Trading Signal

The red arrow on the one-hour chart of Binance Coin (BNB) signals sell entry . As long as the ongoing trend is bearish the candles appear above consecutive points .

Buy Sell Magic Indicator Settings

The magic indicator set to buy and sell is shown in the figure below:

• Period : The calculation period of the indicator
• Deviation : Adjust the sensitivity of buying and selling signals
• Stop Loss Points : Set the stop loss distance from the entry point
• Alerts ON : Enable buy and sell signal alerts
• Alert Email ON : Activate alerts via email
• Lookback : Defines the number of past candles for analysis

Conclusion

The Buy Sell Magic Indicator is one of the signal generating indicators used for trade entry and exit.

This indicator creates a safe zone for stop loss settings by forming consecutive points above and below the candle .

Additionally, the indicator comes with zigzag lines that show trend movement legs without price noise , and can be integrated with the trading strategy of traders.