Magic Moving Indicator

This is a very powerful indicator which is very useful in trend detection the way is used is similar to moving average but giving very reliable results.

principle is very easy, that depicts a mobile support and resistance line when the price is below the orange line the trend is bearish and the line act as resistance and as soon as the resistance is broken and price is above the line then the trend becomes bullish and the line changes into the support line.

this can be used in any time frames.

it is very easy to use with predefined settings.