OPEN-SOURCE SCRIPT

MAGIC MA BANDS

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Magic MA Bands — Dynamic Trend Zones Instead of Lines

Magic MA Bands help traders visualize dynamic support and resistance zones rather than relying on a single moving average line. Instead of treating the MA as an exact reaction level, this tool creates a band or zone where price is statistically more likely to react, reverse, or continue trending.

🧠 How It Works

The script plots:

Upper Band (default: 50 EMA using High values)

Lower Band (default: 50 EMA using Low values)

Optional Midline MA (default: 200 SMA for long-term trend)

The area between the upper and lower bands becomes a trend cushion, helping traders identify:

Dynamic support/resistance zones

Trend strength and continuation probability

Ideal pullback entry regions

🎯 Trend Interpretation Guide
Use Case Recommended Setting
Short-Term Trend 20/21 EMA or SMA
Medium-Term Trend 50 EMA / SMA
Long-Term Trend 200 SMA / EMA (Midline Optional)

All parameters are fully customisable so the user can define their preferred structure based on their trading style, asset volatility, or timeframe.

✔️ Best For:

Trend traders

Swing trading

Pullback-based entries

Institutional-style zone analysis

כתב ויתור

המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.