PTS Trend with Magic Entries Indicator for MetaTrader 5 Download - [TradingFinder]

The PTS Trend With Magic Entries indicator is a practical tool in MetaTrader 5 for technical analysts, designed to detect the main market trend and define stop-loss and trailing stop levels.

By using this indicator, traders can identify the overall market trend based on a long-term moving average, determine suitable entry and exit points through the overbought/oversold line, and finally manage their trades with trailing stop functionality using stop-loss levels.

PTS Trend with Magic Entries Indicator Table

Below are the details of the PTS Trend with Magic Entries Indicator:

PTS Trend with Magic Inputs at a Glance

The PTS Trend with Magic Entries indicator provides traders with multiple features by plotting various lines on the chart.

This indicator displays the overall market trend with an orange line, defines stop-loss levels for risk management and trailing stop execution with green and red lines, and finally shows overbought and oversold zones through a blue line.

Uptrend in the PTS Trend with Magic Inputs

On the 1-hour EUR/USD chart, traders can perform deeper technical analysis and identify potential trade setups by applying the indicator.

The indicator displays the market’s main trend with the orange line, indicating the overall price direction.

Additionally, when the blue line moves below the price, it signals an oversold condition, which can serve as a potential buy entry aligned with the main trend.

After entering a trade, traders can set their stop-loss using the green stop levels and manage risk more effectively by using the trailing stop feature.

Downtrend in the PTS Trend Indicator with Magic Inputs

On the 30-minute NASDAQ chart, applying the indicator plots several lines across the chart.

Traders can use the orange line as the main trend line to identify the bearish market direction. Furthermore, when the overbought line moves above the price, it serves as a sell signal.

For risk management, red stop-loss levels can be used as trailing stops to secure positions during the trade.

PTS Trend with Magic Entries Indicator Settings

Below are the settings for the PTS Trend with Magic Entries Indicator:

• calculated bars: number of candlesticks analyzed from past chart data;
• level 1 distance: sets the distance of the first line relative to the current price;
• level 2 distance: sets the distance of the second line relative to the current price;
• max price gap: sets the blue line that displays overbought and oversold zones;
• short period: sets the blue line that displays overbought and oversold zones;
• long period: long-term moving average acting as a major support/resistance and showing the trend direction.

Conclusion

The PTS Trend with Magic Entries indicator is a trading strategy designed for traders who base their analysis and entries on market trends.

By plotting various lines on the chart, it provides advanced technical insights.

Traders can identify the main trend (orange line) to determine market direction, use green and red levels as stop-loss and trailing stop levels, and recognize overbought/oversold conditions when the blue line moves above or below the price to enter trades accordingly.