Magic Equity Trend & Pivots

Magic Equity Trend & Pivots is a robust technical analysis engine designed specifically for equity and index traders. It serves as a comprehensive "Trend & Level" companion, combining institutional Pivot Points with a proprietary EMA trend filtering system to identify high-probability setups.

How the Magic Works

This indicator simplifies complex market data into a clear visual workflow:

1. The Magic Equity Trend (Trend Identification) The script uses a weighted system to determine the dominant market direction:

Bullish Trend: Price holds above the primary Trend SMA + a Volatility Buffer (Green Zone).

Bearish Trend: Price is rejected below the Trend SMA - Buffer (Red Zone).

No-Trade Zone: When the price is trapped inside the buffer (Gray Channel), the trend is considered weak or ranging.

2. Institutional Pivot Points Price often reacts at hidden levels. This tool calculates and overlays these levels automatically:

Multi-Type Support: Choose between Traditional, Fibonacci, Woodie, Classic, DM, and Camarilla pivots.

Timeframe Smart-Switching: Use fixed timeframes (e.g., Weekly Pivots on a Daily chart) or let the "Auto" mode decide the best reference period for your current view.

Historical Mode: Unlike standard pivots, these can be back-tested visually to see how prices respected levels in the past.

3. Precision Entry & Exit Logic Trade signals are not random; they are based on a strict confluence of "Magic" factors:

Entry Signal: Requires Trend Alignment + Fast/Slow EMA Crossover + RSI Strength (>60) + Relative Volume Spike.

Top-Up (Add-on): Detects low-risk opportunities to add to a position when price pulls back to the EMA10/20 during a strong trend.

Two-Stage Exit: Secures profits using either an ATR Trailing Stop or an Intraday RSI Breakdown, depending on your settings.

4. Divergence & Momentum

RSI Divergence: Automatically plots Regular Bullish and Bearish divergences to warn of potential reversals at tops or bottoms.

Darvas Boxes: Visualizes consolidation ranges to help identify breakouts.

5. Performance Dashboard A data table provides a snapshot of the asset's health:

Mean Reversion: Measures the % distance from key EMAs (10, 20, 50).

RVOL & ADR: Displays Relative Volume and Average Daily Range to gauge volatility.

Performance Tracker: A theoretical summary table showing how the trend signals have performed over the last 1W, 1M, and 1Y periods.

Settings & Customization

Visuals: Fully customizable colors for the Trend Cloud, Pivots, and Backgrounds.

Filters: Toggle specific filters (Volume, RSI, Trend Buffer) to adapt the sensitivity to different asset classes.

Disclaimer: This tool is for educational purposes and technical analysis assistance only. Past performance displayed in the dashboard does not guarantee future results.