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Indicators

Others

Specialized and composite indicators available in MagiaTrade

Other Indicators

This category includes specialized indicators that don't fit neatly into other categories, composite indicators that combine multiple techniques, and unique market analysis tools.

Available Other Indicators

ASI (Accumulative Swing Index)

Cumulative version of the Swing Index that provides longer-term swing momentum analysis.

Configuration

indicator: ASI
limit_move: 0.5

Parameters

ParameterDefaultRangeDescription
limit_move0.50.1-2.0Limit move value

Interpretation

  • Rising ASI: Bullish swing momentum
  • Falling ASI: Bearish swing momentum
  • Divergence: Potential trend reversal

Trading Signals

  1. Buy: ASI making higher highs with price
  2. Sell: ASI making lower lows with price
  3. Divergence: ASI contradicts price movement
  • [Swing Index](related swing calculations)
  • Momentum

Advance/Decline

Market breadth indicator that shows the difference between advancing and declining issues in the market.

Configuration

indicator: Advance_Decline
period: 10

Interpretation

  • Above zero: More advances than declines
  • Below zero: More declines than advances
  • Extreme readings: Potential market reversals

Trading Applications

  • Market sentiment: Overall market health
  • Breadth analysis: Market participation
  • Reversal signals: Extreme readings
  • Market breadth indicators
  • Sector rotation analysis

Balance of Power

Measures the buying and selling pressure within each trading period by analyzing where the close is relative to the open.

Configuration

indicator: Balance_of_Power
period: 14

Interpretation

  • Above zero: Buying pressure dominant
  • Below zero: Selling pressure dominant
  • Extreme readings: Pressure exhaustion signals

Trading Signals

  1. Buy: Balance of Power consistently above zero
  2. Sell: Balance of Power consistently below zero
  3. Reversal: Extreme readings suggest exhaustion

Chande Kroll Stop

Volatility-based stop loss system that adapts to market conditions using Average True Range.

Configuration

indicator: Chande_Kroll_Stop
period: 10
multiplier: 3.0

Interpretation

  • Price below long stop: Exit long position
  • Price above short stop: Exit short position
  • Adaptive to volatility: Adjusts with market conditions

Trading Applications

  • Stop-loss placement: Dynamic stop levels
  • Risk management: Volatility-adjusted stops
  • Position management: Trailing stop system

MA Cross

Simple moving average crossover system that generates signals when fast and slow moving averages cross.

Configuration

indicator: MA_Cross
fast_period: 10
slow_period: 20
ma_type: SMA

Interpretation

  • Fast above slow: Bullish signal (Golden Cross)
  • Fast below slow: Bearish signal (Death Cross)
  • Classic trend following: Simple and reliable

Trading Signals

  1. Buy: Fast MA crosses above slow MA
  2. Sell: Fast MA crosses below slow MA
  3. Hold: Maintain position while trend continues

Majority Rule

Combines signals from multiple indicators to create consensus-based trading signals, reducing false signals.

Configuration

indicator: Majority_Rule
indicators: [RSI, MACD, Stochastic]
threshold: 0.6

Interpretation

  • Above threshold: Bullish consensus
  • Below threshold: Bearish consensus
  • Reduces false signals: Multi-indicator confirmation

Trading Applications

  • Signal confirmation: Multiple indicator agreement
  • False signal reduction: Consensus approach
  • System reliability: Improved signal quality

MA Double

Double exponential moving average that provides smoother signals with reduced whipsaw compared to single moving averages.

Configuration

indicator: MA_Double
period: 14

Interpretation

  • Price above DEMA: Bullish trend
  • Price below DEMA: Bearish trend
  • Less whipsaw: Smoother than single MA

MA Hamming

Moving average based on Hamming window function, designed for effective noise reduction using signal processing techniques.

Configuration

indicator: MA_Hamming
period: 20

Interpretation

  • Reduces noise effectively: Signal processing approach
  • Smooth trend identification: Clean signals
  • Advanced filtering: Mathematical optimization

MA Multiple

Displays multiple moving averages of different periods on a single chart to create a moving average ribbon.

Configuration

indicator: MA_Multiple
periods: [5,10,20,50]
ma_type: EMA

Interpretation

  • Ribbon expansion: Trending market
  • Ribbon compression: Ranging market
  • Order indicates trend strength: Alignment shows trend

Trading Applications

  • Multi-timeframe analysis: Different trend speeds
  • Trend strength: Ribbon alignment
  • Support/resistance: Multiple MA levels

MA Triple

Triple exponential moving average that provides extremely smooth signals with minimal lag for long-term trend identification.

Configuration

indicator: MA_Triple
period: 14

Interpretation

  • Price above TEMA: Strong bullish trend
  • Price below TEMA: Strong bearish trend
  • Extremely smooth: Ultra-smooth signals