Trading Indicator Disclaimer

By purchasing and/or using our trading indicator(s), you acknowledge and agree to the following:

Purpose: Our indicators are provided solely for educational and informational purposes. They are not intended as financial advice, and we do not guarantee any specific trading outcomes or results.
No Guarantees: Trading in financial markets involves substantial risk, and past performance is not necessarily indicative of future results. We make no guarantees regarding the profitability of using our indicators.
Educational Use Only: Our indicators are designed to assist traders in making informed trading decisions. It is essential to thoroughly understand the indicators and the strategies behind them before using them in live trading.
Not a Substitute for Professional Advice: Our indicators are not a substitute for professional financial advice. We strongly recommend consulting with a qualified financial advisor or broker before making any trading decisions.
Compatibility and Support: The price listed is for the Pine Script version of the indicator and may not include additional support or customization services. Compatibility with other platforms or languages may require additional fees.
Refund Policy: We do not offer refunds for purchases of our indicators. Please carefully review our terms and conditions before completing your purchase.
Non-transferable License: Your purchase grants you a non-transferable license to use the indicator(s) for personal or professional use. Redistribution, resale, or sharing of the indicator(s) is strictly prohibited without prior written consent.
Disclaimer of Liability: We are not liable for any losses or damages resulting from the use of our indicators. You agree to use the indicators at your own risk and to indemnify us against any claims arising from your use of the indicators.

Always Grow

Market Magnet Algo: Your Automatic Trading CompanionUnlock the power of automated trading with Market Magnet Algo, your ultimate solution for precise buy signals, automatic support and resistance drawing, and seamless integration of Fibonacci targets and stop-loss strategies. Whether you're a seasoned trader or just starting out, Market Magnet Algo empowers you to navigate the markets with confidence and precision.Key Features:<ul><li>Automated Buy Signals: Market Magnet Algo provides automatic buy signals for Call (CE) and Put (PE) options, leveraging advanced algorithms to identify lucrative trading opportunities in real-time.</li><li>Dynamic Support and Resistance: Say goodbye to manual chart analysis. Market Magnet Algo dynamically draws support and resistance levels based on daily highs and lows, giving you a clear picture of market dynamics and potential entry/exit points.</li><li>Fibonacci Tool Integration: Enhance your trading strategy with Fibonacci retracements and extensions. Market Magnet Algo seamlessly integrates Fibonacci levels for setting profit targets and stop-loss orders, optimizing your risk management approach.</li><li>User-Friendly Interface: Designed with simplicity in mind, Market Magnet Algo offers an intuitive interface that streamlines your trading experience. Whether you're executing trades on desktop or mobile, you'll appreciate the user-friendly design.</li><li>Customizable Settings: Tailor Market Magnet Algo to your trading preferences with customizable settings. Adjust parameters to align with your risk tolerance, trading style, and market conditions for personalized performance.</li><li>Real-Time Updates: Stay ahead of the curve with real-time updates and alerts. Market Magnet Algo keeps you informed of market shifts and potential trading opportunities, ensuring you never miss a profitable trade.</li><li>Dedicated Support: Have questions or need assistance? Our dedicated support team is here to help. Benefit from prompt assistance and comprehensive guidance to maximize your trading success with Market Magnet Algo.</li></ul> &nbsp; &nbsp; &nbsp;&nbsp;<h3>General Configuration</h3><ul><li>Pre-Market and Previous Month High/Low Lines:<ul><li>The script allows users to plot pre-market and previous month high/low levels on the chart.</li><li>Users can customize the line styles, colors, and visibility of these levels.</li></ul></li><li>Pivot Points:<ul><li>The script calculates pivot points based on a user-defined range (7, 14, or 21 bars).</li><li>Pivot highs and lows are plotted on the chart, and users can customize their colors and text size.</li></ul></li><li>Style Settings:<ul><li>Users can adjust the text offset, line thickness, and alignment of labels.</li><li>Options to extend lines infinitely or clamp them to their timestamps.</li></ul></li></ul><hr><h3>2. Auto Trendline</h3><ul><li>Fractals and Trendlines:<ul><li>The script identifies fractals (pivot highs and lows) and draws trendlines between them.</li><li>Users can customize the color, width, and style of trendlines.</li><li>Historical trendlines can be shown or hidden based on user preference.</li></ul></li><li>Fractal Detection:<ul><li>Fractals are detected using<code>ta.pivothigh</code>and<code>ta.pivotlow</code>with a hardcoded period of 10 bars.</li><li>The script tracks recent fractals and draws trendlines between them.</li></ul></li></ul><hr><h3>3. Support and Resistance</h3><ul><li>Channel Breakouts:<ul><li>The script calculates support and resistance levels based on pivot points and channel width.</li><li>Breakout signals are generated when the price crosses these levels.</li></ul></li><li>Plotting Breakout Signals:<ul><li>Breakout signals are plotted on the chart using shapes (e.g., crosses).</li><li>Users can enable/disable the display of these signals.</li></ul></li></ul><hr><h3>4. Mean Reversion and Range Detection</h3><ul><li>Mean Reversion Bands:<ul><li>The script calculates mean reversion bands using a moving average and standard deviation.</li><li>Users can plot these bands on the chart to identify potential mean reversion opportunities.</li></ul></li><li>Range Detection:<ul><li>The script identifies price ranges and highlights them on the chart.</li><li>Users can customize the colors for broken and unbroken ranges.</li></ul></li></ul><hr><h3>5. Stop Loss and Profit Target</h3><ul><li>Stop Loss and Profit Target Calculation:<ul><li>The script calculates stop loss and profit target levels based on the Average True Range (ATR).</li><li>Users can customize the multipliers for stop loss and profit target.</li></ul></li><li>Plotting Stop Loss and Profit Target:<ul><li>Stop loss and profit target levels are plotted on the chart.</li><li>Users can enable/disable the display of these levels.</li></ul></li></ul><hr><h3>6. Chop Signal</h3><ul><li>Wick Analysis:<ul><li>The script analyzes the wicks of candles to identify choppy market conditions.</li><li>Users can set a multiplier to adjust the sensitivity of the chop signal.</li></ul></li><li>Background Coloring:<ul><li>The script changes the background color when the market is in a choppy state.</li></ul></li></ul><hr><h3>7. Table Display</h3><ul><li>Information Table:<ul><li>The script displays key information (e.g., ATR, stop loss, profit target) in a table on the chart.</li><li>Users can customize the position, colors, and content of the table.</li></ul></li></ul><hr><h3>8. AutoFibExtension</h3><ul><li>Fibonacci Extension:<ul><li>The script calculates Fibonacci extension levels based on pivot points.</li><li>Users can customize the depth and style of the Fibonacci levels.</li></ul></li></ul><hr><h3>9. Higher Timeframe Analysis</h3><ul><li>Multiple Timeframe Support:<ul><li>The script allows users to analyze trends across multiple timeframes (e.g., 240 minutes, daily, weekly, monthly).</li><li>Users can customize the timeframes and display historical pivot points.</li></ul></li></ul><hr><h3>10. EMA and VWAP</h3><ul><li>Exponential Moving Averages (EMA):<ul><li>The script plots EMAs (9, 21, 50, 200) on the chart.</li><li>Users can customize the colors and line widths of the EMAs.</li></ul></li><li>Volume Weighted Average Price (VWAP):<ul><li>The script calculates and plots the VWAP on the chart.</li></ul></li></ul><hr><h3>11. Trend Detection and Alerts</h3><ul><li>Trend Detection:<ul><li>The script uses a combination of Zero Lag EMA, volatility, and loop analysis to detect trends.</li><li>Buy and sell signals are generated based on trend changes.</li></ul></li><li>Alerts:<ul><li>The script includes alert conditions for buy and sell signals.</li><li>Users can customize the alert messages and frequency.</li></ul></li></ul><hr><h3>12. Keltner Channel and Supertrend</h3><ul><li>Keltner Channel:<ul><li>The script calculates the Keltner Channel using a user-defined length and factor.</li><li>The channel is used to identify potential breakout and reversal points.</li></ul></li><li>Supertrend:<ul><li>The script calculates the Supertrend indicator using the Keltner Channel.</li><li>Buy and sell signals are generated based on Supertrend crossovers.</li></ul></li></ul><hr><h3>13. ADX Filter</h3><ul><li>Average Directional Index (ADX):<ul><li>The script calculates the ADX to filter out low-trending markets.</li><li>Trades are only allowed when the ADX is above a user-defined threshold.</li></ul></li></ul><hr><h3>14. Previous and Current Day High/Low</h3><ul><li>Previous Day High/Low:<ul><li>The script plots the previous day's high and low levels on the chart.</li><li>Users can customize the line styles, colors, and extensions.</li></ul></li><li>Current Day High/Low:<ul><li>The script tracks and plots the current day's high and low levels.</li><li>Users can customize the line styles, colors, and extensions.</li></ul></li></ul><hr><h3>15. Always Grow Zero Lag</h3><ul><li>Zero Lag EMA:<ul><li>The script calculates a Zero Lag EMA to reduce lag in trend detection.</li><li>Users can customize the length and volatility multiplier.</li></ul></li><li>Loop Analysis:<ul><li>The script uses a loop to analyze price action and generate trend scores.</li><li>Buy and sell signals are generated based on the trend scores.</li></ul></li></ul><hr><h3>16. Sensitivity and Keltner Channel</h3><ul><li>Sensitivity Adjustment:<ul><li>Users can adjust the sensitivity of the Supertrend indicator.</li><li>The Keltner Channel length and factor can also be customized.</li></ul></li></ul><hr><h3>Conclusion</h3>This Pine Script is a highly customizable and feature-rich trading algorithm that combines multiple technical indicators, trend analysis, and custom logic to generate trading signals. It is suitable for traders who want to analyze the market using a combination of pivot points, trendlines, support/resistance levels, and advanced indicators like Supertrend and ADX. The script also includes extensive customization options, allowing users to tailor it to their specific trading strategies.​ Why Choose Market Magnet Algo?<ul><li>Precision Trading: Harness the power of advanced algorithms to execute precise trades with confidence.</li><li>Time-Saving Automation: Eliminate manual analysis and execution, saving valuable time and effort.</li><li>Risk Management: Incorporate Fibonacci targets and stop-loss orders for effective risk management and trade optimization.</li><li>Accessible to All Traders: Whether you're a novice or experienced trader, Market Magnet Algo offers accessibility and ease of use for traders of all levels.</li></ul>

Trading Indicator Disclaimer

By purchasing and/or using our trading indicator(s), you acknowledge and agree to the following:

Purpose: Our indicators are provided solely for educational and informational purposes. They are not intended as financial advice, and we do not guarantee any specific trading outcomes or results.
No Guarantees: Trading in financial markets involves substantial risk, and past performance is not necessarily indicative of future results. We make no guarantees regarding the profitability of using our indicators.
Educational Use Only: Our indicators are designed to assist traders in making informed trading decisions. It is essential to thoroughly understand the indicators and the strategies behind them before using them in live trading.
Not a Substitute for Professional Advice: Our indicators are not a substitute for professional financial advice. We strongly recommend consulting with a qualified financial advisor or broker before making any trading decisions.
Compatibility and Support: The price listed is for the Pine Script version of the indicator and may not include additional support or customization services. Compatibility with other platforms or languages may require additional fees.
Non-transferable License: Your purchase grants you a non-transferable license to use the indicator(s) for personal or professional use. Redistribution, resale, or sharing of the indicator(s) is strictly prohibited without prior written consent.
Disclaimer of Liability: We are not liable for any losses or damages resulting from the use of our indicators. You agree to use the indicators at your own risk and to indemnify us against any claims arising from your use of the indicators.

"Market Magnet Pro - Lifetime Access TradingView Indicator"