Magic Moving Averages (Free) - pc75

Magic Moving Averages (Free)
by pc75

This indicator plots up to three adaptive “Magic MAs” plus a weighted combo line, with optional traditional SMAs for comparison.

Instead of averaging only closes, each Magic MA:

• looks at the midpoints of highs/lows and opens/closes
  
• decides whether recent behaviour favours the highs or the lows
  
• builds a series of either highs or lows, then smooths it over your chosen length
  

You can run:

• Short / Medium / Long Magic MAs
  
• A weighted combo line (using 1–10 weights)
  
• Optional traditional short/long SMAs on close
  

How I use it:

• Price above the combo line → bullish bias
  
• Price below the combo line → bearish bias
  
• Short/medium/long Magic MAs together → dynamic support/resistance and trend structure
  
• Traditional SMAs on for comparison with “classic” moving average behaviour
  

Inputs:

• Magic MA lengths control how reactive vs smooth each regime is
  
• Weights (1–10) let you emphasise short, medium or long regimes in the combo
  

This is a free / educational version of the Magic MAs.
It’s not financial advice – always manage your own risk.