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Wolf just gave me this alternate idea for Magnetic Shield. What do u guys think?
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Magnetic Field (Ultimate: cooldown 30-15s):
Press +ultimate to activate, for the duration of 3-5 seconds, any damage you take is reduced from your armor first, THEN your health. And 50-100% of that damage received is reflected back at the enemy that dealt it for the duration of the ultimate.
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Note that thanks to masskid's advice, armor giving items will also be restricted as well as health and ring.

I think i like this more. It really reduces the time by half so that it's not too op and u can STILL die if the enemy is relentless, but u can reflect the damage back towards the enemy and take him down with u. Think of half shadow hunter + half advanced nightElf thorns combination.