MetaTrader 4 Indicators

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Murrey Math Lines (MetaTrader)

Murrey Math Line X MetaTrader indicator � a pivot line indicator that will definitely help every trader that know how to trade with support, resistance and pivot lines. It displays 8 different lines (with possible additional lines) on the main chart, helping you to find the best points to sell, buy and exit the positions.
Input parameters:

P (default = 64) � period in bars or in other periods (set by MMPeriod), on which the lines will be calculated. The lower is the number the more current but less accurate calculations will be.
MMPeriod (default = 1440) � a basic period in minutes (60 � for hourly pivots, 1440 � for daily pivots, 10080 � for weekly and 43200 � for monthly); if greater than zero, indicator will use P amount of MMPeriod minutes to calculate its lines. If zero, indicator will use P amount of the current chart bars to calculate its lines.
StepBack (default = 0) � a shift back for calculating the lines (in the current bars or in number of MMPeriod (if set) minutes).
Other parameters � affect only visual parameters of the lines.

Details: Murrey Math Lines (MetaTrader)

December 20th, 2009
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Keywords: math murrey metatrader mt4 mq4

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