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Murrey Math Lines (MetaTrader) 5 *
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.


Category MetaTrader 4 Indicators 
 
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Details: Murrey Math Lines (MetaTrader)
Category: MetaTrader 4 Indicators 


December 20th, 2009
Size: 13.11 KB
Downloaded: 609 times

Keywords: math murrey metatrader mt4 mq4
Comments/ratings
5 * bmor786 June 13th, 2010 12:52 PM
No Comment
5 * Bobi December 27th, 2011 12:03 PM
Thank you.
5 * dilbert618 October 15th, 2012 08:42 AM
Thank you.
5 * Target June 5th, 2016 05:21 PM
Thank you for sharing
5 * BoltTrader June 27th, 2016 02:43 PM
Very nice! Thank you!!

 
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