Murreys Math Oscillator is a market direction oscillator with Murray levels.
The indicator has three input parameters:
MMO = 2.0 * (Close-Mid)/Range
Mid = Min+Multiplier * Range * 4.0 Range = Max-Min Min,Max - the lowest and the highest prices in the Period range
When the oscillator reaches the next Murray level, the column color changes to the one corresponding to that level.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/22361