The Murrey Math Trading System - page 141
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hi xard777, thank you very much for your indicator, i have download #murrey math-timeframe and #mm-timeframe 2007, however i found that 2 indicator show the mmline are different value?....
Hi there,
it's to do with the fractal settings....
original settings were...
//determine fractal.....
if(v225000) fractal = 100000;
if(v22500) fractal = 10000;
if(v2250) fractal = 1000;
if(v225) fractal = 100;
if(v212.5) fractal = 12.5;
if(v26.25) fractal = 12.5;
if(v23.125) fractal = 6.25;
if(v21.5625) fractal = 3.125;
if(v20.390625) fractal = 1.5625;
if(v20) fractal = 0.1953125;
new settings are...
//determine fractal.....
if(v220000) fractal=80000;
if(v22000) fractal=8000;
if(v2200) fractal=800;
if(v220) fractal=80;
if(v22.0) fractal=8;
if(v2 0.20) fractal=.8;
if(v2 0.020) fractal=0.08;
That is why the readings are different
Happy Trading
Xard777
re timelines
This version has timelines in it...
You can turn on/off...
tables
timelines
intra-day lines
babylines
yesterday's close
choose which colours you want
play with original settings fractals or with newer settings (experimental)
The timelines are a first for this type of indicator so if anyone out there can improve on what's already been done then please do so and post for all to use.
Happy Trading
Xard777
So is this system profitable or not? Any help please?
Hi there
I use two indicators to show market direction....
Triple EMA & MTF MA
When RoyalBlue MA line is above the Triple EMA Green line then market direction is considered up.
When RoyalBlue MA line is below the Triple EMA Red line then the market direction is considered down.
I have included these indicators here for your perusal so that you need not trawl the forum looking for them.
Happy Trading
Xard777
re Timelines
Here is a picture showing the intra-day timelines on cable today m30 chart.
Happy Trading
Xard777
Re TmeFrame
Have changed the fractal settings in the timeframe indicator.
Also use yesterday's close for daily action.
Enc. 3 charts H4, M30 & M15.
Xard777
hi xard777, what are ur mm for M15 set up values, thanx , gus
enc. latest ver...seems to work fine with cable.
Xard777
Well, what do you think about putting it in this way:
I'm impressed...
Xard777
re post #602
I put up a piccy in post #602 and ppl have been mailing me asking for indicators off it...
here it is zipped up (rar files)
Just curious....does anyone know how to get around the virtualstore in vista as it stores all new indicator files in this folder and does not allow you to write to the program files directory after the install setup???
Xard777
Thanks Vince.
@Xard
Is it possible to put the colors of the lines as 'labels' in the indicator/edit window?
Now I have to dive into the code everytime, because I want the lines to be shown as 'Murreys standard' (red,yellow,blue and green and also thickness of 1 i.s.o. 2 pixels)I just go with what murrey prints....blue, yellow, pink, green
Xard777
Thanx Xard777
I like static octave better than MM timeframe, because static lines give me more evidents. Those frequently changed timeframe lines always confuse me. The octave v4 and v5 are basically same except daraknor's modification on v5. On GBP chart, these 2 octave show the price goes up beyond 8/8th, and redraw the MM range, however Xard777's new V8 is only on 6/8th. May I know why they are different?
asamthe very very very short explanation
v8 takes the price say cable 1.9000 and multiplies by 10000
it's now 19000 which means the SR (master square) = 10000
SR = 10000 divide by 8 = 8 octaves of 1250
price = 19000 nearest octave = 19000/1250 = 15.2
round down to 15 multiply by 1250 = 18750 = 0/8th
add 1250 to 18750 = 20000 = 8/8th
therefore nearest (fixed) octave to 19000 = 0/8th 18750 & 8/8th 20000
now divide final answer back again by 10000 to its original state.
0/8th = 1.8750 and 8/8th = 2.0000
tada all done (no more questions please)
Murrey states that ALL MARKETS move inside one of these Master squares
100, 1000, 10000 & lastly 100000 (does not matter which square we use; the answer will be the same so long as we move the decimal point back the same number of places we moved it forward in the first place).
not 12.5
not 6.25
not 3.125
not 1.5625
not .1953125
these numbers will show up in all above master squares (with decimal point move to the right 1, 2 & 3 places etc...)
Now look at the xchartmm of cable
this is a timeframe which happens to be using 2 octaves in its H/L frame
so if 1 octave earlier was 18750 to 20000 = 1250 H/L
then 2 x 1250 = 2500 so 8/8th = 20000 & 0/8th = (20000 - 2500) 17500
now let's move the decimal point back by dividing by 10000
0/8th = 1.7500 & 8/8th = 2.0000
Phew
I hope the penny has dropped....
Xard777
Some ppl prefer the timeframe, others the fixed octave...it does not matter which is the better
What does matter is now we know the correct setup; we can go and develop a more accurate timeframe and octave indicator for fellow traders to use.
No doubt these indicators will appear over the next week or two.
What counts is....getting the indicators out so traders can have better informed decisions in their day to day trading.