The Murrey Math Trading System - page 15
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It is beautiful, thanks
xard777 or other MM pros,
Could you please take a look at my charts. What do you think will happen to the price of GBPJPY? The price of this pair is directly correlated to the price of GBPCHF & CHFJPY (GBPCHF * CHFJPY = GBPJPY)
What happens when it is btwn 6/8 & 5/8 on the day chart and just closing below 3/8 on 4hr?
The reason why I ask is because I have a buy at 221.99. From the looks of the charts, not a good place to be. Too bad the buy was entered on another signal and before I looked more carefully at the MM.
TIA,
dee
Does anyone have this??
I've searched for the Murrey Math indicator which automatically lables each line with text. If anyone has a version of this indicator could you please upload it. I have attached a image I found for reference.
Thanks,
TK
MM Labels Indicator
I've searched for the Murrey Math indicator which automatically lables each line with text. If anyone has a version of this indicator could you please upload it. I have attached a image I found for reference.
Thanks,
TKThis is what you are after you can change where the labels are on the chart by altering the number mml_shft = 35; in the code the original setting is 3 but it is set at 35 at present to keep the labels away from the current price.
mm_labellevels_2.mq4
Hello all.
I've been learn Murrey Math for the past few weeks and have been so far impressed.
The question I have is about the charts from his website I see posted that have the "circles of conflict" in them.
Is there an indicator for MT4 that does that?
Wouldn't it be helpful or am I missing something?
Thanks it's working great also thanks for the heads up about shifting the labels. Been looking all over for this now I just have to make sure it re-calcualtes correctly when switching between multiple time frames. Thanks again!
TK
This is what you are after you can change where the labels are on the chart by altering the number mml_shft = 35; in the code the original setting is 3 but it is set at 35 at present to keep the labels away from the current price. mm_labellevels_2.mq4
MM Levels
Thanks it's working great also thanks for the heads up about shifting the labels. Been looking all over for this now I just have to make sure it re-calcualtes correctly when switching between multiple time frames. Thanks again! TK
I have tested it and it does appear to recalculate properly as far as i can tell
I have been using this indicator for a long time with no problems, I have also got the same indicator with a separate Data window for the High/Low figures instead of having the comments on the chart.
mm_labellevels_data_1.mq4
Ok, I have few more questions now.
When you're looking at the MM on a short time frame, say M5, when should it recalculate the numbers? I took a short earlier on the M5 time frame when it closed under the 3/8th's (actually the baby 2/8th's under that) with the target of 1/8th's line. Went perfect and hit the 1/8th and reversed. An hour or so later I come back and look at the chart again and now it's gone all the way back up and hit the 8/8th line and reversed (still M5). It's now just under the 7/8th's line.
What is confusing me is that the 1/8th where I originally took profit has become the 4/8th's line. I realize it recalculates, but when?
The other question I had is how to figure out what period to use on what time frame. Do you use a shorter or longer MM period depending on the time frame of the chart? How do know what are valid numbers?
I see that 64 is the standard, but how do I figure out what other numbers I can use?
Last, in reference to my earlier question, does anyone know about the template that Murrey uses with all the lines and the "circles of conflict"?
Ok, I have few more questions now.
When you're looking at the MM on a short time frame, say M5, when should it recalculate the numbers? I took a short earlier on the M5 time frame when it closed under the 3/8th's (actually the baby 2/8th's under that) with the target of 1/8th's line. Went perfect and hit the 1/8th and reversed. An hour or so later I come back and look at the chart again and now it's gone all the way back up and hit the 8/8th line and reversed (still M5). It's now just under the 7/8th's line.
What is confusing me is that the 1/8th where I originally took profit has become the 4/8th's line. I realize it recalculates, but when?
It recalculated depend on your chart TF. When TF 30M, it's mean every 30minutes the line will change. Correct me if i'm wrong.