Do any work on 5 min chart? Seems to get messed up!
I've seen it work on a 1min, where it would hit the 0/8 and bounce up to the 8/8... of course the indicator that is here doesn't display historical lines as it moves about a bit.
i have use this version of murrey. murrey is the backbone of my trading. i may say that murrey is a complete indicator as it ease us to know:
-trend(bullish or bearish).
murrey can be used at all timeframes... usually big movement in lower timeframe(tf) occurs when bigger tf in the oversell or overbuy region.
Thanks for sharing, is it possible for you to give some simple guidelines how you use MM as you stated
i followed the rules posted at 1st page by newsdigital...
how is your indicator different from the most current indicator?
don't know the different.. i use it as i am satisfied with it.
8376_better-muurey-math-mm-levels actually is Murrey_Math_MT4_VG.
It's the same.
Hi to all !
I've posted a new version on metaquotes.ru forum (http://www.metaquotes.ru/forum/6839/page32 at 30.06.06 11:21). New name is "MMLevels_VG"
What about some parameters somebody asked some pages above :
P - is the period
MMPeriod - is the base time frame. If this one !=0 You may see levels from this period on your current chart independent of time frame of the current chart. Else you may see levels based just on period current chart. And MMPeriod always can be >= P .
Differences new version from the "Murrey_Math_MT4_VG" is the algorithm of finding of extremums.
Bewst Regards. Vladislav (VG).
PS Sorry my English. It isn't my native.
Thanks a lot VG.
Your indicators are great!