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).
Could you post your new indicator here?
Great indicator !!!
Your indicators are great!
Newdigital could you post the new MM indicator here please? Unfortunatly i don't understand russian
Tanx Newdigital and VG
No problem ! in Attachments.
Best Regards. Vladislav(VG).
Thank you Vlad! If you have the time, can you explain the main adds to this new MM? And what settings fit the indicator best? Take care!
Thank you. I do not trade MM, but I always like to see new indicators.
Thank you, again.
I'lll try .
When you looking for extremums in old version You may get just maximum or minimum value on the period. If this one is no extremum. This is a property of MT4 functions (Highest()&Lowest()). Their algorithm is created for MT4 Zig-Zag indicator. For our case it is not right.
In general cases this ones (exteremum and max\min on period) is no equal. And you may catch partly old trend to building levels.
In new version I have to write own algorithm of finding exteremums (not max or minimum - exactly extremums). Also we have to check prices on last bar - to finde braking of oktava.
Thank you, Vladislav!
I was using the previous version of your indicator and it appeared to produce more levels with thin the time period than the current one. Can you pleae take a look at the indicator attached and tell me why there are those differencess
Thank you very much
Vlad thanks for your time! All the best!
Re MM Indicator
Enc. MurreyMath.TimeFrame indicator plus chart.