Indicators: Murrey Math Lines for the Current Bar

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Murrey Math Lines for the Current Bar:

Murrey Math Lines for the current bar are an effective tool for the market movements forecasts.

The well-known theorist Thomas Henning Murrey is widely known in the world of the modern trading. It was he who adapted the theory of the legendary William Gann making it more understandable. Murrey created his famous math lines on the basis of the Gann's "Square of Nine" principles.

The lines proved to be an effective and widely used tool for forecasting the market movements changes. The idea of Murrey Lines can be shortly described the following way: the range is divided into 8 equal parts (areas) and two outer areas are additionally generated above and below. Areas are divided into lines.

Lines description (for a daily chart):

  • 8/8 andf 0/8 lines (ultimate resistance).
  • 7/8 line (weak, stall and reverse).
  • 1/8 line (weak, stall and reverse).
  • 6/8 and 2/8 lines (pivot, reverse).
  • 5/8 line (top of trading range).
  • 3/8 line (bottom of trading range).
  • 4/8 line (major support/resistance).
  • The area between 8/8 and +2/8 is an overbought zone.
  • The area between 0/8 and -2/8 is an oversold zone.

Author: Nikolay Kositsin

Murrey Math Lines

 

while compiling the code,it gives error :


cannot convert enum,please check

 
anurag bhargava:

while compiling the code,it gives error :

cannot convert enum,please check

Put an underscore after each name.

input STYLE  mml_style_m_2_8 = STYLE_SOLID_;             // [-2]/8 level line style
input STYLE  mml_style_m_1_8 = STYLE_DASHDOTDOT_;        // [-1]/8 level line style
input STYLE  mml_style_0_8   = STYLE_DASHDOTDOT_;        // [0]/8 level line style
input STYLE  mml_style_1_8   = STYLE_DASHDOTDOT_;        // [1]/8 level line style
input STYLE  mml_style_2_8   = STYLE_DASHDOTDOT_;        // [2]/8 level line style
input STYLE  mml_style_3_8   = STYLE_DASHDOTDOT_;        // [3]/8 level line style
input STYLE  mml_style_4_8   = STYLE_DASHDOTDOT_;        // [4]/8 level line style
input STYLE  mml_style_5_8   = STYLE_DASHDOTDOT_;        // [5]/8 level line style
input STYLE  mml_style_6_8   = STYLE_DASHDOTDOT_;        // [6]/8 level line style
input STYLE  mml_style_7_8   = STYLE_DASHDOTDOT_;        // [7]/8 level line style
input STYLE  mml_style_8_8   = STYLE_DASHDOTDOT_;        // [8]/8 level line style
input STYLE  mml_style_p_1_8 = STYLE_DASHDOTDOT_;        // [+1]/8 level line style
input STYLE  mml_style_p_2_8 = STYLE_SOLID_;             // [+2]/8 level line style
 
The best ideal!
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