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Forced Murrey Math

$Forced Murrey Math$

30 USD

Demo downloaded: 111

Published: 6 December 2013

Current version: 1.2

Forced Murrey Math

Indicators
Nikolay Likhovid
Nikolay Likhovid
Russia

4240
3.8 (7)
8 products 6 topics 165 comments
Version: 1.2
Updated: 17 November 2021
Activations: 5

Murray levels are popular among traders. You can easily find indicators for drawing the levels on the internet. The main difference and advantage of the Forced Murrey Math indicator is the execution speed. This makes it perhaps the best choice for use in Expert Advisors that require thorough testing and optimization on a long history of quotes. Also the indicator draws history, so it will be very useful for visual analysis of interaction of price with the Murray levels in the past.

The method of level calculation is similar to that used in the classic MMLevls_VG indicator. The only parameter sets the period of calculation in bars. The values of the levels are in the indicator buffers, i.e. they are accessed from Expert Advisors in the standard way. However, as MetaTrader 4 allows only 8 indicator buffers, and the total number of the Murray levels is thirteen, only even levels are calculated. This is not a problem when used in EAs: as the intervals between the Murray levels are equal, missed levels can be easily calculated. This simplification does not affect the quality of visual analysis.

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$Screenshot #1 Forced Murrey Math$

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Do you use dynamic ranges (like Bollinger Bands or Envelopes) in your trading? A fixed period is usually used for such calculations. But is such approach relevant to the very nature of the market? In fact, the price chart consists of a series of successive processes - trends and flats. In this case, we can talk about the internal development logic inside a single process only. Therefore, the nature of the market is better described by dynamic ranges designed for the processes occurring "here and

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This is a very fast and not redrawing ZiGZag; it supports switching the segments at breakouts of price levels located at a specified distance (H parameter) from the current extremum. MinBars parameter sets the depth of history for drawing the indicator; 0 means drawing on the entire history. SaveData parameter allows writing the coordinates of extremums to a file (time in the datatime format and price). Some statistics calculated on the basis of the ZigZag is displayed in the form of comments.

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Forced Murrey Math

Nikolay Likhovid