Murreys Math Oscillator is a market direction oscillator with Murray levels.
The indicator has three input parameters:
Calculation:
MMO = 2.0 * (Close-Mid)/Range
where:
Mid = Min+Multiplier * Range * 4.0 Range = Max-Min Min,Max - the lowest and the highest prices in the Period range
When the oscillator reaches the next Murray level, the column color changes to the one corresponding to that level.
Tradotto dal russo da MetaQuotes Ltd.
Codice originale https://www.mql5.com/ru/code/22361
Market_Direction_Indicator
Market Direction Indicator
MA Envelopes
The Expert Advisor sets pending Buy limit and Stop limit orders.