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Murray Math Levels several oktavs for MT5

5

This indicator calculates and displays Murrey Math Lines on the chart.

This MT5 version is similar to the МТ4 version:

It allows you to plot up to 4 octaves, inclusive, using data from different time frames, which enables you to assess the correlation between trends and investment horizons of different lengths. In contrast to the МТ4 version, this one automatically selects an algorithm to search for the base for range calculation.

You can get the values of the levels by using the iCustom() function;

Each octave has 13 levels. 4 octaves have 52 indicator buffers in total.

  • Buffer 0 corresponds to the value of the +2/8 level of the octave with index P0
  • ...
  • Buffer 12 corresponds to the value of the -2/8 level of the octave with index P0
  • ...
  • Buffer 13 corresponds to the value of the +2/8 level of the octave with index P1
  • ...
  • Buffer 25 corresponds to the value of the -2/8 level of the octave with index P1
  • ...
  • and so on...
  • Buffer 52 corresponds to the value of the -2/8 level of the octave with index P3

It produces the results on historical data. A publicly available free version with modifications introduced by different authors, draws the results on history as calculated on the current bar, which prevents it from being used for accurate analysis of the price movement in the past and complicates determination of the possible direction of the price at the current price range.

There are versions that show values based on history but I don't know how accurate they are.

To simplify the operation of the indicator, the number of bars of history is limited - the BarsCNT parameter, default is 150 bars.

You can study the historic behavior of the indicator in the manual mode by using the StepBack parameter, which allows to plot the required number of indicator values starting with the specified bar.

Attention! This version of the indicator features an improved selection of ranges for plotting octaves.

By default, the indicator is configured for intraday trading with lines drawn over the hourly range, which allows you to properly use it for all intrahour ranges. If it is necessary to use the indicator on higher time frames, the current chart time frame will be selected automatically. Alternatively, you can manually set the desired time frame for drawing octaves, being higher than the current chart time frame.</s2>

Please modify the default parameters only if you know exactly what you are doing. The default parameters should be optimal for most trading strategies.

Comentarios 1
kenchuks
67
kenchuks 2018.01.04 02:35 
 

Excellent product. I am happy with the performance, though I only use it to locate extreme levels. It does an excellent job at that!

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LIMITED! JUST 10 COPIES AVAILABLE!  BONUS AUX VIP Club 2024 : Include EA CAP, CEP, LDH, PSC307 & AO4C to enhance the performance of this tool to its maximum potential  Click Here to Download Files   ( for users only ) FREE Trading Education Available Daily via Zoom --- For More Info or Instant Message Click link ---  https://t.me/abcdwave Transform your trading with the "Five Magic Bullets" Indicator, tailored for traders who embrace the power of Elliott Wave Chaos Theory. Spec
CONTACT US  after purchase to get the Indicator Manual. Try Now—Limited Discount for the next 10 Buyers! Download the  Metatrader 4 Version Read the product description carefully before purchasing the product.  Due to regulatory restrictions, our service is unavailable in certain countries such as India, Pakistan, and Bangladesh. Disclaimer: • Our products are available only on mql5.com. • We never contact anyone or sell our products privately. • We do not provide any personal trading advice.
Descubre los verdaderos patrones ocultos del mercado con el Sistema de Trading PREDATOR AURORA —el jefe final de los indicadores de trading híbridos. ¡Ve lo que otros no ven! El Sistema de Trading PREDATOR AURORA es una potencia diseñada para aquellos que se niegan a acobardarse en las sombras de la mediocridad. No es solo otro indicador; es el código de trampa; es tu ventaja injusta, un sofisticado sistema de caza híbrido que rastrea los movimientos del mercado con precisión letal en una jun
PZ Swing Trading MT5
PZ TRADING SLU
5 (5)
Swing Trading es el primer indicador diseñado para detectar oscilaciones en la dirección de la tendencia y posibles oscilaciones de reversión. Utiliza el enfoque de intercambio de línea de base, ampliamente descrito en la literatura comercial. El indicador estudia varios vectores de precios y tiempos para rastrear la dirección de la tendencia agregada y detecta situaciones en las que el mercado está sobrevendido o sobrecomprado y listo para corregir. [ Guía de instalación | Guía de actualización
Introduction to Fractal Pattern Scanner Fractal Indicator refers to the technical indicator that makes use of the fractal geometry found in the financial market. Fractal Pattern Scanner is the advanced Fractal Indicator that brings the latest trading technology after the extensive research and development work in the fractal geometry in the financial market. The most important feature in Fractal Pattern Scanner is the ability to measure the turning point probability as well as the trend probabil
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
Hello I Want to introduce The Forex Buy Sell Arrow Premium MT5 i recently release this premium indicator! its 1000% Non Repaint Indicator, It Work Perfectly Well,, i tested it day by day, Just mind blowing Result,  Including Powerful trend Algorithm! How It Work? well, it work market trend formula, when trend Bullish Or when trend Bearish,  Recommend Timeframe M30, H1 it work all timeframe, and all currency pair, 100% non repaint, How to take signal From Forex Buy Sell Arrow Premium Ind
Pro Thunder V10: ¡El Indicador Definitivo para Operaciones de Opciones Binarias! Lleva tu trading al siguiente nivel con Pro Thunder V10 , el pináculo de las operaciones con opciones binarias. Impulsado por tecnología avanzada de Redes Neuronales con IA , este indicador revolucionario está diseñado para ofrecer precisión y confiabilidad incomparables. Desde señales en tiempo real que no se repintan hasta un rendimiento impecable en condiciones de mercado volátiles, Pro Thunder V10 es t
Volume by Price MT5
Brian Collard
3.25 (4)
Volume Profile, Footprint and Market Profile TPO (Time Price Opportunity). Volume and TPO histogram bar and line charts. Volume Footprint charts. TPO letter and block marker collapsed and split structure charts. Static, dynamic and flexible range segmentation and compositing methods with relative and absolute visualizations. Session hours filtering and segment concatenation with Market Watch and custom user specifications. Graphical layering, positioning and styling options to suit the user's a
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The indicator draws trend lines based on Thomas Demark algorithm. It draws lines from different timeframes on one chart. The timeframes can be higher than or equal to the timeframe of the chart, on which the indicator is used. The indicator considers breakthrough qualifiers (if the conditions are met, an additional symbol appears in the place of the breakthrough) and draws approximate targets (target line above/below the current prices) according to Demark algorithm. Recommended timeframes for t
This indicator calculates and displays Murrey Math Lines on the chart.  The differences from the free version: It allows you to plot up to 4 octaves, inclusive (this restriction has to do with the limit imposed on the number of indicator buffers in МТ4), using data from different time frames, which enables you to assess the correlation between trends and investment horizons of different lengths. It produces the results on historical data. A publicly available free version with modifications intr
Классификатор силы тренда. Показания на истории не меняет. Изменяется классификация только незакрытого бара. По идее подобен полной системе ASCTrend, сигнальный модуль которой, точнее его аппроксимация в несколько "урезанном" виде, есть в свободном доступе, а также в терминале как сигнальный индикатор SilverTrend . Точной копией системы ASCTrend не является. Работает на всех инструментах и всех временных диапазонах. Индикатор использует несколько некоррелируемых между собой алгоритмов для класси
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kenchuks
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kenchuks 2018.01.04 02:35 
 

Excellent product. I am happy with the performance, though I only use it to locate extreme levels. It does an excellent job at that!

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Versión 1.1 2022.02.03
Перекомпилирован под версию терминала 3182 от 01.02.2022