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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.

Recensioni 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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WHY IS OUR FXACCCURATE LS MT5 THE PROFITABLE ? PROTECT YOUR CAPITAL WITH RISK MANAGEMENT Gives entry, stop and target levels from time to time. It finds Trading opportunities by analyzing what the price is doing during established trends. POWERFUL INDICATOR FOR A RELIABLE STRATEGIES We have made these indicators with a lot of years of hard work. It is made at a very advanced level. Established trends provide dozens of trading opportunities, but most trend indicators completely ignore them!
Royal Scalping Indicator M5
Vahidreza Heidar Gholami
5 (6)
Royal Scalping Indicator is an advanced price adaptive indicator designed to generate high-quality trading signals. Built-in multi-timeframe and multi-currency capabilities make it even more powerful to have configurations based on different symbols and timeframes. This indicator is perfect for scalp trades as well as swing trades. Royal Scalping is not just an indicator, but a trading strategy itself. Features Price Adaptive Trend Detector Algorithm Multi-Timeframe and Multi-Currency Trend Low
"The Squeeze indicator attempts to identify periods of consolidation in a market. In general the market is either in a period of quiet consolidation or vertical price discovery. By identifying these calm periods, we have a better opportunity of getting into trades with the potential for larger moves. Once a market enters into a "squeeze," we watch the overall market momentum to help forecast the market direction and await a release of market energy." The Modified TTM Squeeze Indicator is a modi
The Price Action Finder Multi indicator is an indicator of entry points that searches for and displays Price Action system patterns on dozens of trading instruments and on all standard time frames: (m1, m5, m15, m30, H1, H4, D1, Wk, Mn). The indicator places the found patterns in a table at the bottom of the screen. By clicking on the pattern names in the table, you can move to the chart where this pattern is located. Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Pa
Altri dall’autore
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
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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Versione 1.1 2022.02.03
Перекомпилирован под версию терминала 3182 от 01.02.2022