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Originally Posted by xard777
You answered your own question:-)
MM Timeframe period can be many different Hi/Lo snapshots depending on the observers outlook ie
16 bars, 32, 64, etc...also number of bars times 1, 1.5 and 2 can be used.
I just use 64 bars x 1 as my rule of thumb, also you are meant to use the CLOSE of the candle highest/lowest within your time period. (If someone knows the line of code to do this please let me know as I currently make do with the highest high and lowest low)
VladVG code is the same as I use, just diferent hi/lo's are used to decide the octave (height of the timeframe)
If you are unsure as to which timeframe to use simply use kruzel's AMM dos ver enclosed here or an excel one based on kruzel's also here.
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Thank you very much! I will take a look at it!
In Vlad's code he has input for Period and it is default to 1440. I assume it is a daily default. If I was to use his indicator and 15 minute chart what would be the Period paramter?
Where would be a good place to read about Murrey Math?
Thanks again