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Originally Posted by xard777
MM uses Three Time Trading Frames. 16, 32 and 64 days
also mm uses above Frames multiplied by 1.5 + 1 Day
therefore next period up from 32 and down from 64 would be 49
(32 x 1.5) +1 = 49....so if 32 is too tight to trade and 64 too large, why not try 49. Simply right click on the chart select indicators list - double click on #00MM-TimeFrame and change value of P from 32/64 to 49.
Let me know how you get on...
Xard777
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I always use 64. E.g. 64 frames on 15 minutes = like 32 on 30 minutes
About the calculation:
if we calculate the close during the period the last bar still moves there is a possibility the calculated value is too high IF it trades above the prior bar at that moment. Current price = Close AT THAT MOMENT Not said the bar will close above the prior bar. In that case calculation is not 100% correct