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Who wants to participation in Murray Math Expert Advisor development, please send a private message.
EAs
The price moves on the linear regress channel and approaches to a level Murray . If the price is in the center of the channel (close to the center means it is close to a line of linear regress) than it is possible to say that there will be a breakdown of Murray level. If the price is far from the center (from a line of linear regress and is close to channel borders (confidential intervals) of linear regress) than there is a high probability of a turn.
Signal on opening of a position: The price approaches to Murray line (line 1; picture 1) and it is situated in a zone close to confidential border of the channel (see picture 1). The probability of a turn is high. We open shorts.
A signal on deduction of a position: After the position opening, we wait for the approach of the price to a following Murray line, in case if the price approaches to a line and is close to the center of the channel (line 2; picture 2) than the probability of breakdown of a Murray line is high. We keep a position. If the price is close to channel border – is high withdrawal probability from a Murray line. We close a position and open in an opposite direction.
MurreyMath Indicator without the clutter of HLines
May not suit most of you, but I like this, as I can see my chart. You can only have so much clutter on your chart and I prefer less. All you need to know what each color stands for and the lines would be right above. Try this for less of a good thing. IMO