I'm currently experimenting with the Murrey Math System on a M30 timeframe. May I know what has been the optimal Period for this timeframe? Also, if I were to trade with various timeframes, what would be the most optimal periods for M1 to D1? Anybody?

Thank you.

I trade eurjpy and usdchf and I dont know what P and MMPeriod put in the indicator.
I am using P: 64 MMperiod : 240 Step back: 0

Can u plz give some manual and the latest indicator murray

Would you mind tell me why is it difference

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	mm time frame 2.gif (48.0 KB, 1360 views)

what are red blue and yellow colors i think red are long term traders
thanks for the handbook about MP i ve started to read it very good
book so you know whats happening in to the market

Hi, I'm just to know, can we put the alert & message window when price touch on Murray Levels?

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Hi!

Please help me!

There are many MurreyMath indicators in the net, and the almost all of this indicators display different results In this thread presented also many indicators, but I want to know what indicator really display right results?

Thanks!

There is a fundamental question that we have and we don't have an official answer. The question is if currencies should be base2 MM or base10 MM. I found that GBPUSD can work from base2 or base10, but my research indicates EURUSD works from base10 despite claims by Murrey in his book it should be base2 (although he didn't make that claim directly). In MM trading platform, Murrey inverted the USDJPY and then applied a base2 function. So the MM trading platform has JPYUSD with base2 lines. I didn't check the lines or math, but it is plausible.

A visual test over a year of data should show many many bounces off the 0/8 and 8/8 lines. The 1/8 and 7/8 seem statistically true, but the 64 rules of stocks don't apply to forex. The zones of conflict don't work in forex.

Don't forget that there are often half shifts in the MM lines, so 4/8 and either -4/8 or +4/8 are the new 0/8 and 8/8 lines temporarily.

Thank you for the answer! And what you say about version by Xard777? I think that I need to adjust period P for any currencies! Why the 64 rule not work in Forex? What value of P should be used for EURUSD, GBPUSD, GBPJPY and etc.???

I think Xard777's indicators are a faithful interpretation of Murrey Math. I'm not using Murrey Math, but I do use parts of it in calculating things. Sometimes my numbers agree with MM but usually not. It appears GBPUSD is dual compatible with both methods of calculating things and so it is a nice currency to use MM on.

Sometimes I use MM terminology because the same sort of principles apply. My method of calculation is MM slightly adjusted to work for forex. The rules don't work because the market pressures, timing, etc are not the same. For example, Murrey claims that if you have a very steep price incline, that it will be followed by a bounce off 7/8 and then a sharp decline. In forex a steep incline is instant or almost instant during news and it just screws up the Murrey Math lines. It usually takes a news event to violate the lines (of GBPUSD and other currencies it tends to work on) but the speed rule simply doesn't apply to news.

I don't know what P is, I don't use any variable with a name like that. I have a few variables but they are probably very different and since I don't use MM, the values would be different too.