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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.
hi, daraknor, by base of 10 and base 0f 2 what do u mean?
i think u are refering to mulipying the euro by 10,000 or 1,000 working the murrey math lines and then dividing it by 10,000 again. i went through the notes by tk and i found that even though the bond were priced at 0.7 something, murrey rescaled them by 10,000 and i wondered why he just did not use one of the square's he says to use.
my question is in forex do we need to rescale the currrencies to work out the murrey math lines or use the values murrey gives us in the tables?
You figured out what I meant exactly, good job. The way I tell which method I should calculate is by looking at the history and see if it bounces off the lines. Generally you'll see some big long run, and then a bounce *to the pip* off the line on the ECN. Broker data gets a little fuzzier and it is usually within 3 pips. If you see that happen a few times in the past day or so, it is a good indication you got the right settings.
I tried to write an automatic way of switching/detecting the settings and I simply failed. The code method was about 30-35% accurate, the human method was about 85-95% accurate.
Hi, I'm just to know, can we put the alert & message window when price touch on Murray Levels?
I (newbie) got new experience by adding alert to this indicators, it's not easy as it looks but it challenge me hahaha
It's break my longest time record adding alert to an indicator (new record : 2 hours and 12 minutes).
No wonder that no one add the alert yet
Hope it's usefull for you guys...
I (newbie) got new experience by adding alert to this indicators, it's not easy as it looks but it challenge me hahaha
It's break my longest time record adding alert to an indicator.
No wonder that no one add the alert yet
Hope it's usefull for you guys...
I (newbie) got new experience by adding alert to this indicators, it's not easy as it looks but it challenge me hahaha
It's break my longest time record adding alert to an indicator.
No wonder that no one add the alert yet
Hope it's usefull for you guys...
Goen
Thanks Goen.
FerruFx
__________________ FerruFx / www.ervent.net - Professional Coding Services (EAs/Indicators/Alerts)
I have this idea:İs it possible to create an indicator or buy and sell signals when Murray Math lines collide with Bollinger Percent indicator?I am open to further developments based on this idea.
I have this idea:İs it possible to create an indicator or buy and sell signals when Murray Math lines collide with Bollinger Percent indicator?I am open to further developments based on this idea.
Interesting. Could you post bollinger percent indicator.
Linear Mode
