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xard, since it seems you are using Murrey levels for a long time and have some experience, could you please make your comments/suggestions what could be the best way way to use Murrey levels as a filter to block buy/sell orders. Please take a look at " Great EA in backtest!" thread in "Expert Advisors - Metatrader 4".
Xard777 .. many thanks for sharing your indicators. #00HMAmodified & #00MM-TimeFarme are most valuable.
I am not clear on use of the #00Float2. In post 131 there is mention of multi time frame. Does it mean to apply #00Float2 in m60,m30,m15,m5 or apply #float2 in long time frame to get a low and high while applying MM levels on several shorter time frame.?
Xard777 .. many thanks for sharing your indicators. #00HMAmodified & #00MM-TimeFarme are most valuable.
I am not clear on use of the #00Float2. In post 131 there is mention of multi time frame. Does it mean to apply #00Float2 in m60,m30,m15,m5 or apply #float2 in long time frame to get a low and high while applying MM levels on several shorter time frame.?
Your kind help is solicited
In post 137, Lenny kindly put up the book Float Analysis by Steve Woods.
I am still going through it, but I think most folk use a float of 200 which would suggest a larger timeframe - I am running 60 and 200 to see the difference, thats why I put up both templates.
Real Murray. What we are using on mt4 is not complete. all the murray documents that I have speak of a trading square, not just price but time and speed. We are lacking all that. I noticed that on the pics from the original system, the time had also 9 levels (or verticals) and there was a vertical every 4 candles. So I've put these on my 4hr chart and here's the result. Do you think this could be coded? The issue is with getting the beginning of the square as that might be of importance.
Use of Float Indi
Linear Mode
