Hello all.

I've been learn Murrey Math for the past few weeks and have been so far impressed.

The question I have is about the charts from his website I see posted that have the "circles of conflict" in them.

Is there an indicator for MT4 that does that?

Wouldn't it be helpful or am I missing something?

Thanks it's working great also thanks for the heads up about shifting the labels. Been looking all over for this now I just have to make sure it re-calcualtes correctly when switching between multiple time frames. Thanks again!

TK

I have tested it and it does appear to recalculate properly as far as i can tell
I have been using this indicator for a long time with no problems, I have also got the same indicator with a separate Data window for the High/Low figures instead of having the comments on the chart.

MM# LabelLevels DATA.mq4

MM.gif

Ok, I have few more questions now.

When you're looking at the MM on a short time frame, say M5, when should it recalculate the numbers? I took a short earlier on the M5 time frame when it closed under the 3/8th's (actually the baby 2/8th's under that) with the target of 1/8th's line. Went perfect and hit the 1/8th and reversed. An hour or so later I come back and look at the chart again and now it's gone all the way back up and hit the 8/8th line and reversed (still M5). It's now just under the 7/8th's line.

What is confusing me is that the 1/8th where I originally took profit has become the 4/8th's line. I realize it recalculates, but when?

The other question I had is how to figure out what period to use on what time frame. Do you use a shorter or longer MM period depending on the time frame of the chart? How do know what are valid numbers?

I see that 64 is the standard, but how do I figure out what other numbers I can use?

Last, in reference to my earlier question, does anyone know about the template that Murrey uses with all the lines and the "circles of conflict"?

It recalculated depend on your chart TF. When TF 30M, it's mean every 30minutes the line will change. Correct me if i'm wrong.

Thanks for the reply but I don't think that's correct. If it recalculated that often, you would never have confirmation that the price acted accordingly. It would be akin to redrawing the trend lines between only the last 2 bars - you would have no idea of the overall trend.

Actually, the MM lines are calculated by the high and the low within a square of the last n bars (30, 60, etc...).

So there is the potential for the lines to change every 30 minutes, and sometimes it does update that often. But most of the time it stays the same... untill the current high or low changes withen the square of past bars.

__________________
"Only those who dare to fail greatly can ever achieve greatly."

Jpy pairs not working...

so sad

Fixed the MM Data so that it displays cable & yen figures correctly.
Added a trend up/down - no need to ask in future
Added High/Low Daily figures
Added High/Low Daily Box in chart screen - (coding courtesy of cja - thanx)

Simply D/L the xard777.rar file and unzip
put the xard777 template file into c:\metatrader4\templates
and the rest of the files into the indicator folder

restart Metatrader4, right mouse click, select templates\xard777

Enjoy

Xard777

EDITED 01:00 UPDATED PICS PLUS FILES - USE INSTEAD OF EARLIER VER.
EDITED 04:42 UPDATED PRICE TREND - now working ok
EDITED 14:47 FINAL VERSION - cja added MINI & MAIN TREND DIRECTION
Please D/L latest xard777.rar file

Attached Images

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	screenshot2.gif (37.3 KB, 1336 views)

Attached Files

xard777.rar (32.1 KB, 1163 views)

could you please provide also the manual to use this template?actually i'm newbie...very interested to use this template!!!thank u