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For those of you interested in using mm indicators with Metatrader, why not try out the octaves indicator - its just mm based on the current price - no time, no shifting, no lookback period - just simply price. And because the lines are static you will be able to remember them more easily in the future.
So whats with all these versions? Can someone explain? Which is the best?
Do any work on 5 min chart? Seems to get messed up!
Billy
I've seen it work on a 1min, where it would hit the 0/8 and bounce up to the 8/8... of course the indicator that is here doesn't display historical lines as it moves about a bit.
i have use this version of murrey. murrey is the backbone of my trading. i may say that murrey is a complete indicator as it ease us to know:
-trend(bullish or bearish).
-target.
-reversal point.
Thanks for sharing, is it possible for you to give some simple guidelines how you use MM as you stated
i have use this version of murrey. murrey is the backbone of my trading. i may say that murrey is a complete indicator as it ease us to know:
-trend(bullish or bearish).
-target.
-reversal point.
Hi to all !
I've posted a new version on metaquotes.ru forum (http://www.metaquotes.ru/forum/6839/page32 at 30.06.06 11:21). New name is "MMLevels_VG"
What about some parameters somebody asked some pages above :
P - is the period
MMPeriod - is the base time frame. If this one !=0 You may see levels from this period on your current chart independent of time frame of the current chart. Else you may see levels based just on period current chart. And MMPeriod always can be >= P .
Differences new version from the "Murrey_Math_MT4_VG" is the algorithm of finding of extremums.
Linear Mode
