Murray Math Levels

Can anyone provide an explanation on Murrey Math Levels and how it applies to forex trading?

Anyone have an ebook on the subject?

http://www.foretrade.com/MM_description.htm

Thanks. Does anyone have an ebook or software to program into platforms as an indicator?

You can get Murrey Maths indicators for metatrader over on the metatrader yahoo groups

Thanks. I'm looking for Murrey Math in the CTL programming language.

I've been trying to locate it for my GFT Forex platform.

Does anyone have Murrey Math set up for GFT?

Dan

does any body know how to impliment murray lines for MT4?

i've been reading murray line and i understand how it works but am at a lost at how to impliment it. i thigga that u take the high and low of say the week and from there divide it in to eights, then once and continue so as u move down into daily chart and the horuly charts.

that's just my thoughts i may be wrong and if so please correct me.
any knowleedge is welcome knowledge :-)

cheers

There is a complicated theory on how to use them. Frankly, i just use them like i do Pivot Points and simply as confirmation of candle stick reversal paterrns I might see. There are great on 4 hr charts and the like. it's just another possible area where price could reverse direction or break through.

Pivot points rock too though. I use them on 5min and 15 min charts. If you want to play it even safer, go in the direction of the 4 hr trend for any trade. That's it.

thankx rumi chhers for your insights.
sorry bout the post b4 i must be blind because i didn't even see billy's reply Oo

well i look a yahoo group and found it difficult to find, so if ppl don't mind could u please provide a link to download the programme?

cheers

http://www.foretrade.com/MM_description.htm
http://www.metaquotes.net/forum/1390/

Hope this help

I just modified the MurreyMath indicator from Vladislav Goshkov to add in an alert. The alert can be turned on or off. It'll alert only once per bar and NOT per second. In addition, you can change the color of the lines now.

Alert messages are:
Alert("MM[+2/8] SELL: TP1 @ 8/8, TP2 @ 7/8");
Alert("MM[+1/8] SELL: TP1 @ 8/8th, TP2 @ 7/8");
Alert("MM[8/8] If downtrend, SELL & Exit @ 6/8th");
Alert("MM[7/8] If downtrend, SELL & Exit @ 4/8th");
Alert("MM[1/8] If uptrend, BUY & Exit @ 4/8th");
Alert("MM[0/8] If uptrend, BUY & Exit @ 2/8th");
Alert("MM[-1/8] BUY: TP1 @ 0/8th, TP2 @ 2/8");
Alert("MM[-2/8] BUY: TP1 @ 0/8, TP2 @ 2/8");

TP1 = take profit #1 @ level .... or exit @ that level.
TP2 = take profit #2 @ level ....

Let me know if the alert is wrong.

Great job with the alerts. I hope to try out your mods over the next few weeks. Will let you know how I get on.

Sorry, I forgot to ask - do I change the P value each time for different timeframes? For example if I am using 15min charts do I change from 240 value to 15?

Excuse my ignorance.

Are you still looking for MM in CTL if you are let me know I will send it to you?

Sure. If you can send it over, please do. I tried to message you my email address but you've elected to not receive private messages or email.

Dan

Hi Dan,

I have two different indicators high/low and close which will you prefer?

Regards

you can send me a private message now, I have changed my profile settings.

More Murrey Math

Dan,

I have posted the link on the Chart Studio Forum you can download the script from this link:

http://www.gftforex.com/forum/displaytopic.asp?T=1048

Regards

What is the best way to use this time period...ie...take heed of the 4 hr and daily positions at the begining of the day, or refresh different time periods every hour...anyone use down to 5 minute time period???

Hi, Can you send me the Murrey Math indicator for CTL ?

Thanks