Nice to see people using MML
as I am not megalomaniac I prefer to rename them SRL - Support & Resistance Lines whose name is self-explanatory
about Murrey / Gann Support and Resistance Lines
1) Gann first used the division by 8 of the interval between a Low and a High - additional question how to choose the Low and the High
2) Gann / Murrey used a different version of above methodology by using a "fractal version" - 0/1, 0/10, 0/100,0/1000, 0/10.000 etc
this version has the advantage to be more "stable" and to allow comparisons between all financial supports fluctuating within the same price range
3) fact is you can use the same methodology with whatever interval because you can "slice" it in 1/100 th
as I am not megalomaniac I prefer to rename them SRL - Support & Resistance Lines whose name is self-explanatory
about Murrey / Gann Support and Resistance Lines
1) Gann first used the division by 8 of the interval between a Low and a High - additional question how to choose the Low and the High
2) Gann / Murrey used a different version of above methodology by using a "fractal version" - 0/1, 0/10, 0/100,0/1000, 0/10.000 etc
this version has the advantage to be more "stable" and to allow comparisons between all financial supports fluctuating within the same price range
3) fact is you can use the same methodology with whatever interval because you can "slice" it in 1/100 th