Murrey Math Lines with labels — Indicator by Nanda86

volatility trendanalysis pivotpoints murreymath murreymathlines murreymathchannels

updated the script from @ceyhun and added labels for reference...

For high probability setup pair it with higher timeframe (30 min, 60 min) and 5 min for support and resistance and use price action to go long or short... For more info on how to trade these lines you can search forexfactory . It is uncanny how these lines react to prices. Need to explore more on this subject...

Release Notes:

Added alerts "When price crosses any MM levels" and also added alert when octaves changes during the course of the day and other minor code updates..

Release Notes:

Updated for memory error..

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?