The Murrey Math lines are created by dividing the range between the high and low of the monthly timeframe prices into equal parts based on the division factor from 2 to 12. No matter which timeframe you will use, because the calculations based on the most high and low price values. Better to use > monthly timeframe for faster calculations. These lines serve as...

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This is a new indicator that uses Murrey Math formulas to find the tops and bottoms, then uses those tops and bottoms to draw long-term fibonacci retracement levels. The genius of Murrey was his geometric formulas to calculate the right place to start plotting the lines, but I think the fibonacci ratios typically seem more accurate than the MM line ratios. So in...

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Murrey Math Lines are support and resistance lines based on geometric mathematical formulas developed by T. H. Murrey. MM lines are a derivation of the observations of W.D. Gann. Murrey's geometry facilitate the use of Gann's theories in a somewhat easier application. According to Gann's theory, price tends to trend and retrace in 1/8th intervals. The most...

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Experimental: modifications includes 2 extra channel types to read volatility's range. this is a update and modification to the Murrey's Math Lines Oscillator published by UCSgears here:

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I'm publishing my second script, though nothing extraordinary, I believe there is user group for Murry Math indies and the only "proper one" (According to my usage) I found was of RicardoSantos, here is the link : He developed that script in 2014 and it is in need of update to Pine V4 and I'm doing the needful as its user. All the updates from my end are...

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LAX Murrey Math Levels Specify a starting price, then an interval and Lookback window. The indicator will then plot a moving window of murray math levels.

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HOW IT WORKS Creates two murrey math oscillators (hidden) one with 256 length another with 32 length and compare each other. WHAT GIVE ME THIS SCRIPT The script can give you very valuable information: - Main Trend - Pullbacks detections - Extreme overbought oversold prices alerts - Divergences - Any timeframe usage REFERENCES OF USAGE Main Trend...

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Update v1.1: GRaB colors now green, red, gray Added Murrey Range lines. Cleaned up the code. GRaB candles and a murrey math "midline" in one script. Some traders using methods of Rob Booker (40% club, trifecta5) like to use both GRaB candles and Murrey Math to combine, or to compare entry and exit moments. Color of candles are as GRaB candles. Midline use:...

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(use V1.1 now See links below) GRaB candles and a murrey math "midline" in one script. Some traders using methods of Rob Booker (40% club, trifecta5) like to use both GRaB candles and Murrey Math to combine, or to compare entry and exit moments. Color of candles are as GRaB candles. Midline use: Crossing the midline is a change of color in murrey. Candles...

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TF Murrey's Math Oscillator_V2 - Notifications. For those of you who like the Histogram :)

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Hello, Murrey Math lovers, Thanks for those who showed interest on this. Based on a request, I have updated the plot / candle coloring, for Version - 2. This has been in the queue for a while. There was a Glitch found with the Multiplier. Will Fix in the next version. The Current Version (and the previous version) only supports 1/8 fractions. Will not support...

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This is a new indicator release, Using the principle of Murrey Math Line Trading Systems. It will be easier for someone to add alerts on an oscillator rather than a overlay. Currently, I did add some aesthetics for those who like to view different colors, can be turned off. Oscillator Color Definition - Green = Above MidLine Red = Below Midline Blue = Below...

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Murrey's Math Lines Box, top and bottom values of the final box must be entered manually.

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