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All about Murrey_Math & Variant

This is a discussion on All about Murrey_Math & Variant within the Trading tools forums, part of the Trading Forum category; Hi ND/Igor, I found one indicator on TradingView which shows very good results. Is it possible to have this in ...

      
   
  1. #11
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    MurrayMath as S&R

    Hi ND/Igor,

    I found one indicator on TradingView which shows very good results. Is it possible to have this in MT4 ?

    Please.

    https://www.tradingview.com/script/l...y-Math-Levels/

    //@version=3


    // LAX Murrey Math Levels
    // Copyright by RJ 4/2018
    // Specify a starting price, then an interval and Lookback window.
    // The indicator will then plot a moving window of murrey math levels.


    study(title="LAX Murray Math Levels", shorttitle="LAX_MML", precision=5, overlay=true)


    //Inputs
    stPrice = input(1.2300, minval=1, title="StartingPrice")
    pipInterval = input(125, minval=1, title="Interval in Pips")
    lookbackWin = input(64, minval=28, title="Lookback window")


    //Calculate precision
    mult = .00001
    incr = pipInterval * mult
    mid1 = 0.0000
    top1 = 0.0000
    bot1 = 0.0000
    mid2 = 0.0000
    top2 = 0.0000
    bot2 = 0.0000


    decimals = abs(log(syminfo.mintick) / log(10))
    if decimals == 3
    mult = .001

    //plot(series=decimals, color=blue)


    if barstate.isfirst
    mid1:=stPrice
    else
    if highest(high, lookbackWin) >= (mid1 + incr)
    mid1:= highest(high, lookbackWin)

    //Plot
    m1 = plot(mid1, color= mid1 != mid1[1] ? na : red, title="m1", style=line, linewidth=2)
    t1 = plot(mid1 + incr, color = mid1 != mid1[1] ? na : red, title="t1", style=line, linewidth=2)
    b1 = plot(mid1 - incr, color = mid1 != mid1[1] ? na : red, title="b1", style=line, linewidth=2)


    mid2:=mid1
    if lowest(low, lookbackWin) <= (mid2 - incr)
    mid2:= lowest(low, lookbackWin)

    m2 = plot(mid2, color = mid2 != mid2[1] ? na : red, title="m2", style=line, linewidth=2)
    t2 = plot(mid2 + incr, color = mid2 != mid2[1] ? na : red, title="t2", style=line, linewidth=2)
    b2 = plot(mid2 - incr, color = mid2 != mid2[1] ? na : red, title="b2", style=line, linewidth=2)



    Regards,
    Jag
    Attached Thumbnails Attached Thumbnails All about Murrey_Math &amp; Variant-murraymath-pic.png  

  2. #12
    Administrator newdigital's Avatar
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    Quote Originally Posted by jagadish123 View Post
    Hi ND/Igor,

    I found one indicator on TradingView which shows very good results. Is it possible to have this in MT4 ?

    ...
    Yes, I asked Igorad to look at/for this indicator.
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  3. #13
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    Thanks ND.

    Quote Originally Posted by newdigital View Post
    Yes, I asked Igorad to look at/for this indicator.

  4. #14
    Senior Member
    Join Date
    Jul 2014
    Posts
    779
    Hi ND,

    I know Igor is loaded with tasks, but request to keep in queue ..... just a gentle reminder.

    Please...

    Regards,
    Jag

    Quote Originally Posted by jagadish123 View Post
    Hi ND/Igor,

    I found one indicator on TradingView which shows very good results. Is it possible to have this in MT4 ?

    Please.

    https://www.tradingview.com/script/l...y-Math-Levels/

    //@version=3


    // LAX Murrey Math Levels
    // Copyright by RJ 4/2018
    // Specify a starting price, then an interval and Lookback window.
    // The indicator will then plot a moving window of murrey math levels.


    study(title="LAX Murray Math Levels", shorttitle="LAX_MML", precision=5, overlay=true)


    //Inputs
    stPrice = input(1.2300, minval=1, title="StartingPrice")
    pipInterval = input(125, minval=1, title="Interval in Pips")
    lookbackWin = input(64, minval=28, title="Lookback window")


    //Calculate precision
    mult = .00001
    incr = pipInterval * mult
    mid1 = 0.0000
    top1 = 0.0000
    bot1 = 0.0000
    mid2 = 0.0000
    top2 = 0.0000
    bot2 = 0.0000


    decimals = abs(log(syminfo.mintick) / log(10))
    if decimals == 3
    mult = .001

    //plot(series=decimals, color=blue)


    if barstate.isfirst
    mid1:=stPrice
    else
    if highest(high, lookbackWin) >= (mid1 + incr)
    mid1:= highest(high, lookbackWin)

    //Plot
    m1 = plot(mid1, color= mid1 != mid1[1] ? na : red, title="m1", style=line, linewidth=2)
    t1 = plot(mid1 + incr, color = mid1 != mid1[1] ? na : red, title="t1", style=line, linewidth=2)
    b1 = plot(mid1 - incr, color = mid1 != mid1[1] ? na : red, title="b1", style=line, linewidth=2)


    mid2:=mid1
    if lowest(low, lookbackWin) <= (mid2 - incr)
    mid2:= lowest(low, lookbackWin)

    m2 = plot(mid2, color = mid2 != mid2[1] ? na : red, title="m2", style=line, linewidth=2)
    t2 = plot(mid2 + incr, color = mid2 != mid2[1] ? na : red, title="t2", style=line, linewidth=2)
    b2 = plot(mid2 - incr, color = mid2 != mid2[1] ? na : red, title="b2", style=line, linewidth=2)



    Regards,
    Jag

  5. #15
    Administrator newdigital's Avatar
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    Quote Originally Posted by jagadish123 View Post
    Hi ND,

    I know Igor is loaded with tasks, but request to keep in queue ..... just a gentle reminder.

    Please...

    Regards,
    Jag
    Yes, I reminded to Igorad now.
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  6. #16
    igorad
    Guest
    Quote Originally Posted by jagadish123 View Post
    Hi ND,

    I know Igor is loaded with tasks, but request to keep in queue ..... just a gentle reminder.

    Please...

    Regards,
    Jag
    Hi Jag,

    Please check out the LAX Murrey Math Levels indicator.

    Attachment 40059


    Regards,
    Igor
    mosiskv likes this.

  7. #17
    Senior Member
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    Jul 2014
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    Great Thanks.... Igor. Words are not sufficient to praise you!!!

    See the attached screen shot, with SL of 1.30 points($6.50) and TP 30 pts in ES# which comes to $1500 for 1 lot(margin $400).

    Thanks ND too...!!

    Regards,
    Jag

    Quote Originally Posted by igorad View Post
    Hi Jag,

    Please check out the LAX Murrey Math Levels indicator.

    Attachment 40059


    Regards,
    Igor
    Attached Thumbnails Attached Thumbnails All about Murrey_Math &amp; Variant-murraymath-es.png  

  8. #18
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    Lisbon
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    13
    Hi jagadish12,

    What TF do you use? You enter with the Arrow (what indicator is that)?

    Thanks
    twix

  9. #19
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    This can work on any TF, accordingly SL/TP will be different. Arrow is manually drawn, as soon as the candle/s touching the levels, I buy/sell abv/below high or if inside bar happned at big TF then thats a good R:R. Please try properly before Real trade.

    I do mainly on M1 and book 2-3pts.

    Quote Originally Posted by twix View Post
    Hi jagadish12,

    What TF do you use? You enter with the Arrow (what indicator is that)?

    Thanks
    twix
    twix and mosiskv like this.

  10. #20
    member mql5's Avatar
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    Analyzing charts using DeMark Sequential and Murray-Gann levels

    The article provides several examples of hypothetical trades that could have happened if I had encountered the necessary conditions shown in the images below. ;-) The terminal time is GMT+3, quotes - MetaTrader 5, MetaQuotes-Demo.
    more...
    Metatrader 5 / Metatrader 4 for MQL5 / MQL4 articles preview preview
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