Murray math levels

Murray math levels

The Murrey Math lines levels are determined within some principles of Gann levels and candlesticks formations. The Murrey Math levels act pretty much like pivot and support/resistance areas.

1. Line 8/8 – 0/8 (Ultimate Support and Ultimate Resistance).
Those lines are the most strong concerning Support and resistance.

2. Line 7/8 (Weak, Place to Stop and Reverse).
This line is weak. If suddenly the price was going too fast and too far and stops around this line it means the price will reverse down very soon. If the price did not stop near this line this price will continue the movement to the line 8/8.
3. Line 1/8 (Weak, Place to Stop and Reverse).
This line is weak. If suddenly the price was going too fast and too far and stops around this line it means the price will reverse up very soon. If the price did not stop near this line this price will continue the movement down to the line 0/8.

4. Line 2/8 and 6/8 (Pivot, Reverse)
Those two lines yield the line 4/8 only to the strength to reverse the price movement.

5. Line 5/8 (Top of Trading Range)
The price is spending the about 40% of the time on the movement between the lines 5/8 and 3/8. If the price is moving near line 5/8 and stopping near the line during the 10 – 12 days so it means that it is necessary to sell in this “bonus zone” (some people are doing like this) but if the price is keeping the tendency to stay above 5/8 line, so it means that the price will be above. But if the price is droping below 5/8 line it means that the price will continue falling to the next level of resistance.

6. Line 3/8 (Bottom of Trading Range).
If the price is below this line and in uptrend it means that it will be very difficult for the price to break this level. If the price broke this line during the uptrend and staying above during the 10- 12 days it means that the price will be above this line during the 40% of its time moving between this line and 5/8 line.

7. Line 4/8 (Major Support/Resistance Line).
It is the major line concerning support and resistance. This level is the better for the new sell or buy. It is the strong level of support of the price is above 4/8. It is the fine resistance line if the price is below this 4/8 line.

 

 

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials

  1. MonopolyTm • 10/04/2016 #

    Hello, Do you think it is possible to code something similar to the example in the following link?
    https://www.fxstreet.com/analysis/murray-math-analysis-gbp-usd-eur-cad-201707211405

  2. robertogozzi • 10/04/2016 #

    Why HAUT and BAS have been calculated AFTER line 8?
    Shouldn’t they be calculated BEFORE line 6?

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
P. Marlowe Muy bueno. ¿Podría hacerse para señalar extremos por el lado bajista? Lo mismo a la inversa....
Miro Esta es una versión del indicador, para ambos extremos. //-------------------------------...
P. Marlowe Muchas gracias ¡¡
Iván Hi! Yes that's it. The indicator draws the rectangle after close
bacmozbee Congratulations and many thanks for sharing your code Ivan. Clear and customizable.. added t...
Gibban Hi Iván, Thanks for this nice indicator! I am trying to figure out how to use the variable ...
@toniyecla ¡gracias! más capturas aqui: https://www.prorealcode.com/wp-content/uploads/2024/10/IC...
robert123 I had a go at the 'order block' version- badly done I'm sure....but a start. // Sonarlabs ...
robert123 take ''sens1 = 5'' out and put ''rango'' in as variable
@toniyecla y más opciones: añade una línea también en sesiones EUROPA y USA (configurable) y un texto o...
@toniyecla // Author: toniyecla - contact@rescommunesomnium.com // VARIABLES // EspHorarioVerano (b...
Schizophunk Hola Toni, Muchas gracias por el indicador. Estos dias he estado utilizandolo y me ha surgid...
Alai-n Hello, take a look at this formulation made by "Blade106", Topic link attached post #227334....
@toniyecla ¡interesante acercamiento! (no lo conocía, simplemente tuve la necesidad y lo programé) pers...
Iván
8 months ago
mortezaali14 Bonjour, qu'est-ce qu'un fichier itf ? Comment ça marche ?
mortezaali14 Hola, ¿qué es un archivo itf? ¿Cómo funciona?
Stenozar Hi Ivan, I can visualize only the central orange line but not the others, do you know why?...
MaoRai54 dear Ivan, it seems to be very interesting but please clarify what are all the lines I see i...
Iván Hi! you have the answer in the last line of code... MacdMiddle as "histo" style(histogra...
kats Le Top , a utiliser avec le nuage violet et alerte TN pour plus de précision.
roccafragius Hello Ivan, another great Indicator, very useful to trace the trend ( blue line) and the pos...
Iván Hi! yes. You can ask for it here: https://www.prorealcode.com/free-code-conversion/
roccafragius Thank you so much Ivan! I created this request in english Translate from TradingView Indicat...
ipbvba Hello, Is it possible to have a screener for the various buy and sell signals?
Regisnew très bel indicateur merci
jordan //---settings MAmode=0 Period=150 NumberOfMA=100 //---end of settings MA2=undefined ...
jordan dites moi si cela correspond à ce que vous cherchez
kats bonjour merci de ta reponse mais non ca fonctionne pas sympa quand même d'avoir essayé cdlt
Jean2139 Bonjour Yvan, Merci pour ton indicateur que je trouve très intéressant. Je suppose que tu ...
Suffi Hier eine kleine Korrektur: //-----Inputs-----------------------------------------// MALengt...
Iván Hola. Sí se puede, tendrás que hacerlo programando. Así, eliminando toda la parte de código ...
Cyril18 Thank you Ivan, great job Would it be possible to add in the sript the possibility of conne...
Jrmjrm Bonjour, pourriez vous m'aider pour la commande suivante (je n'arrive pas à call l'indicateu...
Iván
11 months ago
Iván Hola javier gracias! es importante realizar buenos backtest antes de lanzarse al mercado y ...
achel I have an error with "fillcolor" - How to solve this? / J'ai une erreur avec "fillcolor" - C...
Iván Hi! This is because you are not with V12. Just delete fillcolor
Patriot1972 Ciao Ivan, avevo bisogno di chiarimenti sul funzionamento del tuo indicatore: cosa segnala q...
teshmi9z Hola, ¿es posible detectar cuándo el precio regresa a la zona del 61 al 88 % de Fibonacci y,...
NicoGB67 Hola Iván, estoy usando desde hace poco este indicador y a veces cuando estoy esperando un n...
Iván Hola. El comportamiento es normal porque el último fibo es provisional por lo tanto se puede...
elcortijoverde Gracias Iván,...sigo tus videos en Youtube. Ya estoy con la V12 y se descarga, pero algo est...
elcortijoverde Bueno, ya aparecen las velas, pero ahora, cada fin de vela aparece un nuevo pronóstico y no ...
Roger Gracias por compartir, pero no tengo ninguna predicción. @Ivan @elcortijoverde ¿qué modifica...

Top