Murrey Math Line X MT4 indicator - an indicator that shows the pivot line, which definitely help each trader who knows how to trade using the lines of resistance, support and pivot. It shows 8 different lines (subject to the additional lines) on the master schedule, helping you find the best terms for buying, selling and exit positions.
Input parameters:
* P (default = 64) - time in bars or in other periods (ustanavlivyutsya using MMPeriod), which will be calculated through. The lower this number, the "fresh" and the less accurate will be the line.
* MMPeriod (default = 1440) - the reference period in minutes (60 - for the hourly lines, 1440 - daily lines 10080 - 43200 for a week and - for the monthly), and if greater than zero, the indicator will use the P MMPeriod minutes to calculate lines. If zero, the indicator will use the current P bars for their calculations.
* StepBack (default = 0) - shift back to the calculation of the lines (in the current bar or in MMPeriod (if installed) minutes).
* Other options - only affect the visual appearance of lines.
Use Murrey Math Line X - easy. Lines 0/8P and 8/8P lines are the strongest support and resistance - they are very difficult to penetrate. Lines 1/8P and 7/8P - weak lines of support and resistance, but if the price stayed near them, she changed direction. Lines 2/8P and 6/8P - a strong line of turn. 3/8P and 5/8P - Line the bottom and ceiling of the average range of trade is very high probability that the price or probet this range very quickly, or remain in it for long. 4/8P - the most powerful line of support and resistance. You can confidently buy and sell when the price pierces this level. The blue arrow shows the last bar, which was calculated lines.
Download:
Murrey Math Line X in. Zip
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