Murray Math Line VertexFX Indicator

trading strategies and money management discussion, code, results

Moderator: moderators

verdesolution
rank: <50 posts
rank: <50 posts
Posts: 3
Joined: Thu Nov 01, 2018 11:58 am
Reputation: 0
Gender: None specified

Murray Math Line VertexFX Indicator

Postby verdesolution » Thu Nov 01, 2018 12:03 pm

Murrey Math Lines F2 is a VertexFX indicator used to identify Support and Resistance levels and use these levels to trade breakouts and reversals.
This indicator was created by T. Henning Murrey, and uses concepts of Gann charts. It comprises of 9 equidistant horizontal levels calculated from the Lowest Low to the Highest High over the recent P bars. The levels are 0/8, 1/8, 2/8, 3/8, 4/8, 5/8, 6/8, 7/8 and 8/8. 0/8 is the oversold line and 8/8 the overbought line; these are the hardest lines to cross and around 75% of the time, the crossing triggers price reversal. The range between 3/8 and 5/8 is the normal trading range and price tends to consolidate at these levels before falling (3/8 line) or rising (5/8) beyond this trading range.
Attachments
3 murray.png
3 murray.png (31.61 KiB) Viewed 222 times
3 Murrey Math Lines F2.zip
(6.33 KiB) Downloaded 20 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “strategy trading & money management”