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 0.25. The code needs to be updated, to automate the fractal line glitches for other ratios, Planned for future update.

Good Luck and Enjoy the Colorful Oscillator. Please keep your suggestions flowing. Lets make it better.

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 0.25. The code needs to be updated, to automate the fractal line glitches for other ratios, Planned for future update.

Good Luck and Enjoy the Colorful Oscillator. Please keep your suggestions flowing. Lets make it better.

// Created & Developed by Ucsgears, based on Murrey Math Line Principle // Version 2 - March, 12 - 2015 study(title="UCS_Murrey's Math Oscillator", shorttitle="UCS_MMLO", overlay=false, precision = 2) // Inputs length = input(100, minval = 10, title = "Look back Length") mult = input(0.125, title = "Mutiplier; Only Supports 0.125 = 1/8") lines = input(true, title= "Show Murrey Math Fractals") bc = input(true, title = "Show Bar Colors Based On Oscillator") // Donchanin Channel hi = highest(high, length) lo = lowest(low, length) range = hi - lo multiplier = (range) * mult midline = lo + multiplier * 4 oscillator = (close - midline)/(range/2) a = oscillator > 0 and oscillator < mult*2 b = oscillator > 0 and oscillator < mult*4 c = oscillator > 0 and oscillator < mult*6 d = oscillator > 0 and oscillator < mult*8 z = oscillator < 0 and oscillator > -mult*2 y = oscillator < 0 and oscillator > -mult*4 x = oscillator < 0 and oscillator > -mult*6 w = oscillator < 0 and oscillator > -mult*8 colordef = a ? #ADFF2F : b ? #32CD32 : c ? #3CB371 : d ? #008000 : z ? #CD5C5C : y ? #FA8072 : x ? #FFA07A : w ? #FF0000 : blue plot (oscillator, color = colordef, title = "Murrey Math Oscillator", style = columns, transp = 60) plot(0, title = "Zero Line", color = gray, linewidth = 4) plot(lines == 1 ? mult*2 : na, title = "First Positive Quadrant", color = gray, linewidth = 1) plot(lines == 1 ? mult*4 : na, title = "Second Positive Quadrant", color = gray, linewidth = 1) p3 = plot(lines == 1 ? mult*6 : na, title = "Third Positive Quadrant", color = gray, linewidth = 2) p4 = plot(lines == 1 ? mult*8 : na, title = "Fourth Positive Quadrant", color = gray, linewidth = 1) plot(lines == 1 ? -mult*2 : na, title = "First Negative Quadrant", color = gray, linewidth = 1) plot(lines == 1 ? -mult*4 : na, title = "Second Negative Quadrant", color = gray, linewidth = 1) p2 = plot(lines == 1 ? -mult*6 : na, title = "Third Negative Quadrant", color = gray, linewidth = 2) p1 = plot(lines == 1 ? -mult*8 : na, title = "Fourth Negative Quadrant", color = gray, linewidth = 1) fill (p1,p2, color = orange) fill (p3,p4, color = lime) // Bar Color Oversold and Overbought bcolor = bc == 1 ? colordef : na barcolor(bcolor)

Thank you for the script ucsgear the hardest part was done ;)

Alexis N

Great indicator ucsGEARS!

Would you happen to have this indicator for MT4?

Thanks!