Experimental:
modifications includes 2 extra channel types to read volatility's range.
this is a update and modification to the Murrey's Math Lines Oscillator published by UCSgears here:
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...
I'm publishing my second script, though nothing extraordinary, I believe there is user group for Murry Math indies and the only "proper one" (According to my usage) I found was of RicardoSantos, here is the link :
He developed that script in 2014 and it is in need of update to Pine V4 and I'm...
This is a new indicator release, Using the principle of Murrey Math Line Trading Systems. It will be easier for someone to add alerts on an oscillator rather than a overlay.
Currently, I did add some aesthetics for those who like to view different colors, can be turned off.
Oscillator Color Definition -
Green = Above MidLine
Red = Below Midline
Blue = Below...
LAX Murrey Math Levels
Specify a starting price, then an interval and Lookback window.
The indicator will then plot a moving window of murray math levels.
HOW IT WORKS
Creates two murrey math oscillators (hidden) one with 256 length another with 32 length and compare each other.
WHAT GIVE ME THIS SCRIPT
The script can give you very valuable information:
- Main Trend
- Pullbacks detections
- Extreme overbought oversold prices alerts
- Divergences
- Any timeframe usage
REFERENCES OF USAGE
Main Trend...
(use V1.1 now See links below)
GRaB candles and a murrey math "midline" in one script.
Some traders using methods of Rob Booker (40% club, trifecta5) like to use both GRaB candles and Murrey Math to combine, or to compare entry and exit moments.
Color of candles are as GRaB candles.
Midline use: Crossing the midline is a change of color in murrey. Candles...
Update v1.1:
GRaB colors now green, red, gray
Added Murrey Range lines.
Cleaned up the code.
GRaB candles and a murrey math "midline" in one script.
Some traders using methods of Rob Booker (40% club, trifecta5) like to use both GRaB candles and Murrey Math to combine, or to compare entry and exit moments.
Color of candles are as GRaB candles.
Midline use:...
![USDRUB: [RS][UCS]Murrey's Math Oscillator Modification](https://s3.tradingview.com/b/b43I4pmV_mid.png "[RS][UCS]Murrey's Math Oscillator Modification")
![USDJPY: [RS]Murrey's Math Lines Channel](https://s3.tradingview.com/p/PhluTmKF_mid.png "[RS]Murrey's Math Lines Channel")
![USDJPY: [RS]Murrey's Math Lines Box](https://s3.tradingview.com/x/x5WKhk0x_mid.png "[RS]Murrey's Math Lines Box")
![EURUSD: [RS]Murrey's Math Lines Smooth Channel](https://s3.tradingview.com/w/WJtpQk8y_mid.png "[RS]Murrey's Math Lines Smooth Channel")
