Murray Mathematical Line for Current Bar - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
Vladislav Goshkov (VG)
Famous theorist Thomas Henning Murrey is well known in the modern trading world. It was he who adapted the theories of the legendary William Gann to make them easier to understand. Murray created his famous mathematical line principle based on Gann's "Square of Nine" diagram. These lines have proven to be an effective and widely used tool for predicting changes in market trends.
The idea of the Murray Line can be simply described as follows: Divide the range into 8 equal parts (regions) and generate two additional outer regions above and below. Areas are divided into lines.
Line description (daily chart):
The indicator was first implemented in MQL4 and published in the code base of mql4.com on October 12, 2007.
Attachment download
📎 mmlevls_vg.mq5 (13.3 KB)
Source: MQL5 #462
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