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An overview of Murray math time frame indicator is discussed for MT4 platforms to help traders in making trading decisions based on support and resistance levels. The indicator is derived from Murray’s mathematical principles and Gann’s geometry system. It divides the chart into 1-8 increments, with important pivot points at 0-8, 4-8, and 8-8 levels. The Murray math line support and resistance indicator for MT4 tells traders what stage a trend is currently in and helps them adjust their trading style accordingly. The pullback movement of price after every 1-8 of its move behaves like support and resistance.
Overview of the Murray Math Time Frame Indicator for MT4 Platforms
If you’re a trader in the financial markets, you are probably familiar with the popular MetaTrader 4 (MT4) platform. One of the advantages of MetaTrader 4 is the MQL4 language, which enables coders to create their own indicators for trading bearish and bullish markets.
One such indicator is the Murray math time frame indicator for MT4. This article will provide an overview of this indicator and how you can use it to help you make trading decisions.
Murray’s Mathematical Principles for MT4
The Murray math time frame indicator for MT4 is based on Murray’s mathematical principles for support and resistance levels. These important price levels or zones can offer you information as to whether the current market will continue its trend or reverse towards the other direction.
Murray based his mathematical principles on the Gan Theory by WD Gann. Through his extensive research work, he developed a geometry system enabling the indicator to describe the movements of the market based on time.
The core principle of Murray’s strategy is that the movement of the market retraces in aids or octaves. There are different multiples starting from zero-eight to eight-eighths. As such, you will time your entries and exits based on these retracements divided into multiples of 1-8s.
Using the Murray Math Time Frame Indicator for MT4
The Murray math time frame indicator for MT4 can be used on different markets, asset classes, and instruments. This indicator can also be used on different time frames, including daily, weekly, and monthly time periods.
As you can see in the charts below, the Murray math time frame indicator for MT4 divides the chart into horizontal lines. These lines are based on complex calculations that divide the movements of the price into 1-8 increments. These 1-8 increments divide the chart into eight different pivot points, having different meanings that you can attach to trading the markets.
The most important pivot points or levels to look at are 0-8, 4-8, and 8-8 levels. There are nine main lines or pivot points in the chart above, from 0-8 to 8-8 divided into increments of 1-8. In addition, there are four pivots that show overbought and oversold conditions of the market.
Meanings of the Pivot Points
Knowing the meaning of these lines is important to learn how to trade using the Murray math time frame indicator for MT4. The meanings of the pivot points are as follows:
• Murray Math Time Frame Buy or Bullish Signal
• Plus 2-8 Extreme Overshoot
• Plus 1-8 Overshoot
• 8-8 Ultimate Resistance
• 7-8 Weak Stall and Reverse
• 6-8 Pivot Reverse Major
• 5-8 Top of Trading Range
• 4-8 Major Support/Resistance
• 3-8 Bottom of Trading Range
• 2-8 Pivot Reverse Major
• 1-8 Weak Stall and Reverse
• 0-8 Ultimate Resistance
• 1-8 Overshoot
• 2-8 Extreme Overshoot
• Murray Math Time Frame Buy or Bullish Signal
If the price is at the zero-eight to minus two-eighths levels, it means the instrument is oversold. Thus, we are poised for a reversal of the downtrend. As such, we can buy at the zero-eight level or use additional indicators and supports or resistances to help us ascertain a price where a reversal is imminent.
Murray Math Lines Support and Resistance Indicator for MT4
The Murray math lines support and resistance indicator for MT4 is a geometry-based indicator that calculates price movements on a currency or commodity based on a geometric system. This is done by observing price movements across several price levels that then form a map for where the price might get to and how the price might get there.
The Murray math lines support and resistance indicator for MT4 constructs this geometric system of price action based on a set of pivots that consist of support and resistance points in the markets, which are basically price points or areas where the selling has stopped and reversed to buying or where the buying has stopped and reversed to selling.
Advantages of Using the Murray Math Line Support and Resistance Indicator for MT4
The Murray math line support and resistance indicator for MT4 tells a trader what stage a trend is currently in, if the trend will continue or reverse, and for how long the trend will continue. This immediately helps the trader to adjust his trading style and expectations so that he or she can benefit from the trend no matter what stage it is at.
According to Gan, from whom this system was built, the movements of price in a particular market or currency will pull back in significant specific multiples. He specified that these multiples are 0-8, 1-8, 2-8, 3-8 through 8-8. The most important multiples of the levels or pivot points are the 8-8, 4-8, and the zero-eight levels or pivots that represent the most active support and resistance points or zones in price.
Conclusion
As a trader, you should always be on the lookout for new tools to help you make profitable trading decisions. The Murray math time frame indicator for MT4 is one such tool that can help you navigate the markets with greater ease and confidence.
By understanding the meanings of the pivot points and how to use the Murray math lines support and resistance indicator for MT4, you can better time your entries and exits and adapt to changing market conditions. As always, it’s important to backtest any new strategy or tool before implementing it in a real trading scenario.
