OPEN-SOURCE SCRIPT
Murrey Math Lines
Updated
Murrey Math Lines
Release Notes
bugs fixedRelease Notes
updated Nanda86Sürüm Notları: Added alerts "When price crosses any MM levels" and also added alert when octaves changes during the course of the day and other minor code updates..
Release Notes
[+3/8]P – Imminent Bearish reversal[+2/8]P – Extreme Overshoot conditions, can reverse anytime
[+1/8]P – Overshoot conditions
[8/8]P – Ultimate resistance, extremely overbought conditions
[7/8]P – Weak level, place to stop and reverse
[6/8]P – Strong pivot reverse
[5/8]P – Top of trading range
[4/8]P – Major support/resistance pivotal point
[3/8]P – Bottom of trading range
[2/8]P – Strong, Pivot, reverse
[1/8]P – Weak, place to stop and reverse
[0/8]P – Hardest line to fall below, oversold conditions
[-1/8]P – Oversold conditions
[-2/8]P – Extreme oversold conditions, can reverse anytime
[-3/8]P – Imminent bullish reversal
updated on user recommendation
ZKB_BLANK
In order to facilitate trading MML it would be very beneficial to highlight a few areas by filled background colour
Oversold Zone ([-1/8] - [1/8])
Balance Zone ([3/8] - [5/8])
Overbought Zone ([7/8] - [+1/8])
Release Notes
fixOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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