OPEN-SOURCE SCRIPT
Updated Murrey Math Lines
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 creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.