Murrey Math Line X

Category: market_structure, volatility

An implementation of Murrey Math Lines that divides price action into 1/8th intervals to identify primary support, resistance, and pivot points.

Formula

Fractal = f(V_{max}), Range = V_{max} - V_{min}, Octave = Fractal \cdot 0.5^{\lfloor \log_2(Fractal/Range) \rfloor}, Level_{n} = FinalL + n \cdot \frac{FinalH - FinalL}{8} \text{ where } n \in [-2..10]

Inputs

• period (default: 64)
• UpperTimeframe (default: PERIOD_D1)
• StepBack (default: 0)
• LabelSide (default: Left)

See signal primitives and every published strategy that uses Murrey Math Line X on WOBR StrategyVerse.