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3 juillet 2010 6 03 /07 /juillet /2010 09:00

Murrey Math Lines

Calculates Support and Resistance Levels using Murrey Math Lines over a number of P Periods definable by the user (the standard is 64 periods).


- + 2/8 Extremely overbought (black)
- +1/8 Overbought (black)
- 8/8 Ultimate Resistance (blue)
- 7/8 Weak, Stall and Reverse (yellow)
- 6/8 Pivot, Reverse (red)
- 5/8 Top of Trading Range (green)
- 4/8 Major Support/Resistance (blue)
- 3/8 Bottom of Trading Range (green)
- 2/8 Pivot, Reverse (red)
- 1/8 Weak, Stall and Reverse (yellow)
- 0/8 Ultimate Resistance (blue)
- Negative 1/8 Oversold (black)
- Negative Extremely Oversold (black)

Used mainly with equity and forex markets.
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