Murray Math Levels several oktavs for MT5
The indicator is calculated and output to the level of graphics Murray.
This version is similar to the version for MT5 MT4:
Allows you to build on one chart to 4 octaves inclusive, using data from different timeframes, that allows us to estimate the ratio of trends and investment horizons of different orders. Unlike MT4 version – automatically selects based search algorithm for calculating the range.
Significance levels can be obtained through the call handling user iCustom () function;
In each octave 13 levels. Total 4 52 octaves of test buffer.
- 0 corresponds to the buffer level +2/8 octave index P0
- 12 corresponds to the buffer level -2/8 octave index P0
- 13 corresponds to the buffer level +2/8 octave index P1
- Buffer 25 corresponds to the -2/8 level octave index P1
- and so on ….
- Buffer 52 corresponds to the -2/8 level with P3 octave index
It displays his testimony on historical data. Free version, freely available with variations of different authors on the history draws readings calculated at the current bar, which does not allow to use it for the correct analysis of price movements in the past and makes it difficult to determine the probability of the direction of price movement in the current price range.
There is a version showing its value in history, the correctness of which is unknown to me.
To facilitate the operation of the indicator the number of bars on the history of limited – option BarsCNT – default 150 bars.
To study the behavior history on display in the manual mode shift parameter introduced StepBack, that allows a specified number of readings of the indicator on the history of not only build on the current bar.
Attention! In this version of the indicator improved by selecting ranges for the construction of octaves.
The default indicator is set for intraday trading with construction levels-hour range, allowing it to properly use all intrahour ranges. If necessary, use the indicator on the older timeframes will be automatically selected timeframe of the current chart or the need to manually set the desired time frame for the construction of the octave bands greater than the current chart timeframe.
Change the settings, the default only if you are confident in their actions. parameters set by default for the majority of trading strategies are optimal.
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