Indicator +Murrey AllTF: support and resistance levels from all timeframes
The +Murrey AllTF indicator is a multiframe modification of the popular support and resistance levels indicator Murrey Math Line X.
The +Murrey AllTF indicator displays Murray levels, which are support and resistance levels, on the price chart of the currency pair. Unlike the original version, levels are displayed for all available timeframes.
Using the +Murrey AllTF indicator in trading
The levels displayed on the graph are classified as follows:
- 0/8 is the strongest support;
- 8/8 is the strongest resistance;
- 4/8 - strong support/resistance level;
- 2/8 and 6/8 are strong pivot lines.
- 3/8 and 5/8 are the boundaries of the average trading range.
The important thing here is that the 8/8 level is exactly resistanceIn other words, if the price reached the 2/8 level and then went down to the 8/8 one, we shouldn't expect the 8/8 one to be a support for the price movement. The same is true for the 0/8 level.
According to ForTrader.org experts, the +Murrey AllTF indicator, by displaying support and resistance levels from all timeframes, can be used in any trading strategies, positively affecting their effectiveness.
Download indicator +Murrey AllTF
Other level indicators
HOW DO I INSTALL YOUR INDICATOR ON MY PLATFORM?
It's as simple as a rake
Installing a forex indicator or script in the MetaTrader 4 trading platform
not quite clear in your screen it displays and hourly levels, I have set myself nothing like that, if I trade on the charts d1 shows week and month
This is natural. In classical thechanalysis the most important levels of support and resistance are considered not the lower, but the higher timeframes. That is why your D1 charts show the higher levels - W1 and MN.
Is there a possibility that the lower prices would be displayed on the large ones, so as not to switch to smaller ones?
This indicator is an author's one and we took it without any modifications for its description. But perhaps the programmers here can help you: http://forexsystems.ru/yazyk-programmirovaniya-mql4/77226-mql-gospital%60-byvshaya-bol%60nichka-ispravlyaem-oshibki-52.html#post1021950