NexusFi: Find Your Edge


Home Menu

 





Murrey Math


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Big Mike with 36 posts (150 thanks)
    2. looks_two Zambi with 15 posts (4 thanks)
    3. looks_3 bobc with 10 posts (6 thanks)
    4. looks_4 Lmess with 10 posts (0 thanks)
      Best Posters
    1. looks_one joehickle with 6 thanks per post
    2. looks_two Big Mike with 4.2 thanks per post
    3. looks_3 Prtester with 1.4 thanks per post
    4. looks_4 eDanny with 0.7 thanks per post
    1. trending_up 223,973 views
    2. thumb_up 219 thanks given
    3. group 91 followers
    1. forum 253 posts
    2. attach_file 73 attachments




 
Search this Thread

Murrey Math

  #31 (permalink)
 
Todd's Avatar
 Todd 
Alpharetta, GA
 
Experience: Intermediate
Platform: ninja
Broker: Mirus / Zenfire
Trading: ES
Posts: 234 since Jun 2009
Thanks Given: 28
Thanks Received: 40

RJay,

I have renko bars but what are "renkomedium" bars?

Todd

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Are there any eval firms that allow you to sink to your …
Traders Hideout
Deepmoney LLM
Elite Quantitative GenAI/LLM
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
36 thanks
NexusFi site changelog and issues/problem reporting
25 thanks
GFIs1 1 DAX trade per day journal
19 thanks
The Program
18 thanks
  #32 (permalink)
 
RJay's Avatar
 RJay 
Hartford, CT. USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG, Kinetick
Trading: RTY
Posts: 682 since Jun 2009
Thanks Given: 757
Thanks Received: 787

The bottom line is on top?????

The market has moved so far today murrey math has the bottom line on top?????

It is... it really is... top line says bottom of trading range.

See Attachment,

Rjay

Attached Thumbnails
Click image for larger version

Name:	Murrey Math 2.jpg
Views:	806
Size:	192.0 KB
ID:	355  
Reply With Quote
  #33 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,398 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537



RJay View Post
The bottom line is on top?????

The market has moved so far today murrey math has the bottom line on top?????

It is... it really is... top line says bottom of trading range.

See Attachment,

Rjay

The "lowest" MML goes is -2/8 (Extreme OS -2/8). You are nearing it in that screen shot.

"Bottom of trading range" I think is what you are referring to here (the top line in your screenshot). The trading range is defined as 3/8 to 5/8, where price is 43% of the time.

Also, you might benefit from recalculating the MML's hourly (is option in indicator panel).

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #34 (permalink)
tortexal
Panama!
 
Posts: 44 since Jun 2009
Thanks Given: 1
Thanks Received: 24

Here's a look at some of this from today on the 5m:




Reply With Quote
  #35 (permalink)
 
suchen's Avatar
 suchen 
US
 
Experience: Intermediate
Platform: NT
Trading: 6e & ES
Posts: 28 since Jun 2009
Thanks Given: 28
Thanks Received: 3

hey guys,

thanks to all you for your input regard the MML. I've been playing around for the past few days and am really seeing the importance of the MML along with other indicators!!!

I just wanted to ask from the others using the MML, @ time frames have you found the MML the most useful (i.e. 60min chart)


for ZN & 6E charts!!


for me:

6E...MML on 4181 volume charts have been pretty good
ZN...MML on 10946volume charts have been pretty good

thanks in advance for your responses!!!

-suchen

Reply With Quote
  #36 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,398 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537


suchen View Post
I just wanted to ask from the others using the MML, @ time frames have

I think you already know mine, so hopefully you'll get some more responses from other people.

For ZN I use a 6765v for my big chart, and for ES a 10946v. I am also playing with Renko charts, and for ZN it would be 3 tick renko, for ES 4 tick renko. I have to admit I am leaning towards the renko charts to replace my big volume charts.

I only have MML on my big chart.

I also have it set to recalculate MML's hourly. That can make a big difference, so try it both ways.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #37 (permalink)
 
Poocher's Avatar
 Poocher 
Los Angeles
 
Experience: Beginner
Platform: SC, MT,
Broker: Forex
Trading: Forex
Posts: 302 since Jun 2009
Thanks Given: 362
Thanks Received: 109

I have mine set to hourly also on 3,5,8 and 12 range gbp/usd charts.

Just started using it a few days ago but so far seems to show significant support and resistance areas.

Reply With Quote
  #38 (permalink)
 
wh's Avatar
 wh 
Neubrandenburg, Germany
 
Experience: Advanced
Platform: R
Trading: Stocks
Posts: 538 since Jun 2009
Thanks Given: 298
Thanks Received: 512

i look at 1 minute and four minute for hourly, 16 minute for daily, 32 minute for weekly and 4 hours for monthly on eurusd ... sometimes is eurusd flat i look gbp currencies they work fine for hourly mml ...

wh

imo mml works better on time based data, with the exception of hourly and range ...

Reply With Quote
  #39 (permalink)
 
wh's Avatar
 wh 
Neubrandenburg, Germany
 
Experience: Advanced
Platform: R
Trading: Stocks
Posts: 538 since Jun 2009
Thanks Given: 298
Thanks Received: 512


Poocher View Post
I have mine set to hourly also on 3,5,8 and 12 range gbp/usd charts.

Just started using it a few days ago but so far seems to show significant support and resistance areas.

look at 8 and 16 only ...

Reply With Quote
  #40 (permalink)
 
suchen's Avatar
 suchen 
US
 
Experience: Intermediate
Platform: NT
Trading: 6e & ES
Posts: 28 since Jun 2009
Thanks Given: 28
Thanks Received: 3


thanks Mike for your response!

quick question, how do have it to recalculate on the hourly chart, is that an enhancement you made for your own MML?

Reply With Quote




Last Updated on June 21, 2021


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts