Friday, April 10, 2009

Murray Maths

Murray Maths is a very complicated technique involving complex calculations. It involves dividing price and time into octaves and coming up with supports and resistances based on that. Thankfully for us, we need not understand what goes on behind the scenes and we need not know how it is calculated. We have a very good MM level indicator which draws the MM levels for us.

It draws the levels by choosing the highs and lows of the current chart and diving that into octaves. Since the indicator chooses the current chart, the MM levels vary according to the time frame of the chart. Of course, the MM levels in chart of higher TFs are much stronger SR than those on smaller TFs. For the indicator and PDF on MM levels, please refer the thread on FF.

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