What is Murray Math indicator?

<p>The Murrey math lines indicator adds horizontal support and resistance lines on a price chart, which, as the author believes, are able to hint at reversals. These lines also provide traders with an understanding of the current market tendency and allows them to see whether there is a potential for a trend reversal.</p>

<p id="isPasted">There is no better Forex strategy than the Murrey math trading lines strategy because it can be used for all timeframes, and it can be used to trade different markets like stocks, commodities, and Forex currencies.&nbsp;</p><p>The Murrey Math is a complex system of support and resistance levels that act much like pivot points, but they can also provide insights into whether a trend is likely to continue or reverse. Murrey math was developed by T. Henning Murrey in 1995.</p>

<p>Murray maths and Murray levels are good supports and resistances.... Have seen that these levels work best at 1H charts and above....If you go below 1H charts, these murray levels seems unstable and gets very risky to follow....</p>

<p id="isPasted">The Murrey math lines indicator adds horizontal support and resistance lines to a price chart, which, as the author believes, can point to reversals. In addition, these lines allow traders to understand the current market tendency and determine if a trend reversal is imminent.</p><p>The Murrey math lines are based on William Gann's approach and observations, who was known for his ability to make perfect forecasts using symmetrical patterns and one of the most famous technical analysis tools is the Gann Angle. The author himself had simplified the system and made it clearer and easier for ordinary investors.</p><p>Murrey believes that markets will correct at some particular price levels, breakouts, and returns that provide traders with good signals to open positions. The price must either break the key level or rebound from it, regardless of the current market trend. This will indicate a boost in the actual trend.</p>

<p id="isPasted">It identifies the horizontal support/resistance levels of the price on MT4 charts. The indicator works similarly to Fibonacci retracements and pivot points.</p><p>A Murrey Math Line's price action varies depending on market sentiments and price volatility.&nbsp;</p><p>Usually, the price will respect horizontal lines as support/resistance or treat them as breakout levels. Markets sometimes turn sideways when they reach ultimate support or resistance zones.</p><p>Murrey Math Line believes that the ultimate S/R zones are ideal for placing fresh orders. For instance, you may decide to go long when the price starts heading upwards following a rejection from the support level.</p><p>Besides buy/sell levels, you can also use the Murrey Math Lines for determining Stop Loss and Take Profit zones. &nbsp;</p>