Murreys Math Oscillator is a market direction oscillator with Murray levels.
The indicator has three input parameters:
- Period – calculation period
- Multiplier – multiplier for adjusting levels to the current state of the oscillator chart
- Show levels – display Murray levels (Yes/No)
Calculation:
MMO = 2.0 * (Close-Mid)/Range
where:
Mid = Min+Multiplier * Range * 4.0 Range = Max-Min Min,Max – the lowest and the highest prices in the Period range
MT5 Indicators – Download Instructions
Murreys Math Oscillator MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
Murreys Math Oscillator MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies
Recommended Forex MetaTrader 5 Trading Platforms
#1 – XM Market
- Free $50 To Start Trading Instantly! (Withdrawable Profit)
- Deposit Bonus up to $5,000
- Unlimited Loyalty Program
- Award Winning Forex Broker
- Additional Exclusive Bonuses Throughout The Year
>> Claim Your $50 Bonus Here <<
Click Here for Step-By-Step XM Broker Account Opening Guide
#2 – Pocket Option
- Free +50% Bonus To Start Trading Instantly
- 9.6 Overall Rating!
- Automatically Credited To Your Account
- No Hidden Terms
- Accept USA Residents
How to install Murreys Math Oscillator MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download Murreys Math Oscillator MT5 Indicator.mq5
- Copy Murreys Math Oscillator MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on Murreys Math Oscillator MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Murreys Math Oscillator MT5 Indicator.mq4 is available on your Chart
How to remove Murreys Math Oscillator MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Murreys Math Oscillator MT5 Indicator (Free Download)
Click here below to download:
