Murrey math support and resistance level

Murrey Math basic support and resistance level: like the pivot point, it generates the essential support and resistance level.

+ 2/8ths = This market is too high and needs monitoring closely. + 1/8ths = OverBought (Too high on enthusiasm) Top 8/8ths = Upper end of the Octave (wants to stay in here) 7/8ths = Weak Fast Reverse Line 6/8ths = Pivot Reverse Line 5/8ths = Upper Trading Range (Comfortable trading in here) 4/8ths = 50% = hardest to break through (up or down) the 1st Time 3/8ths = Lower Trading Range (Comfortable trading in here) 2/8ths = Pivot Reverse Line 1/8ths = Weak Fast Reverse Line Zero/8ths = Lower End of Octave (wants to stay in here) - 1/8ths = Oversold (Too Low on enthusiasm) - 2/8ths = This market is too Low and needs monitoring closely.

The two Murrey strategies are recommended:

+ Buy at 1/8 close at 4/8 or Buy at 0/8 close at 2/8

+ Sell at 7/8 close at 4/8 or Sell at 8/8 close at 6/8

For detail strategy, you can refer this one: Murrey math rule.pdf

You can download the indicator for MT4 platform here: Murrey_Math_Line_X_eng.mq4

And find other versions in my forex indicators collections