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the MEF entry indicator prints wrong colors when set to false on calc what custom regression are you useing and or can you help me fix this one ivan the one who posted it has not responded i dont know if he has benn one since 2010
All these indicators I'm seeing in the thread only have the horizontal price lines. One of the reasons everyone is struggling with the application of Murrey Math principles is the price is only a part of the trading decision. You must also include the time lines (which I have not seen on any of the indicators), or the speed lines, or any of the other components.
Sure. I'm attaching something from my first training with Murrey in '98. This is his EOD software back then. Here you will see an example of how time is divided into 1/8ths, just as price is (the MML everyone seems to be familiar with).
The division of time helps also to then measure the speed-you might refer to this as slope-and also to provide a relative benchmark for the meaningfulness of the movement in price. As an example, a 7/8th move is significant, but not if it happens in 7/8th time.
There are some other factors at play, e.g., the tendency of reversals off of certain time lines, and of course, the circles of resistance. Movement of the security will tend to avoid those circles of resistance.
This is an example of what is known in logic as a "red herring". As I pointed out in my original post, trading with Murrey Math cannot be reduced to merely price lines, nor can you prove anything by anecdote.
I would grant that understanding all of the rules of MM, or applying them consistently in a market, is more difficult than the typical strategy peddled to traders. But then, most of the strategies peddled don't really work.