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Prtester, there is something strange going on in regards of Range bars. I get different lines for different interval settings. To replicate try /NQ and set Range to 5 and then switch to 6. I attached two screenshots to illustrate the problem.
This behavior is kind of expected due to the calculation structure, it uses High?Low from 200 last bars, 200 Bars (5-Range) != 200 Bars(6-Range), hope that explain the issue.
Murrey Math Line X MetaTrader indicator — a pivot line indicator that will definitely help every trader that know how to trade with support, resistance and pivot lines. It displays 8 different lines (with possible additional lines) on the main chart, helping you to find the best points to sell, buy and exit the positions. Input parameters:
P (default = 64) — period in bars or in other periods (set by MMPeriod), on which the lines will be calculated. The lower is the number the more current but less accurate calculations will be.
MMPeriod (default = 1440) — a basic period in minutes (60 — for hourly pivots, 1440 — for daily pivots, 10080 — for weekly and 43200 — for monthly); if greater than zero, indicator will use P amount of MMPeriod minutes to calculate its lines. If zero, indicator will use P amount of the current chart bars to calculate its lines.
StepBack (default = 0) — a shift back for calculating the lines (in the current bars or in number of MMPeriod (if set) minutes).
Other parameters — affect only visual parameters of the lines.
It's easy to use Murrey Math Line X. 0/8P and 8/8P lines are the ultimate resistance and support lines — they are very hard to break. 1/8P and 7/8P lines are weak support and resistance lines, but if the price stopped near them, it will reverse and change direction. 2/8P and 6/8P lines are strong reverse points. 3/8P and 5/8P are the bottom and the top of the average trading range respectively; it is very likely that the price will either pierce this range fast or will remain inside it for a long time. 4/8P is a major support and resistance line; sell and buy when the price crosses it for a certain profit. The blue arrow marks the final calculated bar.
Did Richard give you any indication if he would add the labels or not?
I added the new MML's on top of my EOT MML's. Both sets of MML's seem to auto-adjust over the course of the dya but there are more EOT MML's at the end of the day. Notice in the screenshot, the EOT MML at 69.14 which doesn't have a matching colored MML.
The main question I have is...
Can the labels be "left justified" so they aren't sitting right on top of current price action at the right edge of the chart?
Yes they can be left justified, would require code changes. I'll look into it if I do any more changes, or maybe PrTester will do them. I like using the right margin chart option for them so am in no hurry to change the code.
The EOT version has more options. Some of which I don't understand, so I am not entirely sure of all the differences between them.
I also believe there may be a midnight/new day rollover bug.
Twice now, when I had a chart open prior to midnight and midnight came and went, the pivot lines went missing. The text labels remained, oddly enough.
Refreshing the chart actually does NOT bring the lines back. Now two nights in a row, I went to bed before 1am so I am not sure but I feel pretty certain the lines come back @ 1am because they were there waiting for me when I woke up this morning, without refreshing the chart.