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The "lowest" MML goes is -2/8 (Extreme OS -2/8). You are nearing it in that screen shot.
"Bottom of trading range" I think is what you are referring to here (the top line in your screenshot). The trading range is defined as 3/8 to 5/8, where price is 43% of the time.
Also, you might benefit from recalculating the MML's hourly (is option in indicator panel).
thanks to all you for your input regard the MML. I've been playing around for the past few days and am really seeing the importance of the MML along with other indicators!!!
I just wanted to ask from the others using the MML, @ time frames have you found the MML the most useful (i.e. 60min chart)
for ZN & 6E charts!!
for me:
6E...MML on 4181 volume charts have been pretty good
ZN...MML on 10946volume charts have been pretty good
I think you already know mine, so hopefully you'll get some more responses from other people.
For ZN I use a 6765v for my big chart, and for ES a 10946v. I am also playing with Renko charts, and for ZN it would be 3 tick renko, for ES 4 tick renko. I have to admit I am leaning towards the renko charts to replace my big volume charts.
I only have MML on my big chart.
I also have it set to recalculate MML's hourly. That can make a big difference, so try it both ways.
i look at 1 minute and four minute for hourly, 16 minute for daily, 32 minute for weekly and 4 hours for monthly on eurusd ... sometimes is eurusd flat i look gbp currencies they work fine for hourly mml ...
wh
imo mml works better on time based data, with the exception of hourly and range ...