The Murrey Math Indicator MT4 is an essential tool for MetaTrader 4, designed to identify key support and resistance levels with precision. This indicator calculates and draws horizontal lines on the price chart, indicating key support and resistance levels that can signal potential price reversals. Key lines include Major Pivotal Point and Ultimate Support/Resistance levels, which often act as key decision points for trade execution. Additionally, it plots Pivot, Reverse lines, Overshoot lines, extremely overbought and oversold lines, and weak stall and reverse lines where price may stall or temporarily reverse. Moreover, the indicator also defines the upper and lower bounds of the current trading range. As a result, traders can accurately identify high-probability entry and exit zones. Furthermore, the indicator is customizable, making it an invaluable asset for traders aiming to identify key support and resistance zones.
This indicator is suitable for traders of all skill levels and across all time frames. It is designed for use with any currency pair and integrates into any forex trading system or strategy, to identify key support and resistance levels.
Indicator Settings
How to Install Murrey Math Indicator MT4
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
