Murrey Math Harmonics for ThinkorSwim

[horserider]

Support/resistance lines computed by Murray math. Similiar to other S/R studies so try it out then choose whatever study works best for you.

# SJ_Murray'sMathHarmonics

#In the study by SJ all lines were cyan. Changed the line colors to what made sense to me so no real significance to line colors. Adjust them as you wish. #Horserider 12/20/2019

input showOnlyToday = yes;

input timeFrame = {default DAY, "2 DAYS", "3 DAYS", "4 DAYS", WEEK, MONTH, "OPTEXP"};
def RangeHigh = high(period = "DAY")[0];
def RangeLow = low(period = "DAY")[0];
def RangeSize = AbsValue(RangeHigh - RangeLow);
def MMLevel8 = 8 / 8;
def MMLevel7 = 7 / 8;
def MMLevel6 = 6 / 8;
def MMLevel5 = 5 / 8;
def MMLevel4 = 4 / 8;
def MMLevel3 = 3 / 8;
def MMLevel2 = 2 / 8;
def MMLevel1 = 1 / 8;
def MMLevel0 = 0 / 8;

def TimeCondition = IsNaN(Close[-1]) and !IsNaN(close[0]);

def MML7 = RangeLow + RangeSize * (MMLevel7);
def MML6 = RangeLow + RangeSize * (MMLevel6);
def MML5 = RangeLow + RangeSize * (MMLevel5);
def MML4 = RangeLow + RangeSize * (MMLevel4);
def MML3 = RangeLow + RangeSize * (MMLevel3);
def MML2 = RangeLow + RangeSize * (MMLevel2);
def MML1 = RangeLow + RangeSize * (MMLevel1);
def MML0 = RangeLow;

plot Level8;
plot Level7;
plot Level6;
plot Level5;
plot Level4;
plot Level3;
plot Level2;
plot Level1;
plot Level0;

if showOnlyToday and !IsNaN(close(period = "DAY")[-1])
then {
Level8 = Double.NaN;
Level7 = Double.NaN;
Level6 = Double.NaN;
Level5 = Double.NaN;
Level4 = Double.NaN;
Level3 = Double.NaN;
Level2 = Double.NaN;
Level1 = Double.NaN;
Level0 = Double.NaN;
} else {
Level8 = RangeHigh;
Level7 = MML7;
Level6 = MML6;
Level5 = MML5;
Level4 = MML4;
Level3 = MML3;
Level2 = MML2;
Level1 = MML1;
Level0 = MML0;
}

Level8.SetDefaultColor(color.RED);
Level8.SetStyle(curve.Short_Dash);
Level8.setLineWeight (4) ;
Level8.HideBubble();

Level7.SetDefaultColor(color.YELLOW);
Level7.SetStyle(curve.Short_Dash);
#Level7.HideBubble();
#AddChartBubble(TimeCondition , MML7, "7/8ths Fast Reversal line: weak",color.yellow, yes);

Level6.SetDefaultColor(color.YELLOW);
Level6.SetStyle(curve.Short_Dash);
Level6.HideBubble();
#AddChartBubble(TimeCondition , MML6, "6/8", color.pink,yes);

Level5.SetDefaultColor(color.CYAN);
Level5.SetStyle(curve.Short_Dash);
Level5.HideBubble();
#AddChartBubble(TimeCondition , MML5, "5/8ths Upper Trading Range: ",color.green, yes);

Level4.SetDefaultColor(color.BLUE);
Level4.SetStyle(curve.Short_Dash);
Level4.setLineWeight (4) ;
Level4.HideBubble();
#AddChartBubble(TimeCondition ,MML4, "4/8", color.cyan, yes);

Level3.SetDefaultColor(color.CYAN);
Level3.SetStyle(curve.Short_Dash);
Level3.HideBubble();
#AddChartBubble(TimeCondition ,MML3, "3/8ths Lower Trading Range: ", color.green, yes);

Level2.SetDefaultColor(color.YELLOW);
Level2.SetStyle(curve.Short_Dash);
Level2.HideBubble();
#AddChartBubble(TimeCondition ,MML2, "2/8", color.pink, yes);

Level1.SetDefaultColor(color.YELLOW);
Level1.SetStyle(curve.Short_Dash);
Level1.HideBubble();
#AddChartBubble(TimeCondition ,MML1, "1/8ths Fast Reversal line: weak", color.yellow, yes);

Level0.SetDefaultColor(color.GREEN);
Level0.SetStyle(curve.Short_Dash);
Level0.setLineWeight (4) ;
Level0.HideBubble();
#AddChartBubble(TimeCondition ,MML0, "0/8", color.cyan, yes);

 

[horserider]

 

[Antares66]

I also noticed that changing the time frame to daily, weekly, monthly has no effects. The indicator stays unchanged.
Does someone know why? It would be nice to use it on a higher timeframe.
Thanks

 

[tomsk]

The study as written is based on a daily aggregation. Hence any chart you load most have aggregation periods of daily or less.
I have previously written on secondary aggregations, here is the link to read more about it

https://usethinkscript.com/threads/...s-mtf-labels-for-thinkorswim.1129/#post-10157

 

[Rhatten]

Thats not MMLs... MML its calculated based on bar count (on time based bars.. ie 64bars, 128, 256, 512bars and on a 15min, 1hour, 4hour, Daily ,weekly etc) and is user defined... Plus there are additional levels (+1/8, +2/8, -1/8, -2/8) and is calculated relative to swing pivots (not just today's or yesterdays range)... This is not even close...

 

[horserider]

@Rhatten I believe you are correct. It was done by somebody named SJ so not sure why he coded it that way. I find it difficult to see how someone could use it. It is finding the high and low and filling the range with the levels.

 

[bobomatic]

Found this on the internets.. might be a true model of the indicator but not sure. I'm playing with it for now. Trying to figure out how to get the S/R labels to the left side of the chart. If you developer guru's can take it to another level, have at it.... Muchas Gracias.

https://imgur.com/a/3WHosfj

Code:

# SJ_Murray'sMathHarmonics
def showOnlyToday = yes;
def RangeHigh = high(period = "DAY")[0];
def RangeLow = low(period = "DAY")[0];
def RangeSize = AbsValue(RangeHigh - RangeLow);
def MMLevel8 = 8 / 8;
def MMLevel7 = 7 / 8;
def MMLevel6 = 6 / 8;
def MMLevel5 = 5 / 8;
def MMLevel4 = 4 / 8;
def MMLevel3 = 3 / 8;
def MMLevel2 = 2 / 8;
def MMLevel1 = 1 / 8;
def MMLevel0 = 0 / 8;
def TimeCondition = IsNaN(Close[-1]) and !IsNaN(close[0]);
def MML8 = RangeHigh;
def MML7 = RangeLow + RangeSize * (MMLevel7);
def MML6 = RangeLow + RangeSize * (MMLevel6);
def MML5 = RangeLow + RangeSize * (MMLevel5);
def MML4 = RangeLow + RangeSize * (MMLevel4);
def MML3 = RangeLow + RangeSize * (MMLevel3);
def MML2 = RangeLow + RangeSize * (MMLevel2);
def MML1 = RangeLow + RangeSize * (MMLevel1);
def MML0 = RangeLow;
plot Level8;
plot Level7;
plot Level6;
plot Level5;
plot Level4;
plot Level3;
plot Level2;
plot Level1;
plot Level0;
if showOnlyToday and !IsNaN(close(period = "DAY")[-1])
then {
Level8 = Double.NaN;
Level7 = Double.NaN;
Level6 = Double.NaN;
Level5 = Double.NaN;
Level4 = Double.NaN;
Level3 = Double.NaN;
Level2 = Double.NaN;
Level1 = Double.NaN;
Level0 = Double.NaN;
} else {
Level8 = MML8;
Level7 = MML7;
Level6 = MML6;
Level5 = MML5;
Level4 = MML4;
Level3 = MML3;
Level2 = MML2;
Level1 = MML1;
Level0 = MML0;
}
Level8.SetDefaultColor(color.cyan);
Level8.SetStyle(curve.Short_Dash);
Level8.HideBubble();
AddChartBubble(TimeCondition , Level8, "Top of Octave = 8/8ths: Hardest line to rise above (overbought)", color.cyan, yes);
Level7.SetDefaultColor(color.cyan);
Level7.SetStyle(curve.Short_Dash);
Level7.HideBubble();
AddChartBubble(TimeCondition , MML7, "7/8ths Fast Reversal line: weak",
color.yellow, yes);
Level6.SetDefaultColor(color.cyan);
Level6.SetStyle(curve.Short_Dash);
Level6.HideBubble();
AddChartBubble(TimeCondition , MML6, "6/8ths Pivot Reversal line: ", color.pink,
yes);
Level5.SetDefaultColor(color.cyan);
Level5.SetStyle(curve.Short_Dash);
Level5.HideBubble();
AddChartBubble(TimeCondition , MML5, "5/8ths Upper Trading Range: ",
color.green, yes);
Level4.SetDefaultColor(color.cyan);
Level4.SetStyle(curve.Short_Dash);
Level4.HideBubble();
AddChartBubble(TimeCondition ,MML4, "4/8ths Major Reversal line", color.cyan, yes);
Level3.SetDefaultColor(color.cyan);
Level3.SetStyle(curve.Short_Dash);
Level3.HideBubble();
AddChartBubble(TimeCondition ,MML3, "3/8ths Lower Trading Range: ", color.green, yes);
Level2.SetDefaultColor(color.cyan);
Level2.SetStyle(curve.Short_Dash);
Level2.HideBubble();
AddChartBubble(TimeCondition ,MML2, "2/8ths Pivot Reversal line:", color.pink, yes);
Level1.SetDefaultColor(color.cyan);
Level1.SetStyle(curve.Short_Dash);
Level1.HideBubble();
AddChartBubble(TimeCondition ,MML1, "1/8ths Fast Reversal line: weak", color.yellow, yes);
Level0.SetDefaultColor(color.cyan);
Level0.SetStyle(curve.Short_Dash);
Level0.HideBubble();
AddChartBubble(TimeCondition ,MML0, "0/8ths Baseline: Hardest line to fall below (oversold)", color.cyan, yes);

 

[horserider]

Sorry same code for the plots. Still not real thing I guess.

 

[bobomatic]

@horserider Thanks, bummer, but I'm gonna work with it for tad to get a feel for it. BTW, is getting those labels on the left side of the chart a big deal?

Edit: I have the mq4 file I found for free but have no clue how to convert it. If anyone who knows how to do that and is interested, let me know.

 

[horserider]

Use the " n " input to move the bubbles to right or input a negative number to move left. You can get them off the chart plot if move right and use expansion. Well should work, try it to get what you want.

 

[Ninja Bull]

Hey Horserider, good script. Works great for Day Trading! However, when I change the timeframe to Weekly the script does not work. I went into the script and changed the default to Weekly and it did not work either. What am I doing wrong? The MM levels stay in the Day setting.

 

[rad14733]

BTW, is getting those labels on the left side of the chart a big deal?

Goto Edit Studies (Beaker) and edit the Study you want to display on the left and check the left axis checkbox...

 

[horserider]

@San @Antares66 @Ninja Bull Guess people want to input time frame for this. I see it was coded for "Day" so your efforts were ignored. Redid the code so give this one a try. May not be true MM Harmonics. Is SJ's version.

# SJ_Murray's Math Harmonics

# May not be true MM Harmonics.
#In the study by SJ all lines were cyan. Changed the line colors to what made sense to me so no real significance to line colors. Adjust them as you wish. #Horserider 12/20/2019

input showbubble = yes;
input showOnlyToday = yes;
input agg = aggregationPeriod.DAY;
def RangeHigh = high(period = agg)[0];
def RangeLow = low(period = agg)[0];
def RangeSize = AbsValue(RangeHigh - RangeLow);
def MMLevel8 = 8 / 8;
def MMLevel7 = 7 / 8;
def MMLevel6 = 6 / 8;
def MMLevel5 = 5 / 8;
def MMLevel4 = 4 / 8;
def MMLevel3 = 3 / 8;
def MMLevel2 = 2 / 8;
def MMLevel1 = 1 / 8;
def MMLevel0 = 0 / 8;



def MML7 = RangeLow + RangeSize * (MMLevel7);
def MML6 = RangeLow + RangeSize * (MMLevel6);
def MML5 = RangeLow + RangeSize * (MMLevel5);
def MML4 = RangeLow + RangeSize * (MMLevel4);
def MML3 = RangeLow + RangeSize * (MMLevel3);
def MML2 = RangeLow + RangeSize * (MMLevel2);
def MML1 = RangeLow + RangeSize * (MMLevel1);
def MML0 = RangeLow;

plot Level8;
plot Level7;
plot Level6;
plot Level5;
plot Level4;
plot Level3;
plot Level2;
plot Level1;
plot Level0;

if  showOnlyToday and !IsNaN(close(period = agg)[-1])
then {
Level8 = Double.NaN;
Level7 = Double.NaN;
Level6 = Double.NaN;
Level5 = Double.NaN;
Level4 = Double.NaN;
Level3 = Double.NaN;
Level2 = Double.NaN;
Level1 = Double.NaN;
Level0 = Double.NaN;
} else {
Level8 = RangeHigh;
Level7 = MML7;
Level6 = MML6;
Level5 = MML5;
Level4 = MML4;
Level3 = MML3;
Level2 = MML2;
Level1 = MML1;
Level0 = MML0;
}
def TimeCondition = IsNaN(Close[-1]) and !IsNaN(close[0]);

Level8.SetDefaultColor(color.RED);
Level8.SetStyle(curve.Short_Dash);
Level8.setLineWeight (4) ;
AddChartBubble(showbubble and TimeCondition ,RangeHigh, "8/8", color.red, yes);

Level7.SetDefaultColor(color.YELLOW);
Level7.SetStyle(curve.Short_Dash);
AddChartBubble(showbubble and TimeCondition , MML7, "7/8ths Fast Reversal line: weak",color.yellow, yes);

Level6.SetDefaultColor(color.YELLOW);
Level6.SetStyle(curve.Short_Dash);
AddChartBubble(showbubble and TimeCondition , MML6, "6/8", color.pink,yes);

Level5.SetDefaultColor(color.CYAN);
Level5.SetStyle(curve.Short_Dash);
AddChartBubble(showbubble and TimeCondition , MML5, "5/8ths Upper Trading Range: ",color.green, yes);

Level4.SetDefaultColor(color.BLUE);
Level4.SetStyle(curve.Short_Dash);
Level4.setLineWeight (4) ;
AddChartBubble(showbubble and TimeCondition ,MML4, "4/8", color.cyan, yes);

Level3.SetDefaultColor(color.CYAN);
Level3.SetStyle(curve.Short_Dash);
AddChartBubble(showbubble and TimeCondition ,MML3, "3/8ths Lower Trading Range: ", color.green, yes);

Level2.SetDefaultColor(color.YELLOW);
Level2.SetStyle(curve.Short_Dash);
AddChartBubble(showbubble and TimeCondition ,MML2, "2/8", color.pink, yes);

Level1.SetDefaultColor(color.YELLOW);
Level1.SetStyle(curve.Short_Dash);
AddChartBubble(showbubble and TimeCondition ,MML1, "1/8ths Fast Reversal line: weak", color.yellow, yes);

Level0.SetDefaultColor(color.GREEN);
Level0.SetStyle(curve.Short_Dash);
Level0.setLineWeight (4) ;
AddChartBubble(showbubble and TimeCondition ,MML0, "0/8", color.green, yes);