petergluis
Active member
The conversion of this indicator to Thinkscript version is highly precise. Thank you very much for your help.
Murrey's Math Trend System for ThinkorSwim
- Thread starter BenTen
- Start date
@samer800 Could you add the labels so this code works well?
can you pls elaborate more. what do you want to include in labels?
Is it possible to make the mobile levels friendly?
I have a question maybe you could help, this Murray Math code when you use it let’s say on a 1 hour time frame why do the numbers change verse the regular Murray Math daily levels? Thanks
@samer800 Could you please add the labels for the Murrey Math Lines Octave levels ( [-1/8] and [+1/8] etc.)?
#// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
#// © ceyhun
#//Original Code https://tr.tradingview.com/v/x8ZRlmof/
#study("Murrey Math Lines", shorttitle="MML", overlay=true)
# Converted by Sam4Cok@Samer800 - 05/2023
#//-- get inputs
input ShowLines = yes;
input useChartTimeframe = {default "Yes", "No"};
input ManualTimeframe = AggregationPeriod.FIFTEEN_MIN; # "Resolution"
input frameSize = 64; # "Frame Size"
input FrameMultiplier = 1.5; # "Frame Multiplier"
input IgnoreWicks = yes; # "Ignore Wicks?"
def na = Double.NaN;
#//-- defines
def logTen = Log(10);
def log8 = Log(8);
def log2 = Log(2);
def lookback = Round(frameSize * FrameMultiplier, 0);
def o;
def c;
def h;
def l;
switch (useChartTimeframe) {
case "Yes":
o = open;
c = close;
h = high;
l = low;
case "No":
o = open(Period = ManualTimeframe);
c = close(Period = ManualTimeframe);
h = high(Period = ManualTimeframe);
l = low(Period = ManualTimeframe);
}
def uPrice = if IgnoreWicks then Max(o, c) else h;
def lPrice = if IgnoreWicks then Min(o, c) else l;
#//-- find highest/lowest price over specified lookback
def vLow1 = Lowest(lPrice, lookback);
def vHigh1 = Highest(uPrice, lookback);
def vLow = vLow1;#security(ss, res, vLow1)
def vHigh = vHigh1;#security(ss, res, vHigh1)
def vDist = vHigh - vLow;
#//-- if low price is < 0 then adjust accordingly
def tmpHigh = if vLow < 0 then 0 - vLow else vHigh;
def tmpLow = if vLow < 0 then 0 - vLow - vDist else vLow;
#//-- determine if price shift is in place
def shift = vLow < 0;
#//-- calculate scale frame
def sfVar = Log(0.4 * tmpHigh) / logTen - Floor(Log(0.4 * tmpHigh) / logTen);
def SR = if tmpHigh > 25 then
if sfVar > 0 then Exp(logTen * (Floor(Log(0.4 * tmpHigh) / logTen) + 1)) else
Exp(logTen * Floor(Log(0.4 * tmpHigh) / logTen)) else
100 * Exp(log8 * Floor(Log(0.005 * tmpHigh) / log8));
def nVar1 = Log(SR / (tmpHigh - tmpLow)) / log8;
def nVar2 = nVar1 - Floor(nVar1);
def N = if nVar1 <= 0 then 0 else if nVar2 == 0 then Floor(nVar1) else Floor(nVar1) + 1;
#//-- calculate scale interval and temporary frame top and bottom
def SI = SR * Exp(-N * log8);
def M = Floor(1.0 / log2 * Log((tmpHigh - tmpLow) / SI) + 0.0000001);
def I = Round((tmpHigh + tmpLow) * 0.5 / (SI * Exp((M - 1) * log2)), 0);
def Bot = (I - 1) * SI * Exp((M - 1) * log2);
def Top = (I + 1) * SI * Exp((M - 1) * log2);
#//-- determine if frame shift is required
def doShift = tmpHigh - Top > 0.25 * (Top - Bot) or Bot - tmpLow > 0.25 * (Top - Bot);
def ER = if doShift then 1 else 0;
def MM = if ER == 0 then M else if ER == 1 and M < 2 then M + 1 else 0;
def NN = if ER == 0 then N else if ER == 1 and M < 2 then N else N - 1;
#//-- recalculate scale interval and top and bottom of frame, if necessary
def finalSI = if ER == 1 then SR * Exp(-NN * log8) else SI;
def finalI = if ER == 1 then Round((tmpHigh + tmpLow) * 0.5 / (finalSI * Exp((MM - 1) * log2)), 0) else I;
def finalBot = if ER == 1 then (finalI - 1) * finalSI * Exp((MM - 1) * log2) else Bot;
def finalTop = if ER == 1 then (finalI + 1) * finalSI * Exp((MM - 1) * log2) else Top;
#//-- determine the increment
def Increment = (finalTop - finalBot) / 8;
#//-- determine the absolute top
def absTop = if shift then -(finalBot - 3 * Increment) else finalTop + 3 * Increment;
#//-- create our Murrey line variables based on absolute top and the increment
def Plus38 = absTop;
def Plus28 = absTop - Increment;
def Plus18 = absTop - 2 * Increment;
def EightEight = absTop - 3 * Increment;
def SevenEight = absTop - 4 * Increment;
def SixEight = absTop - 5 * Increment;
def FiveEight = absTop - 6 * Increment;
def FourEight = absTop - 7 * Increment;
def ThreeEight = absTop - 8 * Increment;
def TwoEight = absTop - 9 * Increment;
def OneEight = absTop - 10 * Increment;
def ZeroEight = absTop - 11 * Increment;
def Minus18 = absTop - 12 * Increment;
def Minus28 = absTop - 13 * Increment;
def Minus38 = absTop - 14 * Increment;
#//-- plot the lines and we are done
plot P83 = if !ShowLines then na else Plus38; # "+3/8 Imminent Bearish reversal"
plot P82 = if !ShowLines then na else Plus28; # "+2/8 Extreme Overshoot conditions, can reverse anytime"
plot P81 = Plus18; # "+1/8 Overshoot conditions"
plot N88 = EightEight; # "8/8 Ultimate resistance, extremely overbought conditions"
plot N87 = SevenEight; # "7/8 Weak level, place to stop and reverse"
plot N86 = if !ShowLines then na else SixEight; # "6/8 Strong pivot reverse"
plot N85 = FiveEight; # "5/8 Top of trading range"
plot N84 = FourEight; # "4/8 Major support/resistance pivot point"
plot N83 = ThreeEight; # "3/8 Bottom of trading range"
plot N82 = if !ShowLines then na else TwoEight; # "2/8 Strong, Pivot, reverse"
plot N81 = OneEight; # "1/8 Weak, place to stop and reverse"
plot N80 = ZeroEight; # "0/8 Hardest line to fall below, oversold conditions"
plot M81 = Minus18; # "-1/8 Oversold conditions"
plot M82 = if !ShowLines then na else Minus28; # "-2/8 Extreme oversold conditions, can reverse anytime"
plot M83 = if !ShowLines then na else Minus38; # "-3/8 Imminent bullish reversal"
P81.SetDefaultColor(Color.DARK_RED);
P82.SetDefaultColor(Color.DARK_RED);
P83.SetDefaultColor(Color.DARK_RED);
M81.SetDefaultColor(Color.DARK_GREEN);
M82.SetDefaultColor(Color.DARK_GREEN);
M83.SetDefaultColor(Color.DARK_GREEN);
N80.SetDefaultColor(Color.GREEN);
N81.SetDefaultColor(Color.DARK_GREEN);
N82.SetDefaultColor(Color.DARK_GRAY);
N83.SetDefaultColor(Color.DARK_GRAY);
N84.SetDefaultColor(Color.GRAY);
N85.SetDefaultColor(Color.DARK_GRAY);
N86.SetDefaultColor(Color.DARK_GRAY);
N87.SetDefaultColor(Color.DARK_RED);
N88.SetDefaultColor(Color.RED);
P81.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
P82.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
P83.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
M81.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
M82.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
M83.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
N80.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
N81.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
N82.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
N83.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
N84.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
N85.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
N86.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
N87.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
N88.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
AddCloud(OneEight, Minus18, Color.DARK_GREEN); # "Oversold Zone"
AddCloud(FiveEight, ThreeEight, Color.DARK_GRAY); # "Balance Zone"
AddCloud(Plus18, SevenEight, Color.DARK_RED); # "Overbought Zone"
#--- END of CODE
labels a not a strength in TOS. It will disturb the chart.
I got it, thanks.
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