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Murrey Math Lines Indicator for MT5

June 18, 2010 by

This time I’ve converted an MT4 indicator Murrey Math Line X to MT5. It’s based on the Murrey Math rules and shows the many support/resistance/pivot linesб which have their own significance and can greatly help a Forex trader to set his or her order entry and exit levels. It was quite easy to convert this EA as the calculations aren’t that complex and it doesn’t use any standard MetaTrader indicators inside its code. I like the result. Some new features:

  • Built-in description of the indicator visible in MetaTrader 5 platform.
  • Removed some unused code and variables — should improve performance.
  • Better code commenting and structure.
  • Detailed hints (labels) for each line on the chart.

You can get the code of the MT5 version or read more info about this trend indicator.

If you find any bugs in this MT5 indicator or if you want to make a suggestion regarding its functionality or what should be my next MT4->MT5 conversion, please, use the commentary form below.

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