OPEN-SOURCE SCRIPT
Murrey Math [pointalgo]
Murrey Math [PointAlgo]
Murrey Math [PointAlgo] is a geometric price structure indicator based on Murrey Math principles.
It automatically divides the selected price range into 8 equal fractal levels to help traders identify key support, resistance, and breakout zones.
How It Works:
The script:
• Calculates the highest high and lowest low over a user-defined Geometric Frame Size
• Divides that range into 8 equal price intervals (0/8 to 8/8)
• Plots dynamic Murrey levels directly on the chart
• Detects breakouts above and below important levels
Key Levels
0/8 & 8/8 → Major support & resistance (frame extremes)
4/8 → Central equilibrium / median level
2/8 & 6/8 → Pivot zones
1/8 & 7/8 → Weak stall levels
3/8 & 5/8 → Trading range levels
Breakout Signals
The script highlights:
✔ Bullish breakouts when price closes above 4/8, 6/8, or 8/8
✔ Bearish breakouts when price closes below 4/8, 2/8, or 0/8
Arrows and labels appear on the chart to show which level was broken.
Settings
Geometric Frame Size – Controls the lookback period used to calculate the Murrey structure.
Larger values create broader structural levels, while smaller values make levels more reactive.
Best Used For
• Identifying structured support & resistance
• Breakout confirmation
• Range trading environments
• Multi-timeframe structure analysis
Important Notes:
This indicator is for educational and informational purposes only.
It does not provide financial advice.
Always use proper risk management and combine with your own analysis before making trading decisions.
Murrey Math [PointAlgo] is a geometric price structure indicator based on Murrey Math principles.
It automatically divides the selected price range into 8 equal fractal levels to help traders identify key support, resistance, and breakout zones.
How It Works:
The script:
• Calculates the highest high and lowest low over a user-defined Geometric Frame Size
• Divides that range into 8 equal price intervals (0/8 to 8/8)
• Plots dynamic Murrey levels directly on the chart
• Detects breakouts above and below important levels
Key Levels
0/8 & 8/8 → Major support & resistance (frame extremes)
4/8 → Central equilibrium / median level
2/8 & 6/8 → Pivot zones
1/8 & 7/8 → Weak stall levels
3/8 & 5/8 → Trading range levels
Breakout Signals
The script highlights:
✔ Bullish breakouts when price closes above 4/8, 6/8, or 8/8
✔ Bearish breakouts when price closes below 4/8, 2/8, or 0/8
Arrows and labels appear on the chart to show which level was broken.
Settings
Geometric Frame Size – Controls the lookback period used to calculate the Murrey structure.
Larger values create broader structural levels, while smaller values make levels more reactive.
Best Used For
• Identifying structured support & resistance
• Breakout confirmation
• Range trading environments
• Multi-timeframe structure analysis
Important Notes:
This indicator is for educational and informational purposes only.
It does not provide financial advice.
Always use proper risk management and combine with your own analysis before making trading decisions.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
Unlock powerful tools & indicators → pointalgo.com
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
Unlock powerful tools & indicators → pointalgo.com
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。