OPEN-SOURCE SCRIPT
Black Tie Murrey Math MTF
Murrey Math grid implementation. Computes a price-octave grid divided into 1/8 levels within a "trading frame" sized to the recent price range. The grid auto-anchors to mathematically clean reference numbers based on the price's order of magnitude.
LEVELS
8/8 Top of frame, major resistance
7/8 6/8 Weak resistance and momentum levels
5/8 Top of fair-value zone, sell-bias area
4/8 Frame midpoint, magnet level in ranging markets
3/8 Bottom of fair-value zone, buy-bias area
2/8 1/8 Weak support and momentum levels
0/8 Bottom of frame, major support
+/- 1/8 to 3/8 Frame overshoots, statistical reversal zones outside the main frame
ALGORITHM
The frame is built in five steps. First, the indicator picks a "scale reference": a clean round number based on the price's order of magnitude. Second, it computes how many times to divide that scale by 8 to arrive at a unit comparable to the current range. Third, it derives a power-of-2 multiplier so the frame width matches the actual range. Fourth, it anchors the frame to the price midpoint by rounding to the nearest multiple of the half-frame. Fifth, if the actual range overshoots the computed frame by more than 25 percent, it retries with adjusted parameters.
This produces a stable grid that doesn't repaint on small price moves but adapts cleanly when price breaks into a new octave.
USAGE
Use 8/8 and 0/8 as primary range boundaries.
Use 5/8, 4/8, and 3/8 as fair-value reference points.
Use the extreme levels (+/- 3/8) as exhaustion zones for mean reversion setups.
SETTINGS
Calculation Timeframe lets you compute the grid on a higher timeframe and project it onto your execution chart.
Lookback Bars controls how much history is scanned. Default 64 is balanced; lower values adapt faster, higher values produce more stable grids.
Use Candle Bodies filters wicks out of the range calculation, which produces cleaner levels on noisy instruments.
Each of the 15 levels has individual visibility, color, and style controls.
The implementation is original. The mathematical principles behind Murrey Math are public domain (T. Henning Murrey, "Murrey Math Trading Frame", 1995).
LEVELS
8/8 Top of frame, major resistance
7/8 6/8 Weak resistance and momentum levels
5/8 Top of fair-value zone, sell-bias area
4/8 Frame midpoint, magnet level in ranging markets
3/8 Bottom of fair-value zone, buy-bias area
2/8 1/8 Weak support and momentum levels
0/8 Bottom of frame, major support
+/- 1/8 to 3/8 Frame overshoots, statistical reversal zones outside the main frame
ALGORITHM
The frame is built in five steps. First, the indicator picks a "scale reference": a clean round number based on the price's order of magnitude. Second, it computes how many times to divide that scale by 8 to arrive at a unit comparable to the current range. Third, it derives a power-of-2 multiplier so the frame width matches the actual range. Fourth, it anchors the frame to the price midpoint by rounding to the nearest multiple of the half-frame. Fifth, if the actual range overshoots the computed frame by more than 25 percent, it retries with adjusted parameters.
This produces a stable grid that doesn't repaint on small price moves but adapts cleanly when price breaks into a new octave.
USAGE
Use 8/8 and 0/8 as primary range boundaries.
Use 5/8, 4/8, and 3/8 as fair-value reference points.
Use the extreme levels (+/- 3/8) as exhaustion zones for mean reversion setups.
SETTINGS
Calculation Timeframe lets you compute the grid on a higher timeframe and project it onto your execution chart.
Lookback Bars controls how much history is scanned. Default 64 is balanced; lower values adapt faster, higher values produce more stable grids.
Use Candle Bodies filters wicks out of the range calculation, which produces cleaner levels on noisy instruments.
Each of the 15 levels has individual visibility, color, and style controls.
The implementation is original. The mathematical principles behind Murrey Math are public domain (T. Henning Murrey, "Murrey Math Trading Frame", 1995).
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
Get notified when I release a new free indicator → blacktiereport.com/. No signals, no Discord, no copy trades. Educational use only.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
Get notified when I release a new free indicator → blacktiereport.com/. No signals, no Discord, no copy trades. Educational use only.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.