T. Henning Murrey is one of the world’s most pioneering mathematical specialists who invented” The Murrey Math™ Program in 1993 to create trading simple & predictable for anybody. He also developed an indicator that has a little similarity to Fibonacci retracement as well as pivot points. MML indicator was developed based on the observations of Gann studies and is an easy method to put into practice Gann. It is not necessary to be familiar with the math, just need to follow his rules to trade for profits in opposition to small risk.
Murrey math lines include 9 equidistant lines which run equivalent to each other. You can observe MM lines from the bottom that are at the levels 0/8, 1/8, 2/8, 3/8, 4/8, 5/8, 6/8, 7/8 and 8/8. It is oversold line as well as 8/8 the overbought line. The variety between 3/8 and 5/8 is the usual trading choice and price tends to unite at these levels before falling (3/8 line) or rising (5/8) further than this trading choice.
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