Support Board
Date/Time: Wed, 15 Jan 2025 19:00:58 +0000
MurreyMath additional functions request
View Count: 2031
| [2016-10-07 17:29:11] |
| ticinotrader - Posts: 397 |
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Hi, may I ask for some enhancements/additional features to be added to the MurreyMath indicator? Compared to the official MM application the horizontal lines (MML) are drawn correctly but the following parts are a bit confusing, can you please check and let me know if they can be implemented: 1. Officially the square width (frame size) is always the multiple of 4: the official values are: 4, 8, 16, 32, 64, 128, 256 and 512. Would it be possible to be able to select these values in the settings from a dropdown list instead of typing them manually? 2. There is a frame multiplier in the original calculation what determines the number of bars to look back to determine the High and Low extremes what is used to place the price into a frame. This multiplier in the official software is 1.5, so the actual frame sizes (lookback periods) are 6 (4), 12 (8), 24 (16), etc. Does the calculation of the Sierra script uses this? 3. There is an anomaly/rule in the original MurreyMath calculation, called Frame Shift what can basically happen in two situations: A). Contraction: the price extremes in the last n bar (frame size/square width) changes because of there are new bars and there are new H/L values (usually smaller range) and the frame (square) contracts (line distances decrease). As I found this is correctly done by the Sierra script. B). Price shifts to a new frame when the price ticks above or below the -2/8 and +2/8 lines. At this situation the frame/square recalculates based on the new extremes. The official MurreyMath software uses the same logic (new frame on tick above below +2/8 or -2/8). I found that this doesn't work this way in Sierra script. Can you modify it to calculate/draw new frame at violation of -2/8 and +2/8? Because of this frame shift, the levels below -2/8 and above +2/8 are unnecessary. Please see this chart where the frame does not shift at -2/8: http://www.sierrachart.com/image.php?Image=1475859021273.png 4. Is it possible to use the 'round to tick' feature with the horizontal Murrey lines? I have the full MurreyMath method coded for Ninja, Multicharts and eSignal what includes all the Murrey tools (time/speed/momentum lines, circles) + additional features including scanner functions, etc. Can you please let me know if it can be implemented in Sierra? That would be fantastic because that would eliminate the need to use applications other than SC. Thanks in advance! |
| [2016-10-10 18:09:29] |
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We are working on this. 1. This will be supported in the next release. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2016-10-18 21:57:22] |
| ticinotrader - Posts: 397 |
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Do you plan to completely revise the MurreyMath indicator in any future release of Sierra, or add/correct functions step-by-step in next releases? Thanks in advance!
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| [2016-10-19 02:18:05] |
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We can do a few simple changes and we started through some of the ones: 1-4. I have the full MurreyMath method coded for Ninja, Multicharts and eSignal what includes all the Murrey tools (time/speed/momentum lines, circles) + additional features including scanner functions, etc. This kind of stuff, we would have to understand it and it would definitely be chargeable. Not sure what is involved , but there could be a very substantial cost of hundreds of dollars if not more. But it is not something we would do for free because there simply is no demand and we do not have the time anyway.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2016-10-19 03:23:38
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| [2016-10-22 19:35:08] |
| ticinotrader - Posts: 397 |
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Many thanks that you already implemented 1-2 and 4 in recent releases! Re implementation of the full method: sure, I agree and don't want to ask this for free. Can you please let me know the way/how can I contact you directly to discuss this? Developers who I already contacted either rejected the project or do not have expertise in all required part (they either can do the drawing scripts or the scanners but not both). Thanks! |
| [2016-10-25 00:02:26] |
| Edge Player Trading - Posts: 9 |
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Hi, I am a programmer partner with Sierra Charts. They have asked me to contact you regarding your request for enhancements. I may be able to develop them for you. If you are interested, please send your contact information and requirements to edgeplayer@edgeplayertrading.com
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| [2016-11-14 01:25:46] |
| ertrader - Posts: 681 |
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These improvements would be very helpful! I would be interested in helping pay for this if needed.
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| [2016-11-16 15:06:55] |
| ertrader - Posts: 681 |
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ticinotrader...yes I emailed and still interested!
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| [2016-11-20 02:04:28] |
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We are not understanding this: B). Price shifts to a new frame when the price ticks above or below the -2/8 and +2/8 lines. At this situation the frame/square recalculates based on the new extremes. The official MurreyMath software uses the same logic (new frame on tick above below +2/8 or -2/8). I found that this doesn't work this way in Sierra script. Can you modify it to calculate/draw new frame at violation of -2/8 and +2/8? Because of this frame shift, the levels below -2/8 and above +2/8 are unnecessary.
Please see this chart where the frame does not shift at -2/8: http://www.sierrachart.com/image.php?Image=1475859021273.png Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2016-11-20 09:28:22] |
| ticinotrader - Posts: 397 |
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Price is always contained by a frame, within the +2/8 and -2/8 lines. Frame is selected based on the High and Low extremes of 'n' bars (frame size multiplied by the lookback multiplier). This is why lines above +2/8 or -2/8 are not part of the Murrey method and are unnecessary. Price should immediately move to a new frame when either the +2/8 is violated (last price is at least 1 tick above +2/8) or -2/8 is violated (last price is at least 1 tick below -2/8). Then a new frame should be calculated based on the new H/L extremes and price should be placed into a new set of +2/8 and -2/8 until it violates any of them again. On the chart below the 64 frame is drawn. The H/L extremes (indicated by blue rectangles) of the last 96 bars (frame size × lookback multiplier) are: High: 155'12 Low 152'12 http://www.sierrachart.com/image.php?Image=1479633848964.png You can see on the chart that the price is already violated the -2/8th line of this frame several times but no new frame is calculated yet. The correct frame now should be: 8/8 = 154'22 (+2/8 = 155'15) 0/8 = 151'18 (-2/8 = 150'25) Please let me know if you need any additional info. Thanks that you take time to work on this! |
| [2017-08-05 14:18:53] |
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ticinotrader, We understand the independent programmer Jim is working on the Murray Math study for you. We understand you are having a performance problem, occurring after a few minutes with additional lines drawn on the chart. Under no circumstances should that happen. This has been discussed with Jim, and we think there are additional lines being drawn which should not be. We are going to add a new command to the Tools menu named Log Drawing Statistics which will show how many drawings are on the chart, and the time to draw them. We will ensure that there is proper quality control, and the work being done is to a high standard. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2017-08-05 14:19:49
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| [2017-08-05 17:04:16] |
| ticinotrader - Posts: 397 |
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Many thanks, I highly appreciate your continuous support! I will try the new command you suggest. The script in its recent stage is already incomparably higher quality than anything what I had either in Ninja or MC. |
| [2017-08-05 17:18:40] |
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OK that is good. Because we certainly do not want to refer you to a programmer who is not doing things right. We are always here to provide the necessary support to ensure the proper outcome is achieved.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2017-08-07 04:02:53] |
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The new command has been added to prerelease 1595. It is Tools >> More Tools >> Log Drawing Statistics. The results are displayed in Window >> Message Log. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2017-08-07 04:05:02
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| [2017-08-07 05:48:36] |
| ticinotrader - Posts: 397 |
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Many thanks, I updated to 1595 and start using it today.
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