Support Board
Date/Time: Wed, 15 Jan 2025 18:46:00 +0000
Post From: MurreyMath additional functions request
| [2016-10-07 17:29:11] |
| ticinotrader - Posts: 397 |
|
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! |