Rendered in a separate chart pane along with custom candle displays, it generates range boundaries tailored for automated grid strategies. Traders can adjust the frame size, multiplier, level selections, wick inclusion, and width boundaries. It also features multi-timeframe security controls for fetching higher-timeframe levels with customizable barmerge and lookahead settings.
Murrey Math line calculations for grid trading boundaries
Multi-timeframe data fetching with customizable security settings
Configurable frame size, multiplier, and wick filtering options
Separate pane visualization with custom price candle display
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Frame Size
int
64
frame
Frame Multiplier
float
1.5
mult
Ignore Wicks?
bool
true
wicks
Top level
int
0
level_top
Bottom level
int
10
level_bottom
Offset
float
1
offset
Min width
float
0
width_min
Max width
float
99999
width_max
Smooth
int
2
smooth
Wait for confirm
bool
true
tf_confirmation_wait
No repaint
bool
true
tf_no_repaint_security
Lookahead
bool
false
tf_barmerge_lookahead
Show all 17 settings
Setting
Type
Default
Variable
Gaps
bool
false
tf_barmerge_gaps
Type
string
Static
tf_type
Static
timeframe
tf_static
Custom
int
1
Custom
Candles color
color
color.black
price_color
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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