Forex Murrey Levels Indicator
Forex Murrey Levels Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to Murrey Math levels. It draws arrows on the chart. It has 31 settings, for example P (default 90), MMPeriod (default 1440) and Step Back (default 0). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Murrey Levels Indicator
Forex Murrey Levels Indicator is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 31 settings, such as P, Mm period and Step back. MQL source code included.
Files in the download: installation manual.txt, MMLevls_VG.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| P | 90 | |
| Mm period | 1440 | Period or timeframe used by the calculation |
| Step back | 0 | Distance between orders |
| Mml clr m 2 8 | White | [-2]/8 |
| Mml clr m 1 8 | White | [-1]/8 |
| Mml clr 0 8 | Aqua | [0]/8 |
| Mml clr 1 8 | Yellow | [1]/8 |
| Mml clr 2 8 | Red | [2]/8 |
| Mml clr 3 8 | Green | [3]/8 |
| Mml clr 4 8 | Blue | [4]/8 |
| Mml clr 5 8 | Green | [5]/8 |
| Mml clr 6 8 | Red | [6]/8 |
| Mml clr 7 8 | Yellow | [7]/8 |
| Mml clr 8 8 | Aqua | [8]/8 |
| Mml clr p 1 8 | White | [+1]/8 |
| Mml clr p 2 8 | White | [+2]/8 |
| Mml wdth m 2 8 | 2 | [-2]/8 |
| Mml wdth m 1 8 | 1 | [-1]/8 |
| Mml wdth 0 8 | 2 | [0]/8 |
| Mml wdth 1 8 | 1 | [1]/8 |
| Mml wdth 2 8 | 1 | [2]/8 |
| Mml wdth 3 8 | 1 | [3]/8 |
| Mml wdth 4 8 | 2 | [4]/8 |
| Mml wdth 5 8 | 1 | [5]/8 |
| Mml wdth 6 8 | 1 | [6]/8 |
| Mml wdth 7 8 | 1 | [7]/8 |
| Mml wdth 8 8 | 2 | [8]/8 |
| Mml wdth p 1 8 | 1 | [+1]/8 |
| Mml wdth p 2 8 | 2 | [+2]/8 |
| Mark color | Blue | Colour on the chart |
| Mark number | 217 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code