MMlinesPro

Murrey Math, an indicator following some of Gann's rules, is hard to come by in NinjaTrader. There are versions that calculate on the prior day data and may not be accurate. To make matters worse it will calculate only once. If price moves beyond the lines you are out of luck. Some indicators will calculate hourly to try to remove that limitation. Unfortunately this is still wrong. What if price goes beyong +2/8 or -2/8 within the hour? What data is being used for recalculation?

For those on a budget I have MMlinesPro. This indicator is basically a bare bones indicator that does what it is supposed to. For more exciting features please look at MMlinesProPlus here.

 In the above chart you can see the MMlinesPro with Baby lines turned on. You will also notice a vertical line. This line appears at the last line shift bar. Why can this be important? This line determines at what point the lines are current with price movement. All line to price bar relationships to the left of that vertical line are false because the lines were in a different position at that time.

 In the above picture you can see the settings for this indicator. You can also adjust the frame size according to what you like to see on different charts. A smaller frame size usually means tighter line spacing because the indicator is not looking back as far and therefore price swings will be smaller. This indicator is compatible with all types of charts, by the way.

Here are some links to help you understand Murrey Math:

Murrey Math Lines

MML

Murrey Math

Here are a couple of downloads:

Murrey Math Ebook

Murrey Math Video

Here is a webinar about Murrey Math:

https://www.youtube.com/watch?v=62lZOFi8gMI

Below is a link to a group who use Murrey Math in their trade room. They have a trial for their room where one of the moderators uses MMlinesProPlus and IT_MMove:

http://polaristradinggroup.com

11/10/16 - Modified the date recognition to recognize "-" separators as well as "/". Example: Europeon dd/mm/yyyy as well as dd-mm-yyyy. US mm/dd/yyyy or mm-dd-yyyy.

9/22/12 - MMlinesPro has been updated for NT7 only. It now draw lines back to the correct price bar and has some performance tweaks.