About the Murrey Math Support and Resistance Levels Indicator
The Murrey Math Support and Resistance Levels Indicator for MT4 is a highly advanced technical tool based on the principles of Gann theory and fractal geometry.
It divides price action into eight equal intervals, creating a series of horizontal lines that act as significant psychological and mathematical barriers.
This allows traders to identify where a trend is likely to stall, reverse, or accelerate with institutional precision.
Each level within the Murrey Math framework has a specific characteristic, such as the hard reversal lines or the ultimate support and resistance boundaries.
By plotting these levels automatically, the indicator removes the subjectivity involved in manual chart drawing.
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Key Features
- Automatically calculates and draws eight distinct support and resistance levels on any chart.
- Based on fractal price geometry to identify high-probability reversal and breakout zones.
- Features customizable line colors to ensure compatibility with any background or template.
- Identifies extreme overbought and oversold conditions through specific mathematical boundaries.
- Updates in real-time as new price data enters the terminal to maintain accuracy.
Indicator Chart
The chart displays the Murrey Math Support and Resistance Levels Indicator as a series of horizontal lines layered across the price action.
Each line represents a different level of market strength, showing exactly where the bulls or bears are in charge and when it’s wiser to stay on the sidelines.
You can observe how price tends to react or consolidate around these specific mathematical intervals.
Guide to Trade with Murrey Math Support and Resistance Levels Indicator
Buy Rules
- Identify an overall bullish trend using a higher timeframe or a moving average.
- Wait for the price to dip toward a major Murrey Math support level indicator.
- Look for a bullish rejection candle to form exactly at the mathematical support line.
- Initiate a long position once the price bounces and closes above the support level.
Sell Rules
- Establish that the primary market trend is bearish through technical analysis.
- Monitor price as it rallies toward a significant Murrey Math resistance level indicator.
- Watch for a bearish reversal pattern to emerge at the resistance boundary.
- Execute a short trade when the price fails to break higher and closes below the level.
Stop Loss
- For buy trades, place the stop loss one level below the current Murrey Math support.
- For sell trades, position the stop loss one level above the current Murrey Math resistance.
Take Profit
- Target the next major horizontal line in the sequence as your primary profit objective.
- Consider closing half the position when the price reaches the 4/8 central pivot line.
- Aim for the ultimate 8/8 or 0/8 levels during high-volatility trend expansions.
Murrey Math S&R and Super Mega Winner MT4 Forex Strategy
This MT4 forex strategy combines the Murrey Math Support and Resistance Levels Indicator with the Super Mega Winner Forex Indicator to create a structured breakout and reversal trading approach.
Murrey Math levels provide automatically drawn key support and resistance lines on the chart, highlighting potential turning points or breakout zones.
The Super Mega Winner indicator provides timely entry signals via colored dots for quick decision-making in alignment with market direction.
The strategy is suitable for M15, H1, and H4 charts and can be applied to major and liquid currency pairs.
It is designed for traders seeking clear levels and visual confirmation of entry signals to improve accuracy and manage risk efficiently.
Buy Entry Rules
- Price approaches or bounces near a Murrey Math support level.
- The first green dot from the Super Mega Winner Indicator appears on the bottom chart.
- Enter a buy trade at the close of the candle with the green dot.
- Place the stop loss a few pips below the Murrey Math support level.
- Exit the trade when a red dot appears or if price closes below the support level.
Sell Entry Rules
- Price approaches or reacts near a Murrey Math resistance level.
- The first red dot from the Super Mega Winner Indicator appears on the bottom chart.
- Enter a sell trade at the close of the candle with the red dot.
- Place the stop loss a few pips above the Murrey Math resistance level.
- Exit the trade when a green dot appears or if price closes above the resistance level.
Advantages
- Clear and automatic support/resistance levels for structured trading.
- Super Mega Winner dots provide timely and easy-to-spot entry signals.
- Helps reduce guesswork by combining level and signal confirmation.
- Adaptable to multiple time frames and currency pairs.
- Useful for both breakout and reversal trading strategies.
Drawbacks
- Requires monitoring of price action near S&R levels to avoid premature entries.
- Short-term pullbacks may trigger early exits.
- Not ideal for very low liquidity or high-spread pairs.
- May require adjusting stops based on volatility to avoid being stopped out.
Case Study 1
On EURJPY H1, price approached a Murrey Math support level after a small pullback.
The first green dot from the Super Mega Winner Indicator appeared on the bottom chart.
A buy trade was opened at candle close with a stop loss a few pips below the support line.
Price rallied upward, and the trade was exited when a red dot appeared, capturing 68 pips.
Case Study 2
On GBPUSD M15, price reached a Murrey Math resistance level during a short-term uptrend.
The first red dot from the Super Mega Winner Indicator appeared, confirming bearish momentum.
A sell trade was entered at candle close with the stop loss placed above the resistance line.
Price moved lower sharply, and the trade was closed when the next green dot appeared, securing 33 pips.
Strategy Tips
- Focus on trades where price reacts clearly at Murrey Math levels.
- Wait for the first colored dot from the Super Mega Winner before entering to avoid false signals.
- Combine with higher time frame trend analysis to increase trade probability.
- Adjust stops and exits according to market volatility and recent swing highs/lows.
- Avoid trading during major news events that can cause sudden spikes beyond support/resistance levels.
- Limit trades per session to maintain discipline and manage risk.
- Use multiple currency pairs to diversify opportunities without overextending.
- Review previous Murrey Math levels to identify recurring support/resistance zones for better anticipation of future setups.
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Download the “murrey-math.mq4” Metatrader 4 indicator
FAQ
What do the 0/8 and 8/8 lines represent in this system?
In the Murrey Math Support and Resistance Levels Indicator, the 0/8 and 8/8 lines are the ultimate support and resistance boundaries.
These are the hardest levels to break and often lead to significant trend reversals.
When price hits these extremes, it is mathematically overextended, and professional traders often look for a move back toward the center of the fractal range.
Can I use this indicator to trade breakouts instead of reversals?
Yes, the Murrey Math Support and Resistance Levels Indicator is excellent for breakout trading.
When price closes decisively above a resistance line during an uptrend, it signals that the trend is continuing toward the next mathematical interval.
In these cases, the previous resistance level often turns into a new support zone for the next leg of the move.
Summary
The Murrey Math Support and Resistance Levels Indicator is a professional utility that brings a sense of mathematical order to the often chaotic forex market.
By identifying fixed intervals based on fractal theory, it provides a disciplined framework for identifying value zones.
Its primary benefit is the elimination of guesswork when determining where to enter and exit the market.
To maximize your results, always use these levels in conjunction with the prevailing market trend.
