Murray levels are a geometric Analytics system that defines intermediate baseline levels and extremes, eliminating the risk of double interpretation. The system is used by traders who perform operations on the rebound from levels or their breakdown. The tool is relevant for currency pairs and other assets. The highest efficiency of the system is achieved when using the indicator in timeframes of 4 hours or more.
To get information, the trader must evaluate the Murray levels indicator along the lines. They range from 0/8 and 8/8. The lower and upper borders reflect the trend resistance and support. You can use the data obtained from the graphs independently or together with other information sources. Used by professionals and beginners in the Forex in Belarus, it is easy to read and understand.
The basic advantage of using this system is the minimum number of redraws and delays-this provides an increase in accuracy that is beneficial for the trader.