mathlines

Math Lines Chart (RTX)

The Investor/RT Math Lines Indicator is the Linn Software implementation of the popular Murrey Math Lines. The Math Lines indicator produces a series of equidistant price-based support and resistance levels. Each level is labeled from 1/8 thru 8/8. The 8/8 (or 0/8) lines are considered the most difficult to break. 1/8 and 7/8 lines are considered weak support and resistance. 2/8 and 6/8 lines are considered strong reverse points. 3/8 and 5/8 are considered areas where it is very likely that the price will either pierce this range fast or will remain inside it for a long time.

Math Lines (RTX)

The Investor/RT Math Lines Indicator is the Linn Software implementation of the popular Murrey Math Lines. The Math Lines indicator produces a series of equidistant price-based support and resistance levels. Each level is labeled from 1/8 thru 8/8. The 8/8 (or 0/8) lines are considered the most difficult to break. 1/8 and 7/8 lines are considered weak support and resistance. 2/8 and 6/8 lines are considered strong reverse points. 3/8 and 5/8 are considered areas where it is very likely that the price will either pierce this range fast or will remain inside it for a long time.