Discovered while day trading in 1989 by Nick Stott, a successful bond trader in the financial markets, the SureFireThing ‘Camarilla’ equation uses a truism of nature to define market action – namely that most time series have a tendency to revert to the mean. In other words, when markets have a wide spread between the high and low the day before, they tend to reverse and retreat back towards the previous day’s close. The SureFireThing Camarilla Equation uses some complicated mathematics to pluck 8 levels out of thin air, using nothing more than yesterday’s open, high, low and close. These levels are, frankly, astounding in their accuracy as regards day trading, even to seasoned traders, who know all about support and resistance, pivot points and so on. SureFireThing.com supply their online SFT Camarilla Equation calculator for day trading at probably the lowest cost available anywhere. There are a number of other commercial sites purporting to supply a ‘Camarilla’ equation, but we cannot vouch for any of them, as none would give us a free trial! There are also various free websites offering ‘Camarilla’ Equation calculations, usually based on fairly standard pivot points and so on. None of these produces the same results as the SureFireThing version, and trading with them must therefore be regarded as ‘pot luck’.
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This Expert Advisor (EA) is an automatic trading system developed for Metatrader platform and it’s derived from SuperNova trading system introduded by Cryten in ForexFactory in late Aug 2007.
Indicators requested for SuperNova EA v1.4
In order to be able to use all features available with SuperNova EA , please be sure to have installed ALL following indicators in the C:\…\Metatrader\Experts\Indicators folder:
- QQEA.mq4
- DMI.mq4
- MomentumVT.mq4
- Damiani_volatmeter v3.2.ex4
- Juice v1.2 alert.mq4
- Laguerre.mq4
- T3.mq4
- Heiken Ashi.mq4
- Parabolic SAR Color – Alert.mq4
- QQE Alert v3.ex4
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Any financial instrument that is traded on the market is a position of some active towards some currency. FOREX differs from other markets only in the fact, that another currency is used as an active. As a result in the FOREX market we always deal with the correlation of two currencies, called currency pairs.
The project that started more than a year ago, helped to develop a group of indicators under a joint name cluster indicators. Their task was to divide currency pairs into separate currencies. Since then indicators were changed several times. Moreover, the interest of users and active discussions in forums allowed to develop methods of working with indicators and create trade systems based on them.
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Part 1: http://tradinglib.com/indicators/murrey-math#more-53
Murrey Math Reversal Percentage Moves
- The following notes are observations regarding the Murrey Math Price Percentage Moves (MMRPM). The MMRPM statistics are a key Murrey Math factor to consider when evaluating a trade. The MMRPM statistics are also key in understanding the importance and function of the Square in Time.
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