Indicator ~ B3 Measured Moves

BITCOIN Day Chart – TradingView

The B3 Measured Moves indicator measures the individual moves from a pivot high to pivot low, or vise versa. Then, two of the most recent moves are projected from three different points of a HHLLHH or LLHHLL triangle. The idea behind the system is to plot expected ranges from the current pivot high or low, based on recent price activity.

The proprietary algorithm has a method of locating the moves and projection points that ensures it will work on any chart symbol and any bar style or interval resolution, and it adjusts to the current trading ranges as they form.

There is only one numeric sensitivity input, and when at a higher value, the algorithm is more sensitive to reversal pivots which affects both the moves and the triangle size. The rest of the inputs are on/off settings, and there are many ways to modify the look of this indicator on your charts.

Image
ES Futures Hour Chart – TradeStation
RTY Futures Hour Chart – TradingView
snapshot
Works on any style chart – Renko shown – TradingView
US 30yr Bond – 4hr Chart – TradeStation

One thought on “Indicator ~ B3 Measured Moves

Add yours

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create a website or blog at WordPress.com

Up ↑

%d bloggers like this: