Measured Move Script ~ part 2 ~ All symbols and intervals
The goal is always to have indicators that are useful on just about all charts most any trader would use. I tend to lean on the futures, but here is the current bitcoin/USD chart showing that the Daily chart has hit a measured move. Should that move hold support, then you have targets for your next move already set, and based on the moves it has had recently (with a pretty easy stop-out with the LL right here).
Things I am still working out:
Things I am still working out:
- - I need to test more chart types to see how these work with renko and HA etc
- - Color schemes are a forte of mine, and I haven't addressed it 1000% as I wish to do.
- - I would like to be able to set the moves by percent instead of literal measurements (input switch between the two) as this will be better for a chart like this where the moves that were measured could have been at a very different price range and respectively by percentage there is a skew. This is only a noticeable issue on large numeric symbols.
- - A webpage for promotions of this and the related systems
- - A PDF manual for purchasers to setup the charts like a champ.
Comment:
Works on H.A./Renko Charts - so long as it posts highs and lows it works on any chart and timeframe!
Trade closed: target reached:
BTW the 50% retrace on the long was a grab! -- sorry for the late update - not my intention to have people follow my trades. This is just for my own catalog of charting ideas.
Color scheming added.
Labels made dynamic.