The 'measured move' is a common pattern repeatedly found across every market and time frame.
Using key price swings, measured moves can be recognised in the market when price makes a 50% - 61.8% retracement followed by a move to the -23.6% target in the same direction as the previous actionary price movement.
Spotting evidence of these price movements is easy when you look, but for traders focusing on every aspect of their strategy, keeping in tune with which measured moves are in play across multiple timeframes is a time consuming process. The TDU Measured Move indicator removes the need for you to do this extra work by showing you which measured moves in the past remained unbroken and reached their -23.6% target, allowing you to find confluence across multiple timeframes and anticipate which measured move is more likely to come next.
- Automatically find and draw all measured moves which hit their target.
- Optionally draw measured moves which failed to hit their target
- Works on any instrument
- Works on any timeframe
To use this indicator you must have a valid copy of NinjaTrader 8. License allows use of this indicator on a single trading computer validated using your machine ID.
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