Documentaion
Menu
Measured Move Documentation
Settings Descriptions:
Parameters:
- Minimum Reversal Percent: The minimum amount the reversal pulls back on the first leg.
- Maximum Reversal Percent: The maximum amount the reversal pulls back on the first leg.
- Initial Lookback: The number of inital bars that need to align to trigger first leg.
- First Move Swing Strength: The movement strength of the first leg.
- Extended Targets Right (Bars): Extends the lines that display the target and failed n number of bars.
- Draw Past Measured Moves: Toggle displaying already completed measured moves.
Display Properties:
- First Move Line Color: The line color of the first leg.
- First Move Line Style: The line style of the first leg.
- First Move Line Width: The width of the first leg.
- Reversal Line Color: The line color of the reversal.
- Reversal Line Style: The line style of the reversal.
- Reversal Line Width: The line width of the reversal.
- Second Move Line Color: The line color of the second leg.
- Second Move Line Style: The line style of the second leg.
- Second Move Line Width: The width of the second leg.
Auto Strategy Compatibility Data:
The measured move indicator comes with 4 Series’ that can be used in automated strategies or other indicators.
- LegType: The leg that the measured move is currently on.
- LegType[0] = 1: First Bullish Leg
- LegType[0] = 2: Reversal Bearish Move
- LegType[0] = 3: Second Bullish Leg
- LegType[0] = 4: Bullish Target Price Was Hit
- LegType[0] = 5: Bullish Measured Move failed to hit target
- LegType[0] = -1: First Bearish Leg
- LegType[0] = -2: Reversal Bullish Move
- LegType[0] = -3: Second Bearish Leg
- LegType[0] = -4: Bearish Target Price Was Hit
- LegType[0] = -5: Bearish Measured Move failed to hit target
2. PriceTarget: The exact price of the target of measured move.
3. ReversalPrice: The lowest price of the reversal (failed measured move trigger).
4. ReversalPercent: The exact percent of first leg that measured move reversed to (not decimal form, ie. 45.23%).