Measuredmove — Indicators and Strategies

Measured Move This indicator was made for those who look to profit on “Measured Moves.” Upon opening the settings one will need to set the time to begin (Start Time in settings) the colored background of the potential move areas, and the high (First Price Level in settings) and low (Second Price Level in settings) prices for the measured area for the measured move. After those are selected they can be easily moved on the chart. I created a table for the user to tap with the pointer to highlight the setting lines for easy adjustment. Measured moves are used by some algo’s and some traders to determine the take profit levels. They are moves from a particular pattern conclusion to a distance equal to that distance in the desired direction. This is an image of the measured move which occurred on Dec 13th, 2023 at about 1pm on the ES 1m chart: The center area in lightly shaded blue is the measured area. The green and red would be the same distance and would equate to the measured move distance. This example shows the same day – the second move up was a measured move by some traders: www.tradingview.com Again, the same day on the way down. This one didn’t quite complete the move: Again, same day on the way back up – almost perfect: And, finally, the same day for the last move up: This indicator will require the user to know what to look for in creating the measured movement. The script is quite simple – but, can be effective in assisting a user to know potential profit targets. I conducted several searches for “measured move” and found no other indicators that provide this functionality. I understand that one could use fibs to do the same thing – but, I didn’t want to have to alter the fib settings (which I use for actual fibs) to perform this functionality. Please comment with any questions/suggestions/etc.

Price Legs & Fib Projections: Fibonacci Confluence -Plots price legs based on two user input lookback numbers. Smaller number for small legs, larger number for large legs. -Plots Fib projections of these price legs, above and below; User can input four independent fib levels or standard deviation levels ## User Inputs ## ~Show visible chart only; Show price leg labels (time and price); show small legs (fibs and/or boxes); show large legs (fibs and/or boxes) ~Input 4 Fibonacci levels or measured move levels. Toggle each level on/off ~toggle on/off Fib levels ABOVE or fib levels BELOW ~extend Fib levels 'X' bars to the right, or toggle on/off 'Full Extend' to the right ## Tips & Notes ## -use 'Full Extend' together with 'visible chart only' if searching for multiple confluence of Fib levels. -can quickly get very cluttered, but the aim in writing this was to try to find area of confluence at a glance amongst a mess of levels, then hide the indicator and study/note that area. -if lines don't print toward the left hand side of the chart you've likely reached the max line limit set by Tradingview. -Fib level input of 1.0 represents zero % extension above the high or below the low of the leg; 2.0 represents 100% extension. 1hr S&P: Visible chart only; large legs only; 50%, 100%, 150%, 200% Fib extensions; Above only; lines extended fully to the right: Usage notes; 15m S&P: Small & Large price legs; partial extend; all fib levels above/below:

BTMM V2 Similar to the first BTMM (R.Noodle) this version of the script is tailored towards key level traders. This includes intraday, daily, and higher TF traders. **REMOVED** background tckr info, candle color according to day, and market sessions **Replaced**key levels & market sessions **NEW**initial balance analytics first Friday and every Monday Market Sessions UK=1ST 3HRS US=1ST 3 HRS =ASIA/DAILY INITIAL BALANCE = 1ST SESS 1ST 1HR HIGH/LOW Since the Asian session starts the day we can also grab the initial balance for the day as well. (note that using the Asian session extend function you will not be given the Asian session end time. Extend function makes the session close run through the entire day) INITIAL BALANCE PANEL/BOX WEEKLY INITIAL BALANCE PIP LINES double zero (00) and 50 pip levels are strong levels the market respects. one can reduce risk by entering at major confluences and key levels examlpe below FIRST FRIDAY + EVERY MONDAY KEY LEVELS you can have today, yesterday, last week, last month, last qtr, and last year along with the mid point of all. below are key levels for day traders