To estimate a measured move based on a peak activity range, you can use the Peak Activity Range indicator by LuxAlgo on TradingView, or alternatively, manually clone the Price Range tool. These tools identify high-volume areas and project the range's height forward to target breakout moves. [1, 2, 3, 4]
Using the Peak Activity Range Indicator
The Peak Activity Range indicator by LuxAlgo automatically detects candles with significant volume spikes. It maps those specific price zones as horizontal support and resistance ranges and dynamically creates internal Volume Profiles for each zone. [1, 2, 3]
How to use it for measured moves:
- Identify the Zone: Wait for the indicator to map a high-volume peak activity range (which includes Range High, Midpoint, and Range Low). [1]
- Calculate the Height: Identify the height of this peak range by measuring the distance between the Range High and Range Low in points or ticks. [1, 2]
- Project the Move: When the price breaks out of the zone, the standard measured move projection is to add the range's height to the breakout point (if moving up) or subtract it (if moving down).
Manual Measured Moves in TradingView
Many traders prefer manually measuring consolidation patterns using tools like Price Range to estimate the magnitude of a breakout move. [1]
How to do it:
- Select the Price Range tool from the left toolbar in TradingView.
- Draw a box over the peak activity consolidation (from the top of the resistance level to the bottom of the support).
- Clone (Ctrl+C, Ctrl+V) the box and drag it upward or downward starting from the breakout point.
- The top/bottom of the cloned box indicates your target projection or expected measured move. [1]
If you want, let me know:
- What asset or timeframe are you analyzing?
- Would you like to know how to automate alerts for when price hits the measured move targets?
I can help you adjust the settings or find other technical tools that fit your exact workflow.
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