A highly accurate Binary Amplitude-Shift-Keyed (BASK) ultrasonic tremor measurement system for use in isothermal air is developed. In this paper, we present a simple but efficient algorithm based upon phase shifts generated by three ultrasonic waves of different frequencies. By the proposed method, we can conduct larger range measurement than the phase-shift method and also get higher accuracy compared with the time-of-flight (TOF) method. Our microcomputer-based system includes two important parts. One of which is BASK modulation signal generator. The other is a phase meter designed to record and compute the phase shifts of the three different frequencies and the result motion is then sent to either an LCD for display or a PC for calibration. Experiments are done in the laboratory using BASK modulation for the frequencies of 200 Hz and 1 kHz with a 40 kHz carrier. The measurement accuracy of this measurement system in the reported experiments is within +/- 0.98 mm. The main advantages of this ultrasonic tremor measurement system are high resolution, narrow bandwidth requirement, low cost, and easy to be implemented.