Dynamic photoelasticity has been widely utilized to investigate the phenomena generated by impact loading. The dynamic parameters of structures, such as propagation of stress wave and stress concentration, are obtained through this method, which provide guidelines for structure design and optimization. In the previous studies, two-dimensional models are wildly used by researchers. In these models, the inaccuracy of the boundary conditions leads to error amplification during the conversion of the tested results into real ones. In this study of dynamic photoelasticity, three-dimensional models are used. An improved digital dynamic photoelastic system is also adopted to calculate elastic wave propagation in the medium, where the diode-pumped solid-state green laser and high-speed CCD are used as light source luminaries and recording system respectively. Based on these models, where the boundary conditions approach to true value, the resulting data are higher in resolution than is possible with other experimental techniques. This method has been adopted and tested successfully by generating better results with less amplification of errors.