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Instantly know the average daily range for any market or time frame.

Day Ranger

Instantly see whether a market is performing “normally” and watch the potential High and Low for the current trading session.

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Day Ranger

Day Ranger $69.00

Instantly see whether a market is performing “normally” and watch the potential High and Low for the current trading session.

Your price: $69.00

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Day Ranger is the tool that exposes the markets that give you a better chance to profit.

Day Ranger allows you to easily calculate the average true range of what’s on your chart. It gives you the trend of that instrument, allowing you to track where in the trend you are. Day Ranger also helps you compare markets to see where the best opportunities may be. You know the average true range instantly. This is a tedious, time consuming process without Day Ranger.

In addition, you will see the predicted High Low levels for today. These are based on one of the used ranges. It can be based on Yesterday's range, 3-day range, 5-day range, or any other custom range. The checkmark will appear next to the range that was used for prediction.

Markets tend to move a certain amount during a 24-hour period. The Day Ranger gives you a display of the different day ranges – current day range, yesterday’s range, the five day range, the 10 day range and the 30 day average range. If you know you’re near the average high of your trend, you’ll trade accordingly.

Day Ranger allows you to be more accurate and skillful in your trading.

Features summary

  • See instantly which markets are performing within their own normal ranges.
  • Get visual range information instantly – no time consuming research or calculations.
  • Potential High/Low for today. The indicator can show you the potential High/Low levels, based on one of selected ranges.
  • Enables you to pick and choose which markets to trade with a higher degree of accuracy.
  • Set different daily periods or exclude some. For example, you may be interested only in two ranges: say, 7 and 18 days.
  • Change font, font size, color and place Day Ranger anywhere on your charts.

How to use

Use these ranges to figure out which markets have been exhausted – they have already moved their normal amount for the day and therefore probably won’t extend beyond that.

See instantly which markets still have plenty room to run compared to their average range for that time period, which means there could still be room for that market to make a profitable move.

By choosing the markets that haven’t moved very much yet compared to the typical daily range, you give yourself a better chance of catching the move, or the big move, of the day.

Compare ranges for different markets and use the Day Ranger as a way to figure out which markets to trade for the session.

Requirements

  • This indicator requires NinjaTrader version 7.
  • If you need, say, 50 days average then please make sure you have 50 days of data on your chart. For example, the default configuration requires 30 days of data (can be changed via parameters).

Installation

  1. Save the zip-file (no need to unzip) to the location of your choice

  2. Go to menu Control Center -> File -> Utilities -> Import NinjaScript...

  3. Select the saved zip-file in the opened dialog

  4. If everything is OK you will see a confirmation (otherwise an error will be displayed)

  5. Restart NinjaTrader and you are good to go!

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Risk Disclosure:
Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.