Why you'll love Daily Range Average Indicator...
You know those people who have three, four, or more screens on their desks so they can have as much information as possible in front of them? In trading that can be very helpful. You don’t want to miss anything important. What if you could get a single multi-tasking chart that gives you a lot of information without all the screens? The Daily Range Average Indicator offers you just that. It layers customizable information that will help you find your next big opportunity.
The Daily Range Average Indicator for NinjaTrader helps you . . .
- Customize the time period (typically regular trading hours) to your strategy for short to longer term data that informs opportunities
- Track the x day average and customize it to your preferences for time frame
- Take in the broad view with a chart that displays project open to low, open to high, and high to low range
- Add 2 projected standard deviations on high and 2 projected standard deviations to low to layer in more information
- Calculate with the most recent price movements when you weight current day’s price action
- Overlay a range and additional customized projections on top of the rest of the chart so you can take it all in at once
- Discern information easily with 2 shades in the range indicating open high to projected open high and open high to projected open low
- Enjoy a huge amount of information in one view for easy comparison and decision making
Overlay a vast amount of information with the Daily Range Average Indicator with customized weight and adjustable timing to project the next opportunity in line with your trading strategy.
