Indicatorwarehouse – Day Ranger
Day Ranger Shows the Average Daily Range Instantly!
Instantly Know the Average Daily Range for Any Market or Time frame.
Day Ranger lets you see immediately whether a market is performing “normally.”
Day Ranger allows you to quickly calculate the average true range of what’s on your chart. It gives you the trend of that instrument, enabling you to track where in the trend you are. Day Ranger also helps you compare markets to see where the best opportunities may be.
The trend is your friend. You need to know when to stop and trade with the trend, and you need to know when the trend is about to stop and possibly reverse; or enter a sideways period.
Day ranger allows you to know the true range of what you’re trading. You know the average true range – instantly. This process is a tedious, time-consuming process without Day Ranger. You have to find the average, calculate the high, then figure out where you are in relation to that. 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 nimble in your trading.
- See instantly which markets are performing within their normal ranges
- Enables you to pick and choose which markets to trade with a higher degree of accuracy
- Compare ranges for different markets
- Get range information instantly – no time-consuming research or calculations
Use the Day Ranger as a way to figure out which markets to trade for the session.
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 ten-day range and the 30-day average range.
Use these ranges to figure out which markets have been exhausted – they have already moved their regular 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.
Day Ranger is the tool that exposes the markets that give you a better chance to profit.
Day Ranger can also show you the daily range trend, an important piece of information.