Daily Change – FREE Indicator: Everything you should know

Technical analysis is a broad concept that includes the use of various trading indicators which are tools designed to help traders have an in-depth understanding of market signals, trends or patterns. Because of their immense popularity, many forms of trading indicators – including the Daily Change FREE Indicator by Rize Capital have emerged over the years.

Leading and Lagging Indicators

Most of these trading indicators will usually be grouped under the two main classifications – leading indicators and lagging indicators. A leading indicator helps traders to forecast or anticipate future market movements. In contrast, a lagging indicator is one that uses past trends to provide delayed (or lagged) feedback on market momentum. This implies that lagging indicators provide signals on price movements that have either occurred or are presently occurring. Leading indicators are often very quick in their reaction to market prices. This can be advantageous if you are a short-term trader. But sometimes, they can send false signals and the trends they predict can suddenly reverse. So caution is key. Unlike leading indicators, lagging indicators react more slowly to market movements. Though this implies a bit more trading accuracy, depending on lagging indicators can make a trader enter the market late. It follows, therefore, that a good trader should combine both approaches rather than rely on just one.

What is a Daily Change – FREE Indicator

The Daily Change – FREE Indicator is a real-time indicator which is designed mainly for those who trade based on daily market change. It plots daily price change in percentage terms for any instrument in the financial market. It is a custom free for LifeTime indicator developed by Rize Capital for traders to use on the NinjaTrader 8 platform.

Features/Benefits of the Daily Change – Free Indicator

• FREE for a lifetime
• Saves you money monthly (since it is free)
• Access to future updates
• 24/7 technical support
• The Daily Change – FREE Indicator is a simple and effective tool when it comes to making your trading decisions; because if you know how far the market has moved today, then you’ll be in a position to make an informed trading or investment decision
• It can be used alongside other indicators to determine your trading strategy
• A very useful tool for day traders and those that trade on market volatility
• When the price change is positive, it plots in green color and in red when negative 
• By default, the daily price change figure is plotted at the top right corner of the chart. However, you can change this default location to any of the 4 available options
• Possible to customize things like color, font type, size etc
• Can be used on any instrument in any market but strictly on an intraday time frame
• Cannot be used in daily weekly or longer-term time frames (will show a message)
• If you change the instrument, it updates its calculation automatically, to enable you making very quick decisions about your trading and investment when necessary.
• You can unsubscribe at any time without any obligation

How to Download the Daily Change – Free Indicator

Downloading and installing the Daily Change – FREE Indicator is simple. All you need to do is go to the Rize Capital website and register for a free account. Your free account is important because, without it, you’ll not be granted login access to download and install the Daily Change – FREE Indicator .

The registration process is easy and won’t take much of your time. Just provide the required information in the spaces provided (as shown in the image below) and you are ready to commence your download. Remember that while they bring significant value to users, free versions of Rize Capital products are a dress rehearsal for the premium products that offer even more functionality and value.