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Daily Deviation Counter Indicator from Rize Capital for NinjaTrader 8 - FREE for lifetime trading indicator for Day Traders and Swing Traders.
The Daily Deviation Counter - FREE Indicator is a professional-grade free indicator for NinjaTrader 8 platform. This indicator helps traders with technical analysis and market insights. Download now for free and enhance your trading strategy with this powerful tool from Rize Capital.
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This is one of the best Day Trading indicators, showing you how far the market has deviated for the day in ticks. If the market has stretched too high, you probably want to be mindful before you buy, and the Daily Deviation Counter can help you figure that out. If the market is already stretched too high, it may be wiser to sell with less risk and more odds in your favour. Similarly, the opposite applies when the market has stretched too low. This FREE indicator will help you find sweet spots to place trades for the day.
See how the Daily Deviation Counter - FREE Indicator looks in action with these screenshots
Learn how to use the Daily Deviation Counter - FREE Indicator to improve your trading
Daily Deviation Counter is a FREE for lifetime custom indicator, developed for both day traders and swing traders who want to try our products before subscribing to any premium products. As this indicator is FREE forever, you can subscribe to it without any obligation. This free NinjaTrader 8 custom-programmed indicator plots the average range for the user-selected period and also plots today’s live range of the market. If you are looking for a day trading indicator, you can use this tool to compare today’s market range and volatility live with the previous user-defined period’s average range. If today’s range crosses the average range for your defined period, and if the current market is at the top, then this might be the best opportunity to short, but if the market is at the bottom, it is the best opportunity to long. Even if you consider probability, it will give you an incomparable edge. But if you are a swing or long-term position trader, you can use it to measure market volatility and current market risk. For swing traders, it will be a very effective tool to pinpoint entry and exit. This indicator works on every market and any timeframe (TF). The range for the user-defined period and today’s range is plotted on a chart like the highlighted red rectangle area in Image 1.
The period is set to 5 by default, but you can change it from the period input parameter shown with the red rectangle in Image 2. Please keep the rest of the settings as they are to function the indicator effectively.
The Daily Deviation Counter - FREE Indicator is a professional-grade free NinjaTrader indicator designed to enhance your trading analysis and decision-making process. This powerful tool provides traders with advanced market insights and technical analysis capabilities, helping you identify potential trading opportunities with greater precision and confidence.
Installing and using the Daily Deviation Counter - FREE Indicator is straightforward. After downloading, simply import the indicator into your NinjaTrader 8 platform and apply it to your charts. The indicator works across all timeframes and market instruments, making it versatile for various trading strategies including day trading, swing trading, and scalping.
Rize Capital has been developing professional trading tools for NinjaTrader since 2018. Our indicators are used by thousands of traders worldwide and are known for their accuracy, reliability, and ease of use. All our free indicators come with comprehensive documentation and support.
Yes, the Daily Deviation Counter - FREE Indicator is completely free to download and use. You only need to create a free account with Rize Capital to access the download.
This indicator is specifically designed for NinjaTrader 8. For NinjaTrader 7 compatibility, please contact our support team.
Absolutely! This indicator is designed for both demo and live trading environments. However, we recommend testing thoroughly on a demo account first.
Yes, we provide basic support for all our free indicators through our community forum and documentation resources.
See how the Daily Deviation Counter - FREE Indicator has evolved over time
