Daily Deviation Counter - FREE Indicator - Free NinjaTrader 8 Indicator Download
Download Free Daily Deviation Counter - FREE Indicator for NinjaTrader 8 Platform
Daily Deviation Counter Indicator from Rize Capital for NinjaTrader 8 - FREE for lifetime trading indicator for Day Traders and Swing Traders.
Key Features of Daily Deviation Counter - FREE Indicator
- FREE for Lifetime
- Save money every month
- Access to all future updates to this indicator
- 24/7 update and technical support
About This Free NinjaTrader Indicator
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.
Download Information
- Platform: NinjaTrader 8
- Price: Free (No subscription fees)
- License: Lifetime access
- Support: Professional support included
- Updates: Regular updates provided
Installation Requirements
- NinjaTrader 8 platform installed
- Windows operating system
- Basic knowledge of NinjaTrader indicators
Daily Deviation Counter - FREE Indicator
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Free NinjaTrader Indicator - Daily Deviation Counter - FREE Indicator
INDICATOR
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Key Features
- FREE for Lifetime
- Save money every month
- Access to all future updates to this indicator
- 24/7 update and technical support
By downloading, you agree with our Terms & Conditions
This indicator is really useful for Day Trading, 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.
Gallery
See how the Daily Deviation Counter - FREE Indicator looks in action with these screenshots
Indicator Details
Learn how to use the Daily Deviation Counter - FREE Indicator to improve your trading
Daily Deviation Counter
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 a day trader, with this indicator, you can 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.
About Daily Deviation Counter - FREE Indicator - Free NinjaTrader Indicator
What is Daily Deviation Counter - FREE Indicator?
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.
Key Benefits
- Enhanced market analysis and trend identification
- Real-time signal generation for better timing
- Customizable parameters to suit your trading style
- Compatible with all NinjaTrader 8 platforms
- Professional-grade accuracy and reliability
- Completely free with lifetime access
How to Use This Indicator
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.
Technical Requirements
- NinjaTrader 8 platform (any version)
- Windows operating system
- Basic understanding of technical analysis
- Active trading account (demo or live)
Why Choose Rize Capital Indicators?
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.
Frequently Asked Questions
Is this indicator really free?
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.
Does it work with NinjaTrader 7?
This indicator is specifically designed for NinjaTrader 8. For NinjaTrader 7 compatibility, please contact our support team.
Can I use this for live trading?
Absolutely! This indicator is designed for both demo and live trading environments. However, we recommend testing thoroughly on a demo account first.
Is support included?
Yes, we provide basic support for all our free indicators through our community forum and documentation resources.
Version History
See how the Daily Deviation Counter - FREE Indicator has evolved over time
Version 5.2.0.1
- Today's range added to compare with other info
- User-defined period number added to the plot
- Calculation is changed to each tick
- Can be used on any TF and any instrument
- Auto update and announcement added
Version 5.1.0.1
- "Can be used on Forex pairs"|
- Plots the current day's range