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Range Finder™

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Product
Our Price: $225.00
 
Platforms:

Ninja Trader

Tradestation

MultiCharts

Description:

This powerful analysis tool gives the user an immediate indication at the day's Open whether the day will be an "Up" day, a "Down" day, or a "Sideways" day.

RangeFinderTM draws a set of three horizontal lines on an intraday chart.These lines consist of a green High Support line, a red Low Resistance line, and a white Daily Midline. If the price opens above the High Support line, we can assume that today will be an upward-trending day and that the High Support line will serve as a support level for prices during the day. Conversely, if the price opens below the Low Resistance line, we can assume that today will be an downward-trending day and that the Low Resistance line will serve as price resistance. If the price opens between the two lines, the lines will define the expected trading range for the day.

RangeFinderTM draws a set of three horizontal lines on an intraday chart. These lines consist of a green High Support line, a red Low Resistance line, and a white Daily Midline. If the price opens above the High Support line, we can assume that today will be an upward-trending day and that the High Support line will serve as a support level for prices during the day. Conversely, if the price opens below the Low Resistance line, we can assume that today will be an downward-trending day and that the Low Resistance line will serve as price resistance. If the price opens between the two lines, the lines will define the expected trading range for the day.

Available on:

TradeStation

Multicharts

 

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Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Full Risk Disclosure

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