Daily Range Zones

Elevate your trading strategy with the Day Range Zones Indicator for NinjaTrader 8. Designed to provide critical insights into daily price movements, this powerful tool calculates potential day trading ranges from the opening price and determines key zones using historical ranges and standard deviations. Perfect for intraday traders, this indicator helps you anticipate price movements, manage risks, and identify key support and resistance areas. Key Features Accurate Range Calculation: Calculates potential daily trading range from the open price, leveraging historical average ranges. Standard Deviation Zones: Utilizes standard deviation to identify additional zones, indicating areas of potential price movement. Visual Indicators: Provides a table displaying the distance from high and low, and automatically creates the next zone. Dual Averaging Calculations: Offers both short-term and long-term averaging to accommodate different trading strategies. Support and Resistance Identification