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Breakout Trading Range Trading

Day Range Pro

Available with membership only

Unlock the power of precision trading with Day Range Pro – your indispensable tool for projecting intraday ranges and optimizing trading decisions.

Available with WaveOne Membership.

Instruments Supported

Stocks, Indices, Commodities, Crypto
Market Conditions Supported

Breakout Trading, Range Trading
Supports Options Trading

Yes
Recommended Timeframes

3 Min, 5 Min, 15 Min
Recommended For

Intermediate traders, Professional traders
Supported Trading Types

Intraday (day trading)

Access to this product is exclusively available for WaveOne members.

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Description

Step into the realm of confident day trading with Day Range Pro – your ultimate companion for forecasting market movement and maximizing profits.

Best Tool For Every Day Trader.

  • Enhance Your Intraday Trading: Day Range Pro offers precise projections within just 5 minutes of market opening, empowering day traders to make informed decisions swiftly.
  • Best Tools For Options Traders: Provides you precision in knowing range for options writing and buyer's trend building, breakout, worthless expiry forecast, etc.
  • Versatile Timeframe & Multi-instrument Compatibility: Whether you trade Crypto or Options, using 3 min or 15-minute intervals timeframes, Day Range Pro adapts to your strategy, ensuring accuracy and flexibility in any trading session.
  • Visual Guidance for Trading Decisions: Easily track market movement with clear indicators like dotted lines and markers for reversals, enabling you to spot potential entry and exit points with ease.
  • Maximize Profit Potential: Leverage translucent red and blue zones to identify final expected targets, helping you capitalize on market trends and anticipate significant movements for optimized profits.
  • Stay Ahead of Market Shifts: With Day Range Pro, anticipate market shifts and position your trades strategically, ensuring you're always steps ahead in the dynamic world of day trading.
  • Minimize Risk with Stop Placement: Utilize Day Range Pro to determine precise stop placement, mitigating risks and protecting your investments effectively.
How To Use

Applying WaveNodes Modules: A Step-by-Step Guide

  1. Visit TradingView.com: Go to tradingview.com in your web browser.
  2. Log In: Sign in to your TradingView account using your username and password.
  3. Open Any Chart: Once logged in, open any chart you'd like to analyze.
  4. Click on "Indicators": Look for the "Indicators" option located in the top bar above the chart.
  5. Navigate to Invite-only Scripts: Within the Indicators menu, find and select "Invite-only Scripts".
  6. Select Modules: From the list of available modules, choose the WaveNodes modules you wish to apply to the chart.
  7. Apply Modules: Click on the selected modules to apply them to your chart.

 

How to Use Day Range Pro:

Important: Watch our exclusive video on "Options Trading using Day Range Pro" available in the WaveNodes members section.

  1. Set Your Timeframe: Choose your preferred timeframe, 3 or 5 minutes (15 minutes or longer for Crypto), based on your trading session duration and market type.
  2. Monitor Dotted Lines: Keep an eye on breaches of dotted lines, indicating potential pauses in market movement towards the next dotted line.
  3. Identify Reversal Points: Look out for intermittent solid red and blue markers, signaling market reversals for potential entry or exit points.
  4. Utilize Translucent Zones: Pay attention to translucent red and blue zones, representing the day's final expected targets, to anticipate significant market movements.
  5. Optimize Stop Placement: Determine precise stop placement using Day Range Pro to minimize risks and protect your investments effectively.