Range Cone, the free indicator from edgetheorem

Most indicators promise to tell you where price goes next.

Range Cone measures one thing and says exactly what it measured.

We are a group of futures traders building single-purpose indicators for NinjaTrader Web and Tradovate. Range Cone is the first, and it is free: from the session open, it draws how far the median of the last 20 days had reached by every minute, so you can see when a move has already run. Ask for it below, and it is yours today.

With Range Cone on your chart you:

• See how much of a normal day is already used, at any minute of the session
• Know when the easy part of the move is done, before you pay full size for the rest
• Get a plain warning at the big-day edge, where only two days in ten ever go

Free, with no trial and no upgrade wall inside the tool. The file is yours to keep, and when the next indicator is ready you hear about it first.

What you get

Why it's free

Range Cone is free because a tool that measures should be easy to check, and the exchange is simple:

• You get an indicator that tells you how much of the day is already used
• We get to show what edgetheorem builds on your chart, not on a sales page
• The next indicators find their first readers before they are released

There is no catch inside the tool: no trial, no upgrade wall, no card. We ask one thing: if it shows you something on your market that we did not document, tell us.

Range Cone goes out in rounds of 100 copies, so that we can answer everyone who writes in.

Who this is for / not for

Range Cone is for futures day traders who:

• Trade ES, NQ, GC or CL, or their micros, on 1 to 15 minute charts in the regular session
• Want the chart to say how much of the day is already used, not where price goes next
• Trade the regular session, in simulation or live
• Understand that past ranges do not predict future ranges, and that simulated results do not guarantee future outcomes

It is not for swing trading, crypto, tick or range charts, or anyone looking for blind buy/sell arrows or an indicator that trades for them.

How you get it

Three steps, and the file is yours. Here is what happens, in order:

1. Ask for it: your name, email and mobile number. No card.
2. Set up a free NinjaTrader account and tell us your username. The simulation starts as a free trial, and we show you every screen. Already have an account? You skip straight to the file.
3. Range Cone is yours: paste the file into NinjaTrader Web's code editor, put it on a 5-minute chart, and read it in ten seconds.
4. That is it. When the next indicator is ready, you hear about it first, at the email you gave us.

What we ask in return

Nothing you have to do. If Range Cone shows you something on your market that we did not document, a line by email is welcome, and what changes in the next version is written back to you.