Pivot Range

Have you wondered in the morning? "Should I trade long or short?"There are many techniques to answer this question, one of which is the Pivot Range.Pivot Range indicator uses the previous day's (open, close, high, low) in calculating the pivot line, the higher pivot line, and lower pivot line. In general, if above the higher line, traders trade longs, and below the lower line, they would go Short.The indicator offers many visual customization options and a transperant plot that compares the price (close) to the pivot range to enable strategy automation and use in Market Analyzer.close2pivot =. 2 =>. above Pivot Highclose2pivot = 1 => above Pivot Lineclose2pivot = -1 => below Pivot Lineclose2pivot = -2 => below Pivot Low