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 High
close2pivot = 1 => above Pivot Line
close2pivot = -1 => below Pivot Line
close2pivot = -2 => below Pivot Low
Intraday ( 4 hours, 1 hour, 30 mins, 15 mins, 5 mins, 1 min)
NinjaTrader 8, SharkIndicators Bloodhound 1 or 2, and SharkIndicators Blackbird 1
Prices presented above are per Single Machine.
Version minor upgrades and bug fixes are included within the lifetime license. For more license details, review Terms of Service
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