Previous Day High/Low ±0.5%

The simple script was written for the educational purposes, to check if the simple system can help to hedge your strategic portfolio. Mainly works with Indexes (tested on IRUS). You can optimize strategy by changing the % in the pine code. Working mainly on D timeframe.

Current script gives you the lines on the graph, you should check if the current day close price is above the high line - buy, if below - close your buy, or reverce your position to sell, if you go in short.