OPEN-SOURCE SCRIPT
Expanded Camarilla Levels
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Hello Everyone,
The Expanded Camarilla Levels is introduced in the book "Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market" by Franklin Ochoa. I will not write a lot about the book, you should read it for yourself. There are many great ideas in the book, such using these levels, following trend, time price opportunity, Advanced Camarilla Concepts and much more.
The definition/formula of the levels defined in the book. (actualy L1, L2, H1 and H2 levels are not used in the strategy, so not shown on the chart)
RANGE = highhtf - lowhtf
H5 = (HIGH/ LOW) * CLOSE
H4 = CLOSE + RANGE * 1.1/2
H3 = CLOSE+ RANGE * 1.1/4
H2 = CLOSE+ RANGE * 1.1/6
H1 = CLOSE+ RANGE * 1.1/12
L1 = CLOSE- RANGE * 1.1/12
L2 = CLOSE- RANGE * 1.1/6
L3 = CLOSE- RANGE * 1.1/4
L4 = CLOSE- RANGE * 1.1/2
L5 = CLOSE- (H5 - CLOSE)
Levels:
Strategy: you need to take care of the candles, as you can see there is bearish candle on first part, and Bullish Candle on second part!
Another Strategy:
An Example:
ENJOY!
The Expanded Camarilla Levels is introduced in the book "Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market" by Franklin Ochoa. I will not write a lot about the book, you should read it for yourself. There are many great ideas in the book, such using these levels, following trend, time price opportunity, Advanced Camarilla Concepts and much more.
The definition/formula of the levels defined in the book. (actualy L1, L2, H1 and H2 levels are not used in the strategy, so not shown on the chart)
RANGE = highhtf - lowhtf
H5 = (HIGH/ LOW) * CLOSE
H4 = CLOSE + RANGE * 1.1/2
H3 = CLOSE+ RANGE * 1.1/4
H2 = CLOSE+ RANGE * 1.1/6
H1 = CLOSE+ RANGE * 1.1/12
L1 = CLOSE- RANGE * 1.1/12
L2 = CLOSE- RANGE * 1.1/6
L3 = CLOSE- RANGE * 1.1/4
L4 = CLOSE- RANGE * 1.1/2
L5 = CLOSE- (H5 - CLOSE)
Levels:
Strategy: you need to take care of the candles, as you can see there is bearish candle on first part, and Bullish Candle on second part!
Another Strategy:
An Example:
ENJOY!
Note di rilascio
ImprovedArrays used
H1/L1 and H2/L2 levels added as an option
round_to_mintick() function used
transp removed
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