Camarilla pivot point formula is the refined form of existing classic pivot point formula. The Camarilla method was developed by Nick Stott who was a very successful bond trader. What makes it better is the use of Fibonacci numbers in calculation of levels.
Camarilla equations are used to calculate intraday support and resistance levels using the previous days volatility spread. Camarilla equations take previous day’s high, low and close as input and generates 8 levels of intraday support and resistance based on pivot points. There are 4 levels above pivot point and 4 levels below pivot points. The most important levels are L3 L4 and H3 H4. H3 and L3 are the levels to go against the trend with stop loss around H4 or L4 . While L4 and H4 are considered as breakout levels when these levels are breached its time to trade with the trend.
Can we make this not repaint when using daily pivot in lower timeframes?
LIONMARKETTRADES
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hi hopefully someone can help me. are these pivots charted with an additional fib calculation ? i understand the first set of source code that is what the code should be. is there a fib calc somewhere here im missing? also do these still repaint? for example , on the 1 minute the line changes to different price levels?
LIONMARKETTRADES
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@MaxSimpleTrades, also there wasnt a detailed description of why fib based cam pivots are better except whole numbers.
NicolaeHarabor
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Sorry but on the graph I don't see the l3h3 or the h4
Pollard
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As usual u r the best excellent work..keep it up..