Camarilla
Pivots is a instrument trader (bond) who made this formula based on
Fibonacci & Market Profiling, camarilla comes from "camera"
which means a room, and can also mean a room that contains special
people who can manipulate a market this time we try to trade with
Camarilla analysis. Like Pivot Points, Caramilla based analyzes have
psychological levels. A brief history Is a bond instrument trader who
made this formula based on Fibonacci & Market Profiling,
camarilla comes from "camera" which means a room, and can
also mean a room that contains special people who can manipulate a
market. Camarilla was originally made for trading on the S &
P500, but according to Nick Stott, this formula can be applied in all
markets. How to calculate the camarilla equation Where C = closing
price, specifically in the forex market we use the closing market
from the London Market; then it means Closing Market London = Opening
Market London this day. 14:00 WIB - etc. off / at 15:00 WIB - etc.
on)
H4
= [l.l*(H-L)/2]+C
H3
= [l.l*(H-L)/4]+C
H2
= [l.l*(H-L)/6]+C
HI
= [1.1*(H-L)/12]+C
LI
= C-[l.r(H-L)/12]
L2
= C-[l.l*(H-L)/6]
L3
= C-[l.l*(H-L)/4]
L4
= C-[l.l*(H-L)/2]
H = High yesterday. L = Low yesterday.
H = High yesterday. L = Low yesterday.
Rules
of the camarilla equation The levels used in the camarilla equation
are in practice only L4 & H4 for breakout trading (recommended
for beginners), and L3 & H3 for reversal / bounce trading. While
LI, L2, HI, & H2 levels are only used as a guide for support &
resistance levels. But now there are metatrader indicators that can
be directly used so we don't need to bother calculating them.
Camarilla Indicator (mq4)
Explanation:
If the Candlestick touches H3 SHORT then bounces = The trend will
DOWN DOWN to PIVOT If it continues UP TO H4 LONG BREAKOUT then the
price will increase UP H5 LB TARGET If the Candlestick touches L3
LONG then bounce back = Trend will RISE back towards PIVOT DOWN TO
touch L4 SHORT BREAKOUT the price will be DOWN DOWN L5 SB TARGET
Note. Can be added with indicators such as RSI If the camarilla
Indicator when Clicked becomes a script, you can make it a Mql
indicator of your MT4. then copy and paste the scrip.
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