CAMARILLA - INDICATOR OF THE DAY

CAMRILLA PIVOT POINTS

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)


Camarilla Takes Previous days High Low and Close rate to find the levels for the day. Trading with Camarilla is very simple.

Eg : - lets take action at third layer . Buy at L3 and Sell at H3, your target is opposite pivot points then.
That means, if you sold at H3 your target is L3 and if you bouoght at L3 your target is H3.

The Fourth Layer L4 and H4 are reserved for break outs.

1. H3 Reversal Trade: Sell at H3, Target at L3.
2. L4 Breakout Trade: Sell at L4, Target at L5.
3. H3 Reversal Trade: Sell at H3, Target at L3.
4. L3 Reversal Trade: Buy at L3, Target at H3.




CAMARILLA PIVOT POINT ARE GOOD FOR INTRA DAY TRADERS. CLICK HERE TO DOWNLOAD CAMARILLA INDICATOR

CLICK HERE TO LEARN HOW TO INSTALL INDICATORS ON MT4

CLICK HERE TO DOWNLOAD XLS FILE FOR CAMARILLA.

CLICK HERE TO DOWNLOAD THE HELP FILES ON CAMARILLA.