HPotter

Camarilla Pivot Points V2 Strategy

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.

WARNING:
- For purpose educate only
- This script to change bars colors.
Ta bort från favoritskript Lägg till som favoritskript

Kommentarer

hi,anyone else who can tell me how to use these codes?plz thank you !
Svara
HPotter vincychanforever
@vincychanforever, Click - Add to favorites and look it in the your scripts list
Svara
Thank you for devloping this , please add two more level H5 & L5 developed franklin ochoa in his book secrete of pivot boss.
Svara
@ILU407, frank ochoa did not develop levels 5 and 6 my man. I have that book. but those levels been around. The thing he does is utilize CPR and trade breakout the width of range by different % levels
Svara
hi, newbie here still learning pinescript, how can you turn this (or any custom strategy) into a screener that signals the stocks that changes direction according to the strategy (ie. red to green or green to red)? Thanks.
Svara
Thanks for sharing!!!Newbie here,in your Opinion, Is this a fakeout or breakout is confirmed? Thanks
Svara
HPotter Pollard
@Pollard, You are welcome.
Svara
Really good stuff! Thanks for sharing mate!
Svara
HPotter CoinDigger
@CoinDigger, You are welcome.
Svara
Hem Aktie-screener Forex-screener Krypto-screener Ekonomisk kalender Hur det fungerar Diagramfunktioner Priser Tipsa en vän Ordningsregler Hjälpcenter Webbsidor och mäklarlösningar Widgets Diagramlösningar Lightweight Charting Library Blogg och nyheter Twitter
Profil Profilinställningar Konto och fakturering Hänvisade vänner Mynt Mina kölappar Hjälpcenter Publicerade idéer Följare Följer Privata meddelanden Chatt Logga ut