Camarilla Pivots

Modified on Mon, 08 May 2023 at 07:13 PM

The Camarilla Pivots Historical indicator plots historical data on the Camarilla pivot levels in the chart.The Camarilla pivots levels were developed in 1989 by Nick Scott. These levels are used as main support and resistance levels in the intraday trading.The levels are calculated using the following formula:

  • H6 = H5 + 1.168 * (H5 - H4)
  • 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
  • PP = (HIGH + LOW + CLOSE) / 3
  • 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)
  • L6 = CLOSE - (H6 - CLOSE)

The indicator view in the chart:

The indicator has the following parameters:


Colors
Pivot Range - set the Pivot level color.

High/Low Color - set the color of H,L levels, except H3 and L3.

In-between Color - set the color of H3 and L3 levels.

Drawing

Visual type - visual setting of the indicator display in the chart:

  • Line
  • Histogram
  • Hash
  • Block
  • Cross
  • Square
  • Dots
  • Up arrow
  • Down arrow
  • Axis label
  • Hide

Line style - setting of the line display style:

  • Dot
  • Solid
  • Dash
  • Dash - dot
  • Dash - dot - dot

Width - setting of the indicator line width.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article