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.
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Yorumlar

Thank you for devloping this , please add two more level H5 & L5 developed franklin ochoa in his book secrete of pivot boss.
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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.
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Thanks for sharing!!!Newbie here,in your Opinion, Is this a fakeout or breakout is confirmed? Thanks
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HPotter Pollard
@Pollard, You are welcome.
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Really good stuff! Thanks for sharing mate!
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HPotter CoinDigger
@CoinDigger, You are welcome.
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Nice strategy; keep it up bro <3
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HPotter ICEKI
@ICEKI, ;)
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