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Camarilla Pivot Point Metatrader 4 Indicator

    The Camarilla pivot point indicator provides a new way of calculating the pivot point (PP) and accompanying support and resistance levels.

    • Used formula’s: Pivot point: (high price + low price + closing price)/3,
    • Resistance 1: closing price + (high – low for the give timeframe) x 1.1/12,
    • Support 1: closing price – (high – low for the give timeframe) x 1.1/12.

    General Assumptions

    Bullish: Price trades above the Camarilla pivot point (yellow line)

    Bearish: Price trades below the Camarilla pivot point (yellow line)

    Indicator Preferences

    Currency pairs: any
    Preferred Time frames: Up to the 4 hour charts
    Sessions: any

    Download

    Download the CamarillaOnly.mq4 indicator.

    Configurable Indicator Options

    Colors default: (Red, Yellow, Aqua)

    USD/JPY 15 Min Chart Example

    camarilla_pivots_mt4_indicator

    How to install the Camarilla Pivot Point custom indicator in Metatrader 4?

    • Download the CamarillaOnly.mq4 indicator to your computer.
    • Open your Metatrader 4 platform.
    • Open the data folder from the top menu.
    • Open the MQL4 folder.
    • Open the indicators folder.
    • Paste the indicator file in this folder.
    • Restart the trading platform.
    • Open any trading chart.
    • Attach the indicator to the chart.