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 Metatrader 4 indicator.

Configurable Indicator Options

Colors default: (Red, Yellow, Aqua)

USD/JPY 15 Min Chart Example

camarilla_pivots_mt4_indicator

Share Now!