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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.