HPotter

Camarilla Pivot Points V2 Backtest

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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Kommentare

it repaints.....
+2 Antworten
eladlevi akhmadov55556666
@akhmadov55556666, how can you see that this is repaint?
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What a gem! Thanks, Potter.
+1 Antworten
HPotter ForceOfNorway
@ForceOfNorway, You are welcome.
+1 Antworten
Nice work potter!
+1 Antworten
HPotter mmsoccer
@mmsoccer, Thank you.
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@HPotter, I am a full time camarilla trader and I love the system and implement pivot boss CPR instead of levels 1-2. question.. this strategy is fairly useful. I think it would be worth it to add an option to play breakout buys on s4 to s5 and r4 to r5. and maybe a stop loss function and between 3 an 4 or 4 to best get a REAL picture of what its like trading it. thoughts? is possible?
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Hi Harry,

How can i identify which is L3 L4 and H3 H4 using the arrows as they are not marked, just shows long,short and +2 at each arrow and I'm not sure which level is which. Could you please clarify.

Thank you in advance!!
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HPotter gerenahood
@gerenahood, In the settings you set level where will be trade. It only one level in the moment.
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gerenahood HPotter
@HPotter, ok i leave it as default and use it on 1hr chart. But im confused as in the description you say we should go against the trend on the L3 H3 levels, so when the singnal shows up, for example red arrow for short, do i sell or do i go against it and buy?
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