Click here to Login








Camarilla Pivot Points Study

by QuantShare, 4877 days ago
Share |


Camarilla Pivot Points can be displayed on a chart using this drawing tool. By moving the mouse cursor over a chart, this item shows the pivot point, 4 support lines and 4 resistance lines for the selected bar.
The support and resistance pivot points created by the camarilla equation uses the previous bar's close, high and low price. For example, the resistance level 1 or R1 is calculated by multiplying the high minus the low by 1.08 and then adding the result to the close price.

As you move your mouse over a chart, the resistance and support line are redrawn based on the selected bar. The current level of each support and resistance are displayed on the right of the chart.
Resistance lines are shown in green, while support lines are shown in red. The name of each line is displayed next to it. For example: next to the resistance level 1 line, the text "R1" is displayed.

You can easily create other studies such as the classic pivot points, woodie pivot points and Tom DeMark's pivot points. You just need to update the value that is passed to the DrawLine function.

Camarilla Pivot Points can also be used as a trading indicator in order to detect potential supports and resistances and optimize order entries and exists. The indicator can be downloaded here: Camarilla Pivot Points - Supports and Resistances.




You have to log in to bookmark this object
What is this?




Type: Custom Drawing Tool

Object ID: 576


Country:
All

Market: All

Style:
Technical Analysis

Reviews
You must log in first

Join now
and get instant access for free to the trading software, the Sharing server and the Social network website.
Click here


Related objects

Empty

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

Technical Analysis


Fundamental Analysis



Random Blog Posts

Optimize a trading strategy using the Sharpe ratio

How to create a trading indicator that uses stock news

How to create your own technical analysis indicators

Create a stock index or a trading indicator using the composite tools

Create a trading strategy using the money management tool - Part 2

Create a trading strategy using the money management tool - Part 1

How to create a market timing system - Part 3

Correlation of market indicators

Show All

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object






QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright © 2024 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.