Camarilla H4 and L4 Breakout Entries Using Prior-Day Levels

Summary

This open-source strategy calculates daily Camarilla levels from the prior day’s price data, including the H4 resistance and L4 support levels. It enters long when the current close is above prior-day H4 and short when the close is below prior-day L4. The script also calculates a three-period EMA, but the displayed entry logic does not use it for exits or trade filtering.

The document provides formulas and Pine Script entry conditions rather than a performance study. The accompanying author note asks how to add EMA-based exits and why some apparent intraday crossings did not generate entries; it reports no verified explanation or results. Because entries are checked on chart bars against daily levels, signals depend on timeframe and strategy execution settings. The excerpt does not specify risk controls, position sizing, or a complete exit plan, and it offers no evidence that the breakout rules are profitable.

Key ideas

• Prior-day Camarilla levels are calculated from high, low, and close data.
• A close above H4 triggers a long entry, while a close below L4 triggers a short entry.
• The calculated short EMA is not connected to the shown entry conditions or an exit rule.
• The document supplies no performance evidence and leaves risk controls and full exits unspecified.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.