Camarilla Historical Levels and Their Session-Based Structure

Summary

The document introduces a modified historical Camarilla indicator and explains how Camarilla levels are organized around the prior session’s closing price. It describes two groups: lower levels labeled L and upper levels labeled H, each numbered from one to five. The calculations use the previous session’s open, close, high, and low, and the levels are intended to support trading decisions.

The text says the original equation had eight levels and later versions had ten. It notes that levels one and two are commonly left out because their values are small, while L5 and H5 remain relevant. This is a description of the indicator’s structure, not a complete trading system: it gives no precise formulas, entry or exit rules, performance evidence, or risk controls. Its account of how to trade the levels is therefore limited, and the document does not establish that the levels predict price behavior.

Key ideas

• Camarilla levels are calculated from the prior session’s open, close, high, and low.
• The indicator groups lower levels as L1 through L5 and upper levels as H1 through H5 around the prior close.
• The document says levels one and two are often excluded because their values are comparatively small.
• It specifically cautions against excluding the fifth lower and upper levels.
• The text describes indicator structure but provides no trading rules or performance evaluation.

Tags

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