Camarilla Pivot Levels from the Previous Day’s Range

Summary

The indicator constructs a central reference and four resistance and four support levels from the previous day’s high, low, and close. The previous close serves as the central pivot. Each surrounding level offsets that close by a fraction of the prior high-low range, scaled by 1.1; the support levels subtract those offsets and resistance levels add them. The output plots the levels for use as intraday reference points.

This is a level-calculation method, not a complete trading system. The document gives no entry or exit rules, market-specific guidance, or evidence about how often prices react at these levels. Users would need to choose how to interpret crossings or touches and test those rules against suitable data. The example also notes a naming adjustment for the second resistance variable because of a language constraint; the plotted level still represents the second resistance.

Key ideas

• The prior session’s high, low, and close are the inputs to the levels.
• The previous close is used as the central pivot.
• Four resistance and four support levels apply scaled fractions of the prior day’s range around that close.
• The document describes plotted reference levels, not a tested entry and exit strategy.
• The example renames the second resistance variable to avoid a programming-language naming conflict.

Tags

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