End-of-Day Floor and Camarilla Pivots for Index Support and Resistance

Summary

This indicator plots end-of-day pivot levels for cash-market indices using prior market data. Its central floor pivot is the average of the prior close, high, and low. It derives three support and three resistance levels around that pivot, and also plots the daily high, low, close, and previous-day high and low. The levels are presented as reference areas for gauging the primary trend and possible continuation or reversal.

The indicator also calculates Camarilla-style breakout levels above and below the prior close using the prior high-low range. These are described as potential breakout or support references, particularly near the cash-market open. The code is a charting aid that draws labeled levels, with an option to display them only for the current day. It offers no trade-entry rules, risk controls, or performance evidence, so the levels alone do not establish a profitable strategy. Their usefulness depends on the data period, market behavior, and how a trader interprets price interaction with them.

Key ideas

• The central floor pivot is calculated from the prior close, high, and low.
• Three support and resistance levels extend around the pivot as possible trend and reversal references.
• Camarilla breakout levels use the prior close and trading range.
• The indicator displays prior-session reference prices and can limit plotting to the current day.
• The document supplies no tested entry, exit, or risk-management rules.

Tags

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