Flexible Intraday Camarilla Pivot Levels Across Timeframes

Summary

This indicator calculates intraday Camarilla pivot levels using user-selected periods and a defined session window. The user chooses a calculation interval from the supported set of minute periods and specifies the session start and finish in time format. The first calculation begins after one full interval has elapsed from the start. At each interval change, the method captures the prior interval’s high, low, and close, then uses the close as the central level and the high-low range to derive four resistance and four support levels.

The description says the design aims to work on small chart timeframes and handle empty bars by detecting interval boundaries from bar times. Levels are shown only during the configured intraday window; outside it, the outputs are set to zero. This is an indicator calculation, not a trading strategy, and the document provides no test results or evidence that its levels predict reversals or breakouts. Session timing and supported intervals constrain its use, while the text does not discuss market-specific validation.

Key ideas

• The indicator computes Camarilla levels over configurable intraday periods and session times.
• Each new period uses the previous period’s high, low, and close as inputs.
• The prior close serves as the central level, while the prior range determines support and resistance distances.
• The first calculation occurs one selected interval after the session start.
• The document describes level plotting mechanics but provides no evidence of trading performance.

Tags

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