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Trade with Camarilla Pivot

Camarilla Pivots is a instrument trader (bond) who made this formula based on Fibonacci & Market Profiling, camarilla comes from &quo...

Camarilla Pivots is a instrument trader (bond) who made this formula based on Fibonacci & Market Profiling, camarilla comes from "camera" which means a room, and can also mean a room that contains special people who can manipulate a market this time we try to trade with Camarilla analysis. Like Pivot Points, Caramilla based analyzes have psychological levels. A brief history Is a bond instrument trader who made this formula based on Fibonacci & Market Profiling, camarilla comes from "camera" which means a room, and can also mean a room that contains special people who can manipulate a market. Camarilla was originally made for trading on the S & P500, but according to Nick Stott, this formula can be applied in all markets. How to calculate the camarilla equation Where C = closing price, specifically in the forex market we use the closing market from the London Market; then it means Closing Market London = Opening Market London this day. 14:00 WIB - etc. off / at 15:00 WIB - etc. on)
H4 = [l.l*(H-L)/2]+C
H3 = [l.l*(H-L)/4]+C
H2 = [l.l*(H-L)/6]+C
HI = [1.1*(H-L)/12]+C
LI = C-[l.r(H-L)/12]
L2 = C-[l.l*(H-L)/6]
L3 = C-[l.l*(H-L)/4]
L4 = C-[l.l*(H-L)/2]
H = High yesterday. L = Low yesterday.
Rules of the camarilla equation The levels used in the camarilla equation are in practice only L4 & H4 for breakout trading (recommended for beginners), and L3 & H3 for reversal / bounce trading. While LI, L2, HI, & H2 levels are only used as a guide for support & resistance levels. But now there are metatrader indicators that can be directly used so we don't need to bother calculating them. Camarilla Indicator (mq4)
Trade with Camarilla Pivot

Trade with Camarilla Pivot
Explanation: If the Candlestick touches H3 SHORT then bounces = The trend will DOWN DOWN to PIVOT If it continues UP TO H4 LONG BREAKOUT then the price will increase UP H5 LB TARGET If the Candlestick touches L3 LONG then bounce back = Trend will RISE back towards PIVOT DOWN TO touch L4 SHORT BREAKOUT the price will be DOWN DOWN L5 SB TARGET Note. Can be added with indicators such as RSI If the camarilla Indicator when Clicked becomes a script, you can make it a Mql indicator of your MT4. then copy and paste the scrip.

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