A++ Camarilla Chart

2021年5月5日

Chart Only

How to Use Camarilla Pivot Points

Camarilla Pivot Points offer guidance for both sideways and trending markets.
Trading the Camarilla Pivot Points is done on the basis of open price on the next day (or session).
Depending on where price opens, the tool can suggest a trade that could exploit a reversion to the mean or a breakout to new highs or lows.

CENTRAL PIVOT RANGE

Wide CPR >1%= possible ranging day within h3 to l3
Narrow CPR<1%= possible breakout/breakdown day…up to h5 or l5
CPR forming within previous day’s cpr =possible breakout/breakdown day…up to h5 or l5

The Rules Associated with this Indicator are as follows:

Look at the opening price for the stock/ futures / commodities /currency.

CAMARILLA PIVOTS POINT RULES FOR THIS INDICATOR

-------------------------------------------------- Scenario 1 --------------------------------------------------

------------------------- Case 1 - Open price is between H3 and L3 -------------------------

If CPR width >1%
For Long (strong buy signal)
Wait for the price to go below L3 and then when it moves back above L3, buy.
Stoploss- L4.
Target1 - H1
Target2 - H2
Target3 - H3
CPR Test Required? -(NO)

For Short Sell (strong sell signal)
Wait for the price to go above H3 and then when the price moves back below H3, sell.
Stoploss- H4.
Target1 - L1
Target2 - L2
Target3 - L3
CPR Test Required? - (NO)

------------------------- Case 2 - Open price is between H3 and L3 -------------------------

If CPR width >1% nd L3 or H3 are forming within the CPR

For Long (strong buy signal)
Wait for the price to go below L3 and then when it moves back above L3, buy.
Stoploss- L4
Target1 - H1
Target2 - H2
Target3 - H3
CPR Test Required? - (yes)

For Short Sell (strong sell signal)
Wait for the price to go above H3 and then when the price moves back below H3, sell.
Stoploss- H4
Target1 - L1
Target2 - L2
Target3 - L3
CPR Test Required? - (yes)

------------------------- Case 3 Open price is between H3 and L3-------------------------
Not Considering CPR

For Long
Wait for the price to go below L3 and then when it moves back above L3, buy.
Stoploss- L4
Target1 - H1
Target2 - H2
Target3 - H3

For Short Sell
Wait for the price to go above H3 and then when the price moves back below H3, sell.
Stoploss- H4
Target1 - L1
Target2 - L2
Target3 - L3

-------------------------------------------------- Scenario 2 --------------------------------------------------

Open price is between H3 and H4

IF CPR is narrow and width is <1 %

For Long
When price moves above H4, buy.
Stoploss - H3
Target 1 - H5
Target 2 - H6

For Short Sell
When the price goes below H3, sell.
Stopless- H4
Target1 - L1
Target2 - L2
Target3 - L3

-------------------------------------------------- Scenario 3 --------------------------------------------------

Open price is between L3 and L4

For Long
When price moves above L3, buy.
Stoploss - L4.
Target1 - H1
Target2 - H2
Target3 - H3

For Short Sell
When the price goes below L4, sell. Stoploss when price moves above L3.
Target 1 - L5
Target 2 - L6


-------------------------------------------------- Scenario 4 --------------------------------------------------

Open price is outside the H4 and L4

Wait for the prices to come in range and trade accordingly.