OPEN-SOURCE SCRIPT
Camarilla - formula updated for 5 and 6 levels
Since levels 5 and 6 formulas are kind of surrounded in mystery it's difficult to find a widely agreed one.
While for the level 5 there is some consensus the 6th one is hard to find. I updated level 5 with the most common use of lvl 5 formula , some links like this one forums.babypips.com/show-me-money-daytrading/44165-hourly-breakout-camarilla-pivots.html or from books (Secrets of a Pivot Boss) . Level 6 is a tough one, so please use this one experimentally . If you have other formulas for level 6, let me know. The 5 and 6 lvls are useful in volatile days.
forums.babypips.com/show-me-money-daytrading/44165-hourly-breakout-camarilla-pivots.html
While for the level 5 there is some consensus the 6th one is hard to find. I updated level 5 with the most common use of lvl 5 formula , some links like this one forums.babypips.com/show-me-money-daytrading/44165-hourly-breakout-camarilla-pivots.html or from books (Secrets of a Pivot Boss) . Level 6 is a tough one, so please use this one experimentally . If you have other formulas for level 6, let me know. The 5 and 6 lvls are useful in volatile days.
forums.babypips.com/show-me-money-daytrading/44165-hourly-breakout-camarilla-pivots.html
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.