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Camarilla - Hexaurum Learning
Monthly, Weekly, Daily
Camarilla Levels
The Camarilla pivot levels are derived from the following key price parameters of the preceding trading session:
C = Prior day's closing price
H = Prior day's high price
L = Prior day's low price
Resistance Levels:
H5 = (H / L) × C (proprietary derivation for identifying extreme
resistance)
H4 = (H 3 L) × 1.1 / 2 + C
H3 = (H 3 L) × 1.1 / 4 + C
H2 = (H 3 L) × 1.1 / 6 + C
H1 = (H 3 L) × 1.1 / 12 + C
Support Levels:
L1 = C 3 (H 3 L) × 1.1 / 12
L2 = C 3 (H 3 L) × 1.1 / 6
L3 = C 3 (H 3 L) × 1.1 / 4
L4 = C 3 (H 3 L) × 1.1 / 2
L5 = C 3 (H5 3 C) (symmetrical derivation mirroring H5)
The Significance of the 1.1 Multiplier
The inclusion of a 1.1 multiplier in the formula incorporates a buffer for anticipated volatility expansion. The sequential divisors (2, 4, 6, 12) generate a
series of levels with decreasing incremental distances from the closing price, with each level delineating distinct probabilistic trading zones for potential
mean reversion or trend continuation.
Camarilla Levels
The Camarilla pivot levels are derived from the following key price parameters of the preceding trading session:
C = Prior day's closing price
H = Prior day's high price
L = Prior day's low price
Resistance Levels:
H5 = (H / L) × C (proprietary derivation for identifying extreme
resistance)
H4 = (H 3 L) × 1.1 / 2 + C
H3 = (H 3 L) × 1.1 / 4 + C
H2 = (H 3 L) × 1.1 / 6 + C
H1 = (H 3 L) × 1.1 / 12 + C
Support Levels:
L1 = C 3 (H 3 L) × 1.1 / 12
L2 = C 3 (H 3 L) × 1.1 / 6
L3 = C 3 (H 3 L) × 1.1 / 4
L4 = C 3 (H 3 L) × 1.1 / 2
L5 = C 3 (H5 3 C) (symmetrical derivation mirroring H5)
The Significance of the 1.1 Multiplier
The inclusion of a 1.1 multiplier in the formula incorporates a buffer for anticipated volatility expansion. The sequential divisors (2, 4, 6, 12) generate a
series of levels with decreasing incremental distances from the closing price, with each level delineating distinct probabilistic trading zones for potential
mean reversion or trend continuation.
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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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.