ravishanthi

Camarilla Fibonachi Breakout Indicator with Alerts

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This Script can be used for Intraday Only.


This Script will Plot the following Lines in the Chart

1. VWAP (Colour will be ploted as per the following condition)

VWAP Line will Plotted in Green if Open Price is Greater Than Close
VWAP Line will Plotted in Red if Open Price is Less Than Close


2. VWMA ( VWMA Period used 14)

3. Atr Trailing Stoploss
(ATR Period 5, ATR Multiplier 2.5 is used to plot the Lines)

4. 15 Min High Low of the day will be plotted as dotted Purple lines



5. H4 as BuyAbove Level
6. H3 as Buy Stop Loss Level
7. H5 as Buy Target 1 Level
8. H6 as Buy Target 2 Level
9. H7 as Buy Target 3 Level
10. H8 as Buy Target 4 Level
11. H9 as Buy Bonus 1 Level
12. H10 as Buy Bonus 2 Level
13. H11 as Buy Bonus 3 Level
14. H12 as Buy Bonus 4 Level

15. L4 as Sell Below Level
16. L3 as Sell Stop Loss Level
17. L5 as Sell Target 1 Level
18. L6 as Sell Target 2 Level
19. L7 as Sell Target 3 Level
20. L8 as Sell Target 4 Level
21. L9 as Sell Bonus 1 Level
22. L10 as Sell Bonus 2 Level
23. L11 as Sell Bonus 3 Level
24. L12 as Sell Bonus 4 Level


This script will generate Buy signal on he following condition

1.Close Must be Greater than H4
if Calculate Inside Camarilla is Enabled then the Script will check whether Yesterdays H4 is Less than Todays H4
2.Close Must be Greater than VWAP
3. Volume Must be Greater Than 20 Period Simple Moveing Average
4.Buy Signal will be Displayed only Once for a Day.

This script will generate Sell signal on he following condition

1.Close Must be Less than L4
if Calculate Inside Camarilla is Enabled then the Script will check whether Yesterdays L4 is Less than Todays L4
2.Close Must be Less than VWAP
3. Volume Must be Greater Than 20 Period Simple Moveing Average
4.Sell Signal will be Displayed only Once for a Day.

and the Alert Message will be Generated for Buy and Sell






Release Notes: Improvements in this Version
1. Initial Balance Period can be Set by the User
2. Show/Hide Initial Balance High/Low
3. Show/Hide Standard Pivot Points
4. Show/Hide Previous Day High/Low/Close
Release Notes: in this version you can choose the way indicator values are plotted,
i.e.
if you choose default then values will be plotted in the chart as per tradingview default settings
if you choose continues plot then values will be plotted as a line upto the days end in the morning itself.
Release Notes: in this version previous day values are also covered under continuous line format while plotting the indicator values
Release Notes: In This Version Initial Balance is also Covered in continuous line plotting style.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

The Buy Above & Sell Below need to modify. Its not appearing correctly. Further, I found some stop lot hit issues at buy stop loss & sell stop loss. Will be great if you do the modification accordingly. Rest is awesome.
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Good strategy
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wow, Perfect Camarilla breakout Indicator Ever. Thank you Visu sir
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Thank you Sir
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