Camarilla Pivots Monthly are similar to traditional pivot levels in that a main pivot is established with support and resistance levels above and below. Check out our Indicator Spotlight post on how to apply Camarailla Pivots in ranging and trending trading setups (with video).
Indicator Description
The main Monthly Camarilla Pivot is last month’s close and the input for the camarilla support / resistance formulas is based on the previous session’s high, low, and close. The monthly Camarilla Pivot levels are calculated as follows:
- Range = High – Low, for the prior month
- R1, R2, R3, R4, R5 – Resistance levels
- S1, S2, S3, S4, S5 – Support levels
- R5 = (High / Low) * Close
- R4 = Close + Range * (1.1)/2
- R3 = Close + Range * (1.1)/4
- R2 = Close + Range * (1.1)/6
- R1 = Close + Range * (1.1)/12
- S1 = Close – Range * (1.1)/12
- S2 = Close – Range * (1.1)/6
- S3 = Close – Range * (1.1)/4
- S4 = Close – Range * (1.1)/2
- S5 = (Close – (R5 – Close))
The resulting levels above and below the monthly Camarilla Pivots establish areas of support and resistance.
To conclude, the monthly Camarilla Pivot Point indicator is a simple and versatile support / resistance tool that can be used in both sideways and trending markets. Specifically, one may use the levels to indicate both reversal and breakout setups. Generally, the S3 and R3 levels can be used to initiate reversal trades, whereas the S4 and R4 levels signal breakout scenarios.
The idea is to wait for the prices to interact with the Camarilla Pivots, prior to considering setups. Furthermore, these support / resistance levels may also be combined with other tools for technical analysis, i.e. trend filters and/or momentum oscillators.
Other Library indicators
Other Camarilla Pivot Points indicators available from our Library includes the Camarilla Daily Pivots, Camarilla Weekly Pivots and the Camarilla N-Monthly Pivots. Additional Pivot indicators available from the Session Tools category include the Daily Pivots, Weekly Pivots, Monthly Pivots and the N-Monthly Pivots indicators. The library also features Hourly Pivots, Rolling Pivots Daily, Rolling Pivots Weekly and Rolling Pivots Monthly. Finally, we also offer a Premium Suite for professional pivot trading. Our blogs have further information on trading with Pivot Points and the use of rolling pivots for trend detection.
The Indicator Library also has a category with Fibonacci indicators, including the Prior Day Fibonacci Levels, Current Week Fibonacci Levels / Prior Week Fibonacci Levels, the Current Month Fibonacci Levels / Prior Month Fibonacci Levels and the Current N Month Fibonacci Levels / Prior N Month Fibonacci Levels. Our Indicator Spotlight also discussed Fibonacci Retracement Levels specifically. Additionally, this category also contains the Fibonacci Bands indicator.
The indicator is available for NinjaTrader 8 and is compatible with our LizardRenko bars.
