Camarilla Pivots Monthly

Camarilla Pivots Monthly for NT8

Camarilla Pivots Monthly are similar to traditional pivot levels in that a main pivot is established with support and resistance levels above and below. Other Camarilla Pivots available from our Library includes the Camarilla Daily Pivots, Camarilla Weekly Pivots and the Camarilla N-Monthly Pivots.

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 Camarilla Pivot Points Monthly 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 Pivot Points establish areas of support and resistance.

To conclude, Camarilla Pivot Points are simple and versatile support / resistance areas that can be used in both sideways and trending markets. Specifically, the levels can be used 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 Pivot Points, 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 Pivot indicators available from the Session Tools category include the Daily Pivots, Weekly Pivots, Monthly Pivots and the N-Monthly Pivots indicators. Finally, the library contains Hourly Pivots, Rolling Pivots DailyRolling Pivots Weekly and Rolling Pivots Monthly. 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 LevelsCurrent 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