Camarilla Pivots Daily

Daily Camarilla Pivots

Camarilla Pivots Daily 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 Weekly Pivots, Camarilla Monthly Pivots and the Camarilla N-Monthly Pivots.

Indicator Description

The main Daily Camarilla Pivot is yesterday’s close and the input for the camarilla support / resistance  formulas is based on the previous session’s high, low, and close. The Camarilla Pivots Daily levels are calculated as follows:

  • Range = High – Low, for the prior day
  • 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 daily Camarilla Pivots establish areas of support and resistance.

To conclude, Camarilla pivot points are simple and versatile support / resistance levels 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 levels, 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 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.

Furthermore, you may consider average daily range levels for support / resistance. Our Indicator Spotlight discussed the Daily Range Projections and the Weekly Range Projections / Monthly Range Projections are also available from our Volatility Indicators category.

The indicator is available for NinjaTrader 8 and is compatible with our LizardRenko bars.