Camarilla Pivots N-Monthly

The Camarilla Pivots N-Monthly levels are similar to traditional pivot levels in that a main pivot is established with support and resistance levels above and below it. The main pivot is the prior N monthly session month’s close and the input for the camarilla support / resistance  formulas is based on the previous session’s high, low, and close.

Indicator Description

The Camarilla Pivots N-Monthly are calculated as follows:

  • Range = High – Low, for the N-Monthly time frame
  • 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 Camarilla N-Monthly Pivots establish areas of support and resistance.

The indicator is available for NinjaTrader 8.