VR Pivot Camarilla

Review

Pivot Camarilla draws 10 lines according to the formulas described above and a vertical line for the ability to move levels through the history. This code was written in order to test and study the camarilla pivot levels.

Unlike standard programs, this script uses the looping method, so the script itself is not removed from the chart. Pivot Camarilla is manually removed from the chart.

The levels of the Pivot Camarilla indicator are calculated using the following formulas:

Advantages

VR Pivot Camarilla is made as a script, the script does not take up the flow of the indicator or adviser.

Algorithm of operation

Pivot levels are calculated using the following formulas:

• c - the closing price of
• h - the highest price
• l – the lowest price

Resistance:

• H1= c + (h-l)*1.1 /12
• H2= c + (h-l)*1.1 /6
• H3= c + (h-l)*1.1 /4
• H4= c + (h-l)*1.1 /2
• H5 = (h/l)*c

Support:

• L1= c - (h-l)*1.1 /12
• L2= c - (h-low)*1.1 /6
• L3= c - (h-l)*1.1 /4
• L4= c - (h-l)*1.1 /2
• L5 = c- (H5 - c)

Profitability

The script does not trade automatically, so the yield depends on the knowledge and skills of the trader to apply the camarilla Pivot levels.

Recommendations

Use the script in conjunction with Your trading strategy

Settings

The script doesn't have any settings.

Video

There is no video for the script

Planned

• Rewrite the script completely converting it into an indicator
• Make a video review
• To add settings

What's in the archive

The archive contains a file for Metatrader 4 VR - - - PivotCamarilla.ex4

FAQ

Without question

Reviews and discussions