Camarilla indicator, also known as Camarilla pivot points, draws precise support, resistance, target and breakout levels for intra-day trading. Taking yesterday's price High, Low, Open, and Close points, Camarilla indicator calculates 11 levels. 5 "L" low levels, 5 "H" high levels, and a middle Pivot point.
In general, most often traded Camarilla levels are L3, L4 and H3, H4. In addition, Current Camarilla indicator also has built in regular Pivot points and Fibonacci levels. Both of which can be turn on or off in indicator settings menu. Time-frames used for trading with Camarilla equation are 15 min, 10 min, 5 min, and 1 min.
Like the Camarilla indicator and want to try it out? Do it with an AtoZ Approved broker for free:
How to trade with Camarilla indicator
Look for markets approaching L3 or H3 level, these are the levels of entry: long at L3 Long or short at H3 Short. At L3 support or H3 resistance levels market is expected to either reverse or permanently correct. Therefore, indicators such as the simple moving averages could help to determine the trend direction. Even better, candlestick trading strategy could be implemented.
When trading Camarilla breakouts, the trend is expected to continue in the direction of the breakout and therefore could be entered in the direction of the breakout. Meanwhile, profit targets are set to either L5 or H5 Camarilla levels. Finally, combining drown Camarilla indicator, Pivot Point, and Fibonacci retracement levels increase the strength of the level should they align. That said, don’t hesitate to experiment.
How to Install Camarilla indicator
How to install your indicator on MT4 platform:
1. Click on Download button below;
2. Save the file to your computer;
3. Move the .ex4 file into the following folder: meta traderexpertsindicators;
4. Restart your Metatrader platform;
5. Click the “Indicators” button in Metatrader toolbar;
6. Select “Custom”;
7. Search and select “Camarilla”;
8. Adjust settings or press OK to add the indicator to your selected chart;
Note: Camarilla indicator is developed by MetaQuotes Software Corp. and was sent by an AtoZ Markets follower from Russia, Dmitry. AtoZ Markets does not carry any copyrights over this trading tool.
Should you use the Camarilla indicator on your own at all?
Before you start trading with this Camarilla indicator for MT4, you'll want to read this.
Our in-house trading expert Dr Yury Safronau, PhD in Economic Sciences, gives you daily his best forex, metals, and cryptocurrencies to buy and sell signals right now.
His trading strategies which are based on non-linear dynamic models have achieved more than 65 000 pips of profits since 2015. And right now there are some very strong buy and sell signals across several markets you don't want to miss.
Want to see which ones?
Do you have a reliable indicator or EA? Would you like to share it with our users?