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{The way Camarilla works is that you input the variables into a flash
calculator in a members section of their website. It then outputs a total of
eight numbers, four of which are particularly 'significant' called the L3
and L4 levels - what they call the "L3" levels are high and low
Resistance/reversal levels, and the other two L4 levels are higher and
lower (respectively) 'breakout' points. The other four numbers are interim
S&R levels between the two main L3 numbers. The way you are supposed to use
these levels is to wait until price moves outside an L3 level, then take a
position when prices moves back inside and, hopefully, heading for the
other L3 level. Breakout levels are hopefully self explanatory. Basically
the same as Pivot points (if you think that they work for you) - different
numbers, but not really a big deal.
It might be a good idea to have the $TICK divergence in Data2 tell you that
the re-entry is about to occur.
If the price rests on a line for a while, it might be the signal that it is
going to breakout down or up.
Use the same as Pivot Point lines basically. Stops are at Pivot Points,
Resistance or Support Lines, or 5% above or below the entry. Projected exits
are Fibonacci lines or use reaction highs or lows as pivot stops to take you
out}
{Support Camarilla Lines - Place into TS as an Indicator - Need two as TS
cannot Plot 8 Lines, then put both onto the chart}
(Camarilla S}
Variables:
Segment (0),
Resist1Line (0),
Resist2Line (0),
Resist3Line (0),
Resist4Line (0),
Support1Line (0),
Support2Line (0),
Support3Line (0),
Support4Line (0);
{ Range = (HighD(1)-LowD(1))}
Segment = (HighD(1)-LowD(1)) * 0.092 {9.2%};
Resist4Line = CloseD(1) + (Segment * 6);
Resist3Line = CloseD(1) + (Segment * 3);
Resist2Line = CloseD(1) + (Segment * 2);
Resist1Line = CloseD(1) + (Segment * 1);
Support1Line = CloseD(1) - (Segment * 1);
Support2Line = CloseD(1) - (Segment * 2);
Support3Line = CloseD(1) - (Segment * 3);
Support4Line = CloseD(1) - (Segment * 6);
Value1 = Support1Line ;
Plot1( Value1, "S1", Tool_Green ) ;
Value2 = Support2Line ;
Plot2( Value2, "S2", Tool_LightGray ) ;
Value3 = Support3Line ;
Plot3( Value3, "Short_S3", Tool_Cyan ) ;
Value4 = Support4Line ;
Plot4( Value4, "Breakout_S4", Tool_DarkGreen ) ;
Condition1 = FALSE ;
If C >= Value4 then Condition1 = True;
if Condition1 = True then
Alert( " BreakoutShort" ) ;
{Camarilla R}
Variables:
Segment (0),
Resist1Line (0),
Resist2Line (0),
Resist3Line (0),
Resist4Line (0),
Support1Line (0),
Support2Line (0),
Support3Line (0),
Support4Line (0);
{ Range = (HighD(1)-LowD(1))}
Segment = (HighD(1)-LowD(1)) * 0.092;
Resist4Line = CloseD(1) + (Segment * 6);
Resist3Line = CloseD(1) + (Segment * 3);
Resist2Line = CloseD(1) + (Segment * 2);
Resist1Line = CloseD(1) + (Segment * 1);
Support1Line = CloseD(1) - (Segment * 1);
Support2Line = CloseD(1) - (Segment * 2);
Support3Line = CloseD(1) - (Segment * 3);
Support4Line = CloseD(1) - (Segment * 6);
Value1 = Resist1Line ;
Plot1( Value1, "R1", Tool_Green ) ;
Value2 = Resist2Line ;
Plot2( Value2, "R2", Tool_LightGray ) ;
Value3 = Resist3Line ;
Plot3( Value3, "R3_Long", Tool_Cyan ) ;
Value4 = Resist4Line ;
Plot4( Value4, "R4_Breakout", Tool_DarkGreen ) ;
Condition1 = FALSE ;
If C <= Value4 then Condition1 = True;
if Condition1 = True then
Alert( "BreakoutLong" ) ;
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