About Camarilla Pivot and CPR for day traders
As compared to classic pivots where traders look for Resistance 1 and Support 1 levels, the most important levels for the Camarilla pivot point variation are the third and fourth levels. Examples of each level, along with what might be considered an appropriate trade action, are shown here:
Level Price Action
Resistance 4 1500.72 Long breakout
Resistance 3 1487.69 Go short
Resistance 2 1483.00
Resistance 1 1479.00
Support 1 1470.31
Support 2 1465.96
Support 3 1461.62 Go long
Support 4 1448.58 Short breakout
Camarilla Pivot and CPR for day traders Update
Monthly pivot calculation Modified.
Bugs fixes.
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