Customer Support : 020-61923200, [email protected] | Call and Trade : 020-61923220
Creator : Nick Scott
Default period: NA
Camarilla Pivot Points provide potential intraday support and resistance levels. The Camarilla Indicator points are a set of 12 levels that represent support and resistance values for a current trend. There are four levels by default, two support and two resistance levels. It is possible to add up to 12 levels, i.e. six levels of support and six levels of resistance.
The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.
This indicator is available in the System Builder on RZone & TradePoint for all charting methods. Using the system builder, you can develop various strategies based on the different conditions already present in this indicator. Additionally, it can be used with other indicators or price patterns to develop effective trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.
Click here to learn more about the Camarilla indicator.
The indicator is applicable to all types of charting. It is calculated based on the number of columns on P&F charts, bricks on Renko charts, lines on Line-break charts, candles on Heikin-Ashi charts, and lines on Kagi charts. While the formula and reading of the indicators remain the same, they become more dynamic on these charts.