The Camarilla equation is known among Forex traders as the Camarilla Pivot Lines. These lines are very suitable for mid-day, short-term and scalpel transactions. So with a brief explanation, let’s download the Camarilla Pivot indicator.
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How to use and trade with the Camarilla Pivot indicator
Using the initial, final, maximum and minimum prices of the previous day, the Camarilla indicator creates 5 support lines and 5 resistance lines with its calculations. Usually the most important of these lines are L3, L4 and H3, H4.
The indicator that we provide to you in this section, in addition to calculating and drawing the mentioned lines, can also draw Fibonacci lines and pivot levels. To do this, simply turn the option for each in the indicator settings on or off.
The recommended charts for using the Camarilla equation are 15 minutes, 10 minutes, 5 minutes and one minute.
Camarilla Pivot Trading Rules
Wait for the price to reach L3 or h3 levels. These are the entry points. L3 for purchase and H3 for sale.
Camarilla Pivot Indicator
The two mentioned levels are support and resistance. At the support and resistance levels, the price is expected to stop and then return, whether short-term or long-term. This is why these surfaces are so important for scalpers. But trading in this way is very risky, because when the price reaches these levels, it is not clear in which direction it wants to move, whether it will return or break the level? So it is better to wait for the approval of Price Action and Candle Stick. If the price confirms the return route with Kendall, then we can enter the market. If the price crosses these important levels and a valid failure occurs, it can enter the market in the direction of failure.
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