Camarilla NX v2

il y a 15 heures

Camarilla Pivot Points (Daily/Weekly)

Overview
The Camarilla Pivot Points indicator is a powerful overlay tool designed for TradingView, based on the Camarilla equation—a mathematical price action method originally discovered by trader Nick Scott in 1989. Unlike traditional pivot points that rely on a central pivot (e.g., (High + Low + Close)/3), Camarilla pivots emphasize the previous period's close and range to generate eight key levels: four resistance (R1–R4) and four support (S1–S4). These levels are particularly useful for identifying potential intraday reversal zones, breakout opportunities, and range-bound trading scenarios.

This custom indicator plots these levels using data from the previous daily (D1) or weekly (W1) candle, ensuring consistency across any timeframe (e.g., 1-minute to monthly charts). It displays historical levels in a stepped manner, allowing traders to visualize how past pivots interacted with price action over time. The levels remain fixed for the entire current period (day or week), updating only at the start of a new one.

Calculation Formula
Camarilla Pivot Points are calculated using the high (H), low (L), and close (C) from the previous period (daily or weekly, as selected). There is no central pivot point; instead, the formula focuses on the range and applies multipliers derived from the "1.1" factor (a constant in the Camarilla equation, representing an approximation of market volatility).

Range = Previous High (H) - Previous Low (L)

Resistance Levels:

R1 = C + (Range × 1.1 / 12)
R2 = C + (Range × 1.1 / 6)
R3 = C + (Range × 1.1 / 4)
R4 = C + (Range × 1.1 / 2)
Support Levels:

S1 = C - (Range × 1.1 / 12)
S2 = C - (Range × 1.1 / 6)
S3 = C - (Range × 1.1 / 4)
S4 = C - (Range × 1.1 / 2)
These multipliers (1/12, 1/6, 1/4, 1/2) create progressively wider levels, with R3/S3 often acting as strong reversal points and R4/S4 as extreme breakout targets. Note: Some variations include additional levels (e.g., R5/S5 for longer holds), but this indicator focuses on the core eight for intraday focus.

Features
Resolution Selection: Choose between "Daily" (based on the previous D1 candle) or "Weekly" (based on the previous W1 candle) via a simple input dropdown. This allows flexibility for short-term scalpers (daily) or swing traders (weekly).
Custom Line Styles: Select from various plot styles, including Line, Line with Breaks, Stepline, Stepline with Breaks, Stepline Diamond, Circles, or Cross. Stepline is the default for clear historical visualization, showing level changes at the start of each new period.
Adjustable Appearance: Customize line width (from 1 to 5) for visibility on busy charts. Separate color inputs for resistance (default: red) and support (default: green) lines enable easy theme matching or emphasis.
Historical Display: Automatically plots past levels in a stepped format, extending back up to 500 bars (configurable via max_bars_back). This helps in backtesting and pattern recognition without recalculating on every bar.
Performance Optimization: Uses efficient Pine Script v6 logic to fetch higher-timeframe data without repainting, ensuring reliable real-time and historical accuracy.
Usage and Strategies
This indicator shines in volatile markets like forex, stocks, or cryptocurrencies, where it helps predict intraday price boundaries. Key strategies include:

Breakout Trading: Buy above R4 or sell below S4 for strong trends, with stops near R3/S3.
Reversal Trading: Fade moves at R3/S3 levels, expecting pullbacks to the inner levels (R1/S1).
Range Trading: Trade bounces between S1–R1 during low-volatility sessions, using S2/R2 as confirmation.
Combination with Other Tools: Pair with volume indicators, RSI, or candlestick patterns for higher-probability setups. For example, a bullish engulfing at S3 could signal a reversal to R3.
Ideal for intraday traders focusing on breakout and reversal strategies, this indicator provides a mathematical edge by highlighting "hidden" support/resistance not visible in standard pivots. Always combine with risk management, as no indicator guarantees profits.

il y a 15 heures

Notes de version

Camarilla Pivot Points (Daily/Weekly)

Overview
The Camarilla Pivot Points indicator is a powerful overlay tool designed for TradingView, based on the Camarilla equation—a mathematical price action method originally discovered by trader Nick Scott in 1989. Unlike traditional pivot points that rely on a central pivot (e.g., (High + Low + Close)/3), Camarilla pivots emphasize the previous period's close and range to generate eight key levels: four resistance (R1–R4) and four support (S1–S4). These levels are particularly useful for identifying potential intraday reversal zones, breakout opportunities, and range-bound trading scenarios.

This custom indicator plots these levels using data from the previous daily (D1) or weekly (W1) candle, ensuring consistency across any timeframe (e.g., 1-minute to monthly charts). It displays historical levels in a stepped manner, allowing traders to visualize how past pivots interacted with price action over time. The levels remain fixed for the entire current period (day or week), updating only at the start of a new one.

Calculation Formula
Camarilla Pivot Points are calculated using the high (H), low (L), and close (C) from the previous period (daily or weekly, as selected). There is no central pivot point; instead, the formula focuses on the range and applies multipliers derived from the "1.1" factor (a constant in the Camarilla equation, representing an approximation of market volatility).

Range = Previous High (H) - Previous Low (L)

Resistance Levels:

R1 = C + (Range × 1.1 / 12)
R2 = C + (Range × 1.1 / 6)
R3 = C + (Range × 1.1 / 4)
R4 = C + (Range × 1.1 / 2)
Support Levels:

S1 = C - (Range × 1.1 / 12)
S2 = C - (Range × 1.1 / 6)
S3 = C - (Range × 1.1 / 4)
S4 = C - (Range × 1.1 / 2)
These multipliers (1/12, 1/6, 1/4, 1/2) create progressively wider levels, with R3/S3 often acting as strong reversal points and R4/S4 as extreme breakout targets. Note: Some variations include additional levels (e.g., R5/S5 for longer holds), but this indicator focuses on the core eight for intraday focus.

Features
Resolution Selection: Choose between "Daily" (based on the previous D1 candle) or "Weekly" (based on the previous W1 candle) via a simple input dropdown. This allows flexibility for short-term scalpers (daily) or swing traders (weekly).
Custom Line Styles: Select from various plot styles, including Line, Line with Breaks, Stepline, Stepline with Breaks, Stepline Diamond, Circles, or Cross. Stepline is the default for clear historical visualization, showing level changes at the start of each new period.
Adjustable Appearance: Customize line width (from 1 to 5) for visibility on busy charts. Separate color inputs for resistance (default: red) and support (default: green) lines enable easy theme matching or emphasis.
Historical Display: Automatically plots past levels in a stepped format, extending back up to 500 bars (configurable via max_bars_back). This helps in backtesting and pattern recognition without recalculating on every bar.
Performance Optimization: Uses efficient Pine Script v6 logic to fetch higher-timeframe data without repainting, ensuring reliable real-time and historical accuracy.
Usage and Strategies
This indicator shines in volatile markets like forex, stocks, or cryptocurrencies, where it helps predict intraday price boundaries. Key strategies include:

Breakout Trading: Buy above R4 or sell below S4 for strong trends, with stops near R3/S3.
Reversal Trading: Fade moves at R3/S3 levels, expecting pullbacks to the inner levels (R1/S1).
Range Trading: Trade bounces between S1–R1 during low-volatility sessions, using S2/R2 as confirmation.
Combination with Other Tools: Pair with volume indicators, RSI, or candlestick patterns for higher-probability setups. For example, a bullish engulfing at S3 could signal a reversal to R3.
Ideal for intraday traders focusing on breakout and reversal strategies, this indicator provides a mathematical edge by highlighting "hidden" support/resistance not visible in standard pivots. Always combine with risk management, as no indicator guarantees profits.