Backtesting and trading camarilla pivots

Anyone using Metastock 8 can use the following formula to create a new indicator that will draw Igor's Camarilla lines (and a HLC/3 pivot) for every day on your INTRA-DAY chart. It will base the calculations on your previous day's chart data. After dropping the indicator on your chart, you can lower the variable to only show lines near the current price. 5 works good for ES.


{---------------------------BEGIN---------------------}
Prd:=Input("Points From Nearest Pivot",.1,200,45);
D:=DayOfMonth()<>ValueWhen(2,1,DayOfMonth());
HighPd:=If(D OR Cum(1)=2,H,Max(H,PREV));
LowPd:=If(D OR Cum(1)=2,L,Min(L,PREV));
LastH:=ValueWhen(1,D,ValueWhen(2,1,HighPd));
LastL:=ValueWhen(1,D,ValueWhen(2,1,LowPd));
LastC:=ValueWhen(1,D,ValueWhen(2,1,C));
Pivot:=(LastH+LastL+LastC)/3;
R1:=((LastH/LastL))*LastC;
S1:=LastC - (R1-LastC);
R2:=(((LastH/LastL)+0.83)/1.83)*LastC;
S2:=LastC - (R2-LastC);
R3:=(((LastH/LastL)+2.66)/3.66)*LastC;
S3:=LastC - (R3-LastC);
If(R3-HHV(H,30)0,R3),ValueWhen(1,Pivot>0,Pivot));
If(R2-HHV(H,30)0,R2),ValueWhen(1,Pivot>0,Pivot));
If(R1-HHV(H,30)0,R1),ValueWhen(1,Pivot>0,Pivot));
ValueWhen(1,Pivot>0,Pivot);
If(LLV(L,30)-S10,S1),ValueWhen(1,Pivot>0,Pivot));
If(LLV(L,30)-S20,S2),ValueWhen(1,Pivot>0,Pivot));
If(LLV(L,30)-S30,S3),ValueWhen(1,Pivot>0,Pivot));
{---------------------------END---------------------}

Do u provide me the same for Amibroker.

Thanks in Advance,

Regards,
BALMAL
 
Hi

Is anybody using this method since some time and having success?

Please let us know your feedback

Thanks
Yes dear
we are using camarila pivots since 1 and a half year,
it is really helpful in intraday and weekly trading,
if you want to see ratio or anything just mail with my name to
Dr. Dipesh Gohil he is keeping data of the system.
his no. 9727 990 980
Darshan Shukla
 
im new to cam pivs so if my question is noobish forgive me.
the question is what if the open is outside the ranges?i have read someone write that if its so use the 5 min pivot.what does it mean?use the OHLC of the 5 min open candle?
 
Yes dear
we are using camarila pivots since 1 and a half year,
it is really helpful in intraday and weekly trading,
if you want to see ratio or anything just mail with my name to
Dr. Dipesh Gohil he is keeping data of the system.
his no. 9727 990 980
Darshan Shukla
Can you please elaborate on how exactly you are are using ?

Coz i am paper trading a mix of camarilla and redline
 

radha55

Well-Known Member
Advanced Camarilla Levels for 15th Oct 2012.
http://www.pivotcalculators.net/pages/advancedCamarilla.php

H6 5751.35 Trgt 2
H5 5736.75 Trgt 1
H4 5722.14 Long breakout
H3 5704.34 Go Short
H2 5698.41
H1 5692.48

L1 5680.62
L2 5674.69
L3 5668.76 Go Long
L4 5650.97 Short Breakout
L5 5636.36 Trgt 1
L6 5621.75 Trgt 2

Buy at L3(5668) if price goes below L3 and then moves above L3 again.
Similarly short at H3(5704).

H4 and L4 are buy and sell breakout levels.

http://www.pivotcalculators.net/pages/advancedCamarilla.php
 

radha55

Well-Known Member
Camarilla Levels for 18th Oct 2012

H6 5719.01 Trgt 2
H5 5707.82 Trgt 1
H4 5696.62 Long breakout
H3 5683.06 Go Short
H2 5678.54
H1 5674.02

L1 5664.98
L2 5660.46
L3 5655.94 Go Long
L4 5642.39 Short Breakout
L5 5631.19 Trgt 1
L6 5619.99 Trgt 2

As per above level, long breakout occured at H4(5696) at 11:30 am

Target 1 and Target 2 both got achieved in less than 10 min.

total profit = 5719 - 5696 = 23 points.

Profit of 1000+ with one lot of Nifty.
 

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