camarilla
Function Name: camarilla
Tags: None
Category: Other, Price
Parameters:
StartYear, StartMonth, StartDay, StartHour, StartMinute - Moment when drawing of the lines start.
TimeFrame - Number of candlesticks preceding the start time that are taken for HLC calculation.
DrawLength - For how many bars after the start will camarilla points be drawn (set to 0 for infinity).
The camarilla point formulas are as follows: Range = High - Low, for the time frame under consideration. R1, R2, R3, R4, R5 – Resistance levels S1, S2, S3, S4, S5 – Support levels R5 = (High / low) * Close R4 = Close + Range * (1.1)/2 R3 = Close + Range * (1.1)/4 R2 = Close + Range * (1.1)/6 R1 = Close + Range * (1.1)/12 S1 = Close – Range * (1.1)/12 S2 = Close – Range * (1.1)/6 S3 = Close – Range * (1.1)/4 S4 = Close – Range * (1.1)/2 S5 = (Close – (R5 – Close)) The resistance and support levels are computed per the preceding trading session's high, low, and close.
Author: Slawomir Bobrowski
Source: Stocks & Commodities, March 2013: "Stocks and Commodities"
StartYear |
|
|
Default Value: 2012 | Minimum: 1900 | Maximum: 2030 |
|
Type: Numeric |
StartMonth |
|
|
Default Value: 7 | Minimum: 1 | Maximum: 12 |
|
Type: Numeric |
StartDay |
|
|
Default Value: 18 | Minimum: 1 | Maximum: 31 |
|
Type: Numeric |
StartHour |
|
|
Default Value: 0 | Minimum: 0 | Maximum: 23 |
|
Type: Numeric |
StartMinute |
|
|
Default Value: 0 | Minimum: 0 | Maximum: 59 |
|
Type: Numeric |
TimeFrame |
How many preceding bars are used to calculate HLC |
|
Default Value: 27 | Minimum: 1 | Maximum: 100 |
|
Type: Numeric |
DrawLength |
For how many bars will camarilla points be drawn (seto to 0 for infinity) |
|
Default Value: 0 | Minimum: 0 | Maximum: 999 |
|
Type: Numeric |
ShowRS1 |
|
|
Default Value: 0 |
|
Type: Boolean |
ShowRS2 |
|
|
Default Value: 0 |
|
Type: Boolean |
ShowRS3 |
|
|
Default Value: -1 |
|
Type: Boolean |
ShowRS4 |
|
|
Default Value: -1 |
|
Type: Boolean |
ShowRS5 |
|
|
Default Value: -1 |
|
Type: Boolean |