Camarilla Points

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"

 

Parameters

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