Camarilla Pivot Points

Eight tight levels around yesterday’s close.

What it measures

Camarilla levels are set around the previous day’s close, at a twelfth, a sixth, a quarter and a half of its range, each scaled by 1.1. They sit much closer to price than floor pivots, so price reaches them more often.

How traders read it

The usual reading is to fade a move to R3 or S3, expecting price to come back toward the close, and to follow a break through R4 or S4 as the start of a trend. It is meant for intraday timeframes.

Formula

R4 = close + (high − low) × 1.1 / 2    S4 = close − (high − low) × 1.1 / 2   (of the previous day)
R3 = close + (high − low) × 1.1 / 4    S3 = close − (high − low) × 1.1 / 4
R2 = close + (high − low) × 1.1 / 6    S2 = close − (high − low) × 1.1 / 6
R1 = close + (high − low) × 1.1 / 12   S1 = close − (high − low) × 1.1 / 12

There is no pivot line: the levels are centred on the previous close.

Days are UTC and follow Daily Pivot Points: on a Sunday the levels come from Friday’s bar, and on a Monday from Friday’s and Sunday’s high and low together with Sunday’s close. The levels change when the UTC day changes.

Settings and output

Call: camarillaPivot()

No settings.

What you get: a list of 8, in this order: 1. a number (“R4”); 2. a number (“R3”); 3. a number (“R2”); 4. a number (“R1”); 5. a number (“S1”); 6. a number (“S2”); 7. a number (“S3”); 8. a number (“S4”).

Warm-up: with no settings, it asks for 3 bars of history and a run-up of 1, and its first value came on bar 24 of the example data.

Chart

Camarilla Pivot Points drawn by their own code on example prices

The prices are made up, hourly, and the same on every page, so the chart shows how the indicator behaves, not how a market behaved.

In an algorithm

function onIntervalClose() {
  const levels = camarillaPivot();
  const r3 = levels !== null ? levels[1] : null;
  if (r3 !== null && CLOSE > r3 && OPEN_POSITIONS_COUNT === 0) {
    openPosition("SELL", { quantity: 10000, stopLossPips: 30 });
  }
}