Watch how to download trading robots for free

Find us on Twitter!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:: 15060
Rating:: (16)
Published:: 2011.10.07 19:00
Updated:: 2016.11.22 07:32

camarilla_equation.mq5 (9.31 KB) view

Download as ZIP, How to download code from MetaEditor

: Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Camarilla Equation system was implemented by Nick Stott at the end of 1980s.

Camarilla Equation consists of 8 or 10 levels (in later modifications) calculated by using Open, Close, High and Low prices of a previous trading session and a set of instructions on the application of these levels in trading.

The levels are divided in two groups. The first one is built downwards from the yesterday's Close price, indicated by L symbol (for "Low") and numbered from 1 to 5. Similarly, the second group of levels is built upwards from the yesterday's Close price, indicated by H symbol (for "High") and also numbered from 1 to 5.

It should be noted that levels 1 and 2 have comparatively small value and are often not considered. As for L5 and H5 levels, they should always be considered, though they are ignored in some sources.

Camarilla Equation levels are calculated the following way:

H1 = close + (high-low)*1.1 /12
H2 = close + (high-low)*1.1 /6
H3 = close + (high-low)*1.1 /4
H4 = close + (high-low)*1.1 /2
H5 = (high/low)*close

L1 = close - (high-low)*1.1 /12
L2 = close - (high-low)*1.1 /6
L3 = close - (high-low)*1.1 /4
L4 = close - (high-low)*1.1 /2
L5 = close - (H5 - close)

Camarilla_Equation

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/469

X2MA

The universal moving average with double smoothing and possibility to select each of this smoothings from the dozen of possible variants.

AT_CF

Four digital filters that form the basis of the V. Kravchuk's AT&CF method in one separate window.

Camarilla_Full

The system of Camarilla Equation levels for all bars.

Heiken Ashi Smoothed

Standard Heiken Ashi calculated using smoothed price time series.

Camarilla Equation - indicator for MetaTrader 5