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Indicators: Camarilla Equation

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Automated-Trading
Admin
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Automated-Trading  

Camarilla Equation:

The system of Camarilla Equation levels for the current bar.

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.

Author: Nikolay Kositsin

Camarilla_Equation

unixtrader
3
unixtrader  

can you help me about manually input your indicator sir ? like manually input high price and low price

thank you



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