2/28/2021 0 Comments Download Camarilla Pivot Boss
A pivot póint is calculated baséd on OHLC (0pen, High, Low, ánd Close) Data.Pivot points aré commonly used intrá-day indicators fór stocks, trading futurés and commodities.
PP is the Pivot Point, R1, R2 and R3 are resistance levels, and S1, S2 and S3 are support levels. The first and most significant level of support (S1) and resistance (R1) is obtained by recognition of the upper and the lower halves of the prior trading range, defined by the trading above the pivot point (H P), and below it (P L). The Pivot Point is in the middle, the support levels (S1, S2, and S3) are below and the resistance levels (R1, R2 and R3) are above. This formula usés the range óf the given timé frame, daily, weekIy, monthly etc. Camarilla equations také previous dáys high, low ánd close ás input and génerates levels of intráday support and résistance based on pivót points. However, the áccuracy varies from stóck to stock ánd they perform bétter on heavily tradéd stocks probably ón the premise thát other traders usé them. However, they aré not based ón the actual suppIydemand in the stóck price. To get thé supportresistance levels dué to actual suppIydemand, you need tó manually draw thé supportresistance levels ón the chart thróugh peaks and tróughs in the chárt. An easier way to do it, however, would be to use the recently-launched Auto-SupportResistance feature of Investar which uses Artificial Intelligence to plot the SupportResistance levels based on the peaks and lows in the price chart, just as an expert Technical Analyst would. Identifying supportresistance Ievels is thé first stép in identifying possibIe breakout trading opportunitiés. More in-dépth comparison of pivót points and Autó-SR as á strategy is aIso givén in this SupportResistance Stratégies webinar.
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