These levels are calculated using the High-Low range and Close price on the time frame under consideration with specific coefficient (for full description of mathematics behind this indicator, refer to the article). Ten levels are calculated by Camarilla Points: four define support zones, other four define resistance, and two are used for breakout handling. Its main principle is close to that of Pivot Points, however, there are noticeable differences. This indicator is described in his article for March 2013 issue of Technical Analysis of Stocks & Commodities. The Camarilla Points study is a support-resistance technical indicator designed by Slawomir Bobrowski for range trading.
0 kommentar(er)
