Camarilla Pivots (D,W,M) Secrets of a Pivot BossPrimarily for equities as no provision has been made to control the timing at which the open close high low are determined, indeed, I see no straightforward mechanism to do so in Pinescript.
Development aided by: but with the entirely different calculations presented in "Secrets of a Pivot Boss" by Franklin Ochoa. And far cleaner and less-redundant code.
To trade the indicator, watch the H3,H4,H5 and L3,L4,L5 bars. There are two built-in strategies. Depending on pivot width, sell at H3 and buy at L3 with stop at H4/L4 or above. For strongly trending environments: buy at H4, cover at H5--similarly for downtrends.
卡瑪利拉樞軸點
Combined MTF Camarilla Pivots (HA + Candles)This is a fairly basic (but hopefully useful) indicator that combines three time-frames of Camarilla pivots into one.
Default time-frames are:
Weekly
Monthly
Yearly
Time-frames can be modified as you wish, they are just set to these as I generally only trade higher intervals (just note that formatting labels will not change - but you can update these as needed).
The Camarilla pivots displayed are as follows:
R3, R4, R5, R6
Pivot line (Middle/Base)
S3, S4, S5, S6
R1/S1 & R2/S2 are excluded to make way for R5/S5 & R6/S6 - as these are more useful for the majority of traders. The formula for levels 5/6 are always up for debate, as no official formula has ever been released. I've used what I consider a mid, or consensus calculation.
By default all historical pivot levels are displayed, as there can be some benefit to mapping these forward once the relevant period has ended. If people find it's too cluttered I'll look into having an option to display the current period only.
Unfortunately, TradingView doesn't allow labels on plots (seems like such a basic feature to be missing, but there you go), so you'll have to learn the colours/linewidths.
Oh, and there's a checkbox to enable pivots to be calculated on Heiken-Ashi prices/candles rather than default prices/candles. This heavily modifies the location of the Camarilla Pivots, but I've found that in certain situations you can get some great results.
Let me know your thoughts/comments/suggestions.
Cheers
DD
Hybrid Pivot Zones [DW]This is an experimental study designed to identify potential areas of support and resistance using a hybrid between Camarilla and Fibonacci pivot calculations.
The levels are calculated by taking 110% of the previous interval's range multiplied by 8.33%, 16.67%, 25%, 50%, 61.8%, 78.6%, 100%, 127.2%, 141.4%, and 161.8%, then adding them above and below the interval open.
Custom bar colors are included.
