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Re: Pivot Point Formulas
H1 to H4 and L1 to L4 Levels somehow alike pivots points but calculations are different. The most significant levels are H3/L3 If the market approach these levels a possible breakout is about to happen.
Extremely powerful if you trade Forex. I don't recomend it for futures..
I have a camarilla code for Metatrader. I used camarilla levels to trade EUR/CHF but not anymore as just two simple horizontal lines will do the trick.
The whole Idea on camarilla levels is to look for periods of acumulation/distribution in longer time frames (4hr, daily, weekly) and spots possible breakouts.
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