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Camarilla Pivots

All about camarilla pivots

NeoTrader

Last Update 3 jaar geleden

CAMARILLA PIVOTS

he page helps generate trend signals using Camarilla pivots

To navigate to this page, Go to Analyst Zone – Pivots View – Camarilla Pivot as highlighted in the below picture.

The page is designed to give the user a set of bullish and bearish list of stocks to choose from. Once the page opens you can see two tabs- Heat map and Levels, The heat map is designed in a way to give the user a summary view of

trading candidates and the levels give detailed support resistance levels for all stocks.


Heatmap

The heat map is the default page that opens on the camarilla section. There is a toggle on the top right of the screen which enables the user to navigate between the heat map and the levels page as shown using the red box in the below image

If you scroll down on this page you will find various sections like Open above H3 , Price above H4, Price above H3, Price below L4 etc. which is explained in the below section. These are basically support- resistance levels based on the pivot and what stocks are trading between these levels.

This can be summarized as mentioned below, H stands for High and L stands for low

Resistance levels – H1,H2,H3,H4 Support levels – L1, L2,L3,L4

So basically in the above picture , the section detailing “”Prices above H4” compiles all the stocks that have moved above their 4th resistance levels which is H4 , and “Prices below L4”cumulates those stocks that are trading below their 4th support – the concept is similar for the other levels as well, “Prices

above H3”cumulates those stocks that are trading above their 3rd resistance points and so on.

Levels 3 and 4 – Important Levels

The two most important levels in this method are levels 3 and 4 (L3/L4, H3/H4). Both are breakout as well as reversal levels. Typically, if prices are rising into H3 from below, then it is likely to act as a resistance and reversal point. Hence we have a big selection of stocks where open is above H3 or below L3- these are stocks that have crossed the first hurdle and may continue in that direction.

We also have a section called REJECTION- this carries the list of stocks where prices approached a level 3 (either H or L) but could not continue beyond it. The fourth level is more decisive in terms of trend identification. A breakout and continuation beyond level 4 would mean that the stock will trend. However, one has to be aware that there may be some rejection too at level 4. But it is used more as a trend direction indicator. Any stock that opens and trades above H3/H4 can be considered to be in good trend and are good candidates for day trades. One can check the intraday charts (if you have ) to see that the strength is maintained.

Open above/below H3-4/L3-4

These will show you a list of stocks that are strong/weak from the start of the day. You can track these stocks right from the start of the day for trading for the day. Typically these are stocks where there has been a gap at the open

Rejection

This will list stocks that are reversing from H3/L3 levels so they become reversal trade candidates. In the eg.here, it shows Sail green (i.e. reverse to Up after a decline into L3) and REC red (i.e. reverse to down after a rise into H3).

Breakout

This will list stocks that were earlier under L3 or above H3 and where prices have now gone decisively below H3 or above L3. This is also another kind of reversal trade but is grouped under Breakout as this measures trades across a few days and not just on intra-day basis.

Change Now

Clicking this button will show you the more recent changes as they happen on an intra-day basis and can make tracking the market a lot more dynamic and pointed. It will keep you close to the action as it evolves! When this selection is On, it will not show you the full list from the start of the day but just the recent ones.

The Change Today button is to be used when you are looking at the pivot values from a Weekly or Monthly setting. Change Now is to be used when you are looking at intra day data and changes.

Circles on the Heatmap

There are 3 circles in each name. These show you the trends in D/W/M trends as far as the same H3/L3 levels are concerned. One can use the circles to ascertain how the trends are placed across different time frames. The time frames we use are D/W/M. The higher time frame situation is shown in 3 ways. The circle is colored Green if the higher time frame shows a bullish set up for the condition, it is Black or gray if the signal is Neutral and it is Red if the higher time frame condition is bearish.

Infibeam in the example shows the first two circles (i.e. Daily and Weekly time frame) are Green meaning that the prices are above the H3 levels in these two time frames. The third circle is Gray showing that the prices are not above H3 but are above the Pivot for the Monthly time frame. If prices were below Pivot and L3 then circles would be Red.

PIVOT Scores

The Cam Pivot scores are also available for the selection, which is show with the yellow arrow in the above picture. This refers to the number of bars that

are currently above H3 levels (if selection is in green) or below L3 levels (if selection is in red). This is a kind of trend count to show how strong the trend is currently.

Universe and Time frame selection

This feature helps the user switch across time frames like Daily, Weekly, Monthly pivots etc.

Universe Selection

Levels

This selection is available on the top of the page. The user has to click on levels at the top of the page if one wants to see all the levels of the Cam Pivots in Table format. The page lists down the levels for all stocks in a table format for different levels (Sup 1 thru 6 and Res 1 thru 6). You can see it in different time frames (D/W/M/All). The default setting is for All stocks. However, if you want to see for any specific stock, then type in the name of the stock in the selection box to get levels for only that particular stock.

All levels are given for all stocks of the universe mentioned like the name of the stock (SYMBOL, the time frame of the data based on the selection (TIMEFRAME), SCORE and all the support and resistance levels.

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