DYO: Trading pivots with Camarilla formula
Q: I wanted to thank you again for the DYO below. It makes our trading so much easier. We had been doing it manually. Just getting to this point was like a dream come true. Now that we have it automated we have been able to back test and found that there is one other level in the formula that would be helpful that we had not been using.
The formula in excel is:
R2 = (((High/Low)+5)/6)*Close
S2 = close-(R2-close)
It does not need a color band. Just a solid line. I will "try" to use the one you sent as a pattern and add the lines. If I am correct, the only thing I need is the following line in the category selection. Value*#/6. Thank you for your help.
I do not know if this is something you will want to share with your other users but this is the Camarilla formula. It is one that is found on the net. It is so powerful. To be honest it is the only way I have found that I can make money in the markets. T he way we use it it rarely looses.
A: In the other DYO the user had stored Yesterday's High in GV, Yesterday's Low in GV and Yesterday's Close in GV. Then the DYO shown will plot the R2 and S2 lines. The other support and resistance lines on the chart are from the standard S&R draw tool on the chart.
You would add another DYO object to the chart with properties set like this example to get these 2 added lines.
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Last modified 1/29/08 11:56 PM