Advanced Camrilla Pivot

[CP_CALCULATED_FIELDS id=”1″ ]

The support and resistance values are calculated using following formulas.

Resistance Levels

  • R5 = R4 + 1.168 * (R4 – R3)
  • R6 = (High/Low) * Close
  • R4 = Close + (High – Low) * 1.1/2
  • R3 = Close + (High – Low) * 1.1/4
  • R2 = Close + (High – Low) * 1.1/6
  • R1 = Close + (High – Low) * 1.1/12

Support Levels

  • S1 = Close – (High – Low) * 1.1/12
  • S2 = Close – (High – Low) * 1.1/6
  • S3 = Close – (High – Low) * 1.1/4
  • S4 = Close – (High – Low) * 1.1/2
  • S5 = S4 – 1.168 * (S3 – S4)
  • S6 = Close – (R6 – Close)

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