Posts Tagged "camarilla"
ThinkScripter Regular Trading Hours Multi-Pivots
Why create yet another set of pivots? First and foremost, I wanted a set of pivot points based on regular trading hours (RTH 0930-1600 EST) only regardless of the hours I have displayed. TOS allows you to display regular trading hours only or the full 24 hours. Unfortunately, the standard TOS pivot points will recalculate based on what you have displayed. This annoyed me so I built a set of pivots always based on RTH regardless of what you display. Rather than stopping there I decided to throw four types of pivots into the one study. You can choose between the traditional floor trader’s pivots, Camarilla pivots, DeMark Hi/Lo pivots or Woodie’s pivots. You...
Read MoreCamarilla Pivots
I had a reader request an implementation of the Camarilla pivots. Rather than re-invent the wheel, I grabbed ToS’ new Person’s Pivots script, jammed in the Camarilla formulas, cut out some extra plumbing, and voilà. By default the pivot, H1, H2, L1, and L2 levels are hidden. My quick research of these pivots suggested the H3/H4, L3/L4 levels are where the heavy lifting is done. (There is a bug in ThinkScript that makes the dot size a bit large for my taste but until ToS fixes it we’re stuck.) # CAMARILLAPIVOTS # (c) 2009 http://www.thinkscripter.com # thinkscripter@gmail.com # Last Update 08 Feb 2009 input timeFrame = {default DAY, WEEK, MONTH}; input...
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