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Camarilla Pivot lines for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
amibroker, pivots
CAMARILLA Pivot lines
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Indicator / Formula
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P1=Param("P1",1,0.00,2,0.01); TimeFrameSet( inDaily ); R5 = (H/L)*C; R4 = (((H/L)+P1)/(1+P1))*C; R3 = (((H/L)+(1+2*P1))/(2+2*P1))*C; R2 = (((H/L)+(1+4*P1))/(2+4*P1))*C; R1 = (((H/L)+(1+8*P1))/(2+8*P1))*C; S5 = C - (R5-C); S4 = C - (R4-C); S3 = C - (R3-C); S2 = C - (R2-C); S1 = C - (R1-C); TimeFrameRestore(); // restore time frame to original Plot(TimeFrameExpand(R1, inDaily),"R1",1,1); Plot(TimeFrameExpand(R2, inDaily),"R2",2,1); Plot(TimeFrameExpand(R3, inDaily),"R3",3,1); Plot(TimeFrameExpand(R4, inDaily),"R4",4,1); Plot(TimeFrameExpand(R5, inDaily),"R5",5,1); Plot(TimeFrameExpand(S1, inDaily),"S1",1,1); Plot(TimeFrameExpand(S2, inDaily),"S2",2,1); Plot(TimeFrameExpand(S3, inDaily),"S3",3,1); Plot(TimeFrameExpand(S4, inDaily),"S4",4,1); Plot(TimeFrameExpand(S5, inDaily),"S5",5,1); Plot(Close,"Close",colorBlue,styleCandle,styleThick); if( ParamToggle("Tooltip shows", "All Values|Only Prices" ) ) { ToolTip=StrFormat("Open: %g\nHigh: %g\nLow: %g\nClose: %g (%.1f%%)\nVolume: "+NumToStr( V, 1 ), O, H, L, C, SelectedValue( ROC( C, 1 ))); }
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I am trying to recreate this formula in excel. But I am confused about the P1 parameter. How can I interpret it?
Hi Praveen,
Plz refer this
http://www.wisestocktrader.com/indicators/525-camarilla-pivot