• Home
  • Courses
    • NSE Academy Certified Courses
      • Capital Market Analytics
      • Certified Program on Intraday Trading Strategies
      • Advanced Technical Analysis
      • Advanced Options
      • Advanced Algo Trading
      • Advanced Fundamental Analysis
      • Advanced Risk Management
      • Algorithmic Trading & Computational Finance using Python & R
    • TC Courses
      • FSM 1.0
      • FSM 2.0
      • Mentorship Program
  • Learning Center
    • Financial Education
    • IPO Issues
    • Fundamental Analysis
    • Technical Corner
    • Options Corner
    • Risk Management
  • Screener
  • Emerging Leaders
  • Terminal
  • Subscribe
Have any question?
7718989954
info@tradingcampus.in
Seminar on live trading strategy (Seminar on live trading strategy (11th Feb 2023, 11 am)
Login
Trading CampusTrading Campus
  • Home
  • Courses
    • NSE Academy Certified Courses
      • Capital Market Analytics
      • Certified Program on Intraday Trading Strategies
      • Advanced Technical Analysis
      • Advanced Options
      • Advanced Algo Trading
      • Advanced Fundamental Analysis
      • Advanced Risk Management
      • Algorithmic Trading & Computational Finance using Python & R
    • TC Courses
      • FSM 1.0
      • FSM 2.0
      • Mentorship Program
  • Learning Center
    • Financial Education
    • IPO Issues
    • Fundamental Analysis
    • Technical Corner
    • Options Corner
    • Risk Management
  • Screener
  • Emerging Leaders
  • Terminal
  • Subscribe

Basics of Python

  • Home
  • Blog
  • Basics of Python
  • Camarilla Pivot Points

Camarilla Pivot Points

  • Posted by Abhilash Bandari
  • Date December 13, 2020
  • The Camarilla pivot point is a technical indicator used to analyse the stock market.
  • It is used by traders to find the entry and exit points with the help of support and resistance levels. The Camarilla pivot consists of 4 support and resistance levels.

Formulae used to calculate the Camarilla pivot point:

  1. Fourth Resistance (R4) = Close + ((High – Low) * 1.5)
  2. Third Resistance (R3) = Close + ((High – Low) * 1.25)
  3. Second Resistance (R2) = Close + ((High – Low) * 1.166)
  4. First Resistance (R1) = Close + ((High – Low) * 1.083)
  5. Pivot Point = (High + Low + Close) / 3
  6. First Support (S1) = Close – ((High – Low) * 1.083)
  7. Second Support (S2) = Close – ((High – Low) * 1.166)
  8. Third Support (S3) = Close – ((High – Low) * 1.25)
  9. Fourth Support (S4) = Close – ((High – Low) * 1.5)

  • Camarilla pivot indicator can be used when the price is moving in the horizontal direction, i.e., the price trades in a range.
  • Here, the price ranges between S3 and R3. This range is referred to as the daily price range, which benefits the intraday traders.
  • Short-term traders can enter the market and initiate their short positions when the price touches R3, because price reverts back to S3.
  • Similarly, the short-term traders can enter the market and initiate their long positions when the price touches S3. It is because the price reverts back to R3.
  • The above trades turn successful only when the market is less volatile. If the market is volatile, the price might move out of the range.

  • Camarilla pivot indicator can also be used when the price is moving in a particular direction, i.e., either upward trend direction or downward trend direction.
  • In such cases, traders should make use of the extreme support and resistance levels too.
  • If there is an upward trend, traders can enter the market at S3 and place a stop loss  at S4. They can stay in the trade until the price reaches R4, which should be the exit point. 
  • Similarly, if there is a downward trend, traders can enter the market at R3 and place a stop loss order at R4. They can stay in the trade until the price reaches S4, which should be the exit point.
  • The main disadvantage of the Camarilla pivot indicator is that the indicator leads to false results when there is a high price volatility.
  • Moreover, it is not beneficial for the long-term traders. Hence, traders need to ensure the market conditions before using this indicator or else they may fall into losses.
  • Share:
author avatar
Abhilash Bandari

Previous post

Chaikin Money Flow (CMF) Indicator
December 13, 2020

Next post

Woodies Pivot Point Indicator
December 15, 2020

You may also like

Arithmetic Operators
12 May, 2021

There are around 7 arithmetic operators available in python. These are called as binary operators because they act on two operators. a = 13, b = 5 Operator Meaning Example …

Operators in Python
11 May, 2021

An operator is a symbol that performs an operation. Some examples of operations are addition, subtraction, multiplication etc. a + b is an operation where a,b are operands and ‘+’ …

Bear Call Spread
23 December, 2020

Bear call spread is an option strategy used by traders to cap their maximum loss. At first, a trader is bearish with the downside capped, so he initiates a sell …

emerging leader

  • Basics of Python
  • Emerging Leaders
  • Financial Education
  • Fundamental Analysis
  • Investment Ideas
  • IPO Issues
  • Nifty 50
  • Options Corner
  • Risk Management
  • Technical Corner
  • Uncategorized

Past Batches

December 2018 – Completed

March 2019 – Completed

July 2019 – Completed

November 2019 – Completed

January  2020 – Running

Get Updates

Subscribe to our mailing list and get learning stuff and updates to your email inbox
Loading

Accordions

Company Summary

Bajaj Electricals Limited is engaged in engineering and projects; power distribution, illumination and consumer durables businesses.

It has a range of domestic and kitchen appliances comprising water heaters, room heaters, coolers, irons, mixers, induction cookers, toasters, kettles, microwave, rice cookers, gas stoves, non-electrical kitchen aids and pressure cookers.

It offers ceiling, table, pedestal, wall, fresh air and industrial fans, and lighting solutions, such as light sources, light emitting diode-based lighting products, domestic luminaires, torches and lanterns.

Key Highlights of Company Business

Segments and Products

The Company's business segments consist of

  1. Lighting;
  2. Consumer Durables;
  3. Engineering & Projects,

The Lighting segment includes lamps, tubes and luminaries.

The Consumer Durables segment includes appliances and fans.

The Engineering & Projects segment includes transmission line towers, telecommunications towers, highmast, poles and special projects.

The Others segment includes diecasting and wind energy.

Financial Performance

Financial Ratios

Trading Campus

7718989954

info@tradingcampus.in

Company

  • About Us
  • Gallery
  • Team
  • Contact Us
  • Careers

Courses

  • Technical Analysis
  • Algo Trading
  • Options
  • Fundamental Analysis
  • Risk Management
  • Algo Trading using Python

Support

  • Learning Center
  • Forum
  • Login
  • Videos

Education WordPress Theme by ThimPress. Powered by WordPress.

Copyright © 2018 Trading Campus. All rights reserved.