Camarilla Calculator 2.1.5
Continue to app
Free Version
Publisher Description
Camarilla Calculator - Camarilla Calculator is one of the most commonly used trading calculators
The Camarilla Equation in calculates ten levels of intra-day support and resistance according to yesterday’s High, Low, Open and Close. There are 5 of these “S” levels below yesterday’s close, and 5 “R” levels above. They are numbered S1, S2, S3, S4 and S5 etc. The most important levels are S3, R3 levels and S4, R4 levels.
The main way to use Camarilla equation in stock or indices is to wait for price to approach S3 or R3. When price does so, traders expect market to reverse at S3 and R3 level and so they open positions against a trend and place protective stop loss outside closest S4 or R4 level.
Stop level at S4/R4 is only a suggested stop, you’ll learn why below, traders are encouraged to find their own stops according to the money management rules and risk appetite.
Should one immediately place an order once price hits S3/R3 level? Yes, if you trade aggressively, No, if you like to see confirmation first. For confirmation price have to hit S3/R3 level, find support or resistance there and clearly demonstrate an intention to reverse. Traders may want to learn about reversal candlestick formation patterns in order to be able to spot a confirmation of a turning market.
The second way to trade stocks, indices, forex with the Camarilla Equation is to look at S4/R4 levels to be breached, which would signal of a breakout trade setup and allowing traders trade breakout in the direction of a trend. For, example, if price pushes up through the higher S4/R4 level, the chances are it is going to keep on running that way. Breakout trading outside S4/R4 level expects to capture sharp directional market moves.
While running with the breakout outside S4/R4, use either suggested S5/R5 level or your own target.
After setting Camarilla levels on the charts, traders look at where the market has opened regarding the levels.
Market Open INSIDE S3/R3:
If the market opens inside the S3/R3 levels, you must wait for price to approach either of these two levels. Whichever it hits first determines a trade: if the higher R3 is hit, Short against the trend in the
expectation that the market is going to reverse. Initial SL above R4.
The opposite, applies when the Lower S3 level is hit first – go Long against the trend. Set SL below S4.
Market Open OUTSIDE S3/R3:
Taking profits is a matter of personal judgment – just be aware that you will want to take profits at some time during the day, because the market is unlikely to “behave” and stay right-sided for your trade. These reversals from S3/R3 appear to happen as often as 4 times out of 5 during intra-day trading.
Camarilla combined with Pivot Points:
Sometimes you may have also noticed that Pivot supports and resistances and the beauty of price reversal at it. You may use both Camarilla levels and Pivot levels to achieve better trading results.
About Camarilla Calculator
Camarilla Calculator is a free app for Android published in the Accounting & Finance list of apps, part of Business.
The company that develops Camarilla Calculator is shubhlaxmi. The latest version released by its developer is 2.1.5.
To install Camarilla Calculator on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2023-12-27 and was downloaded 34 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Camarilla Calculator as malware as malware if the download link to com.shubhlaxmi.camarilla.calculator is broken.
How to install Camarilla Calculator on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the Camarilla Calculator is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by Camarilla Calculator will be shown. Click on Accept to continue the process.
- Camarilla Calculator will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.
