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Forex Indicator “Cam_H2_H5_Historical”

This is a modified indicator of Camarilla dt Historical.

In fact, originally Camarilla Equation is 8 levels, and in later releases it is 10 levels, for calculation of which the opening, the closing, minimum and maximum of yesterday's session are used, as well as a set of recommendations on how to trade applying these levels. The levels are segregated into two sets. The first set is structured down from the closing price of yesterday. It is designated by the letter “L” (from the word “Low”) and it is numbered from 1 to 5. Similarly, the second set of levels is structured up from the closing price of yesterday. It is designated by the letter “H” (from the word “High”) and also it is numbered from 1 to 5. Note that the levels 1 and 2 have a relatively small value, and therefore they are often exempted from the consideration. But levels H5 and L5, by contrast, cannot be exempted from the consideration.

For the first time this indicator was made in MQL4. It was issued in Code Base at mql4.com on the 24th of July, 2008.

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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