Camarilla indicator.

A simple indicator that does not require additional settings, so a trader of any level of training can use it.

The Camarilla indicator is designed for reversal trading within daily time frames, and it can also be used as a regular channel indicator.

During its operation, Camarilla draws five multi-colored lines, one of which is the trend line, and the rest act as the boundaries of the price channel. And are designed to determine entry points.

In addition, on the right, near the end of the lines, there are the inscriptions OP SELL and OP BUY; they are landmarks of entry points.

The script uses an algorithm that is more than 20 years old, so you can count on the high efficiency of the signals sent.

All work is based on the analysis of historical data on the behavior of a price, over a selected time period, all its indicators are taken into account, including price gaps ( forex ) that arose during the day.

As for the Camarilla indicator settings, it is only possible to change the colors and thickness displayed at the level, all other settings do not change.

For the script to work correctly, a clearly defined price movement is required. And since signals are given both along the trend and against it, the indicator can be used in trading against the trend .

Download the Camarilla indicator.