Camarilla indicator.

of any skill level can use it

The Camarilla indicator is designed for reversal trading within daily time frames. It can also be used as a standard channel indicator.

Camarilla draws five multicolored lines, one of which is a trend line, while the others act as price channel boundaries. These lines are used to determine entry points.

Additionally, on the right, near the end of the lines, are the words "OP SELL" and "OP BUY," which serve as entry point markers.

The script uses an algorithm that's been around for over 20 years, ensuring highly effective signals.

All signals are based on historical price data analysis for the selected time period, taking into account all indicators, including any price gaps ( forex gaps ) that occurred during the day.

Regarding the Camarilla indicator settings, you can only change the colors and thickness of the displayed levels; all other settings remain unchanged.

A clearly defined price movement is required for the script to function correctly. Since signals are generated both with and against the trend, the indicator can be used for counter-trend trading .

Download the Camarilla indicator.