Camarilla Pivots Indicator MT4 is an algorithm-based analysis tool for price action that generates possible intraday support and resistance levels. Pivot points are such that several lines are drawn from a single pivot point. The lines drawn in the upward direction are known as the resistance lines. The lines drawn in the downward direction are known as the support lines.
Similar to the usual support and resistance levels in normal price charts. The price can undergo a trend change or break these levels of support and resistance. This signifies a strong market trend. Those moves may occur at the levels of support and resistance in pivot points. The indicator helps determine take profit levels, entry points, and stop-loss levels for trades. Read more about Camarilla Pivot Points.
The Camarilla Pivots Indicator MT4 is a very useful indicator for Range identification. This is a MetaTrader 4 (MT4) indicator that may be used with Camarilla Pivot Points Trading Strategy and any other forex trading system or strategy to confirm trade entry or exits.
Indicator Settings
How to Install Camarilla Pivots Indicator MT4
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
