Sat05252013

Last update12:00:00 AM

Back

Camarilla points, as described by Slawomir Bobrowski in his article in this issue of the same name, can be easily implemented with a few of NeuroShell Trader’s 800+ indicators. Simply select “New indicator” from the Insert menu and use the Indicator Wizard to set up the following indicators:

```Daily, Weekly or Monthly Charts:
R5:	Multiply2( Divide( High, Low ), Close )
R4:	Add2( Close, Multiply2( Range( High, Low, 1), Divide( 1.1, 2 ) )
R3:	Add2( Close, Multiply2( Range( High, Low, 1), Divide( 1.1, 4 ) )
R2:	Add2( Close, Multiply2( Range( High, Low, 1), Divide( 1.1, 6 ) )
R1:	Add2( Close, Multiply2( Range( High, Low, 1), Divide( 1.1, 12 ) )
S1:	Subtract( Close, Multiply2( Range( High, Low, 1), Divide( 1.1, 12 ) )
S2:	Subtract( Close, Multiply2( Range( High, Low, 1), Divide( 1.1, 6 ) )
S3:	Subtract( Close, Multiply2( Range( High, Low, 1), Divide( 1.1, 4 ) )
S4:	Subtract( Close, Multiply2( Range( High, Low, 1), Divide( 1.1, 2 ) )
S5:	Subtract( Close, Subtract( R5, Close ))
R5:	Multiply2( Divide( DayHigh(Date,High,1), DayLow(Date,Low,1) ), DayClose(Date,Close,1) )
R4:	Add2( DayClose(Date, Close, 1), Multiply2( DayRange( High, Low, 1), Divide( 1.1, 2 ) )
R3:	Add2( DayClose(Date, Close, 1), Multiply2( DayRange( High, Low, 1), Divide( 1.1, 4 ) )
R2:	Add2( DayClose(Date, Close, 1), Multiply2( DayRange( High, Low, 1), Divide( 1.1, 6 ) )
R1:	Add2( DayClose(Date, Close, 1), Multiply2( DayRange( High, Low, 1), Divide( 1.1, 12 ) )
S1:	Subtract( DayClose(Date, Close, 1), Multiply2( DayRange( High, Low, 1), Divide( 1.1, 12 ) )
S2:	Subtract( DayClose(Date, Close, 1), Multiply2( DayRange( High, Low, 1), Divide( 1.1, 6 ) )
S3:	Subtract( DayClose(Date, Close, 1), Multiply2( DayRange( High, Low, 1), Divide( 1.1, 4 ) )
S4:	Subtract( DayClose(Date, Close, 1), Multiply2( DayRange( High, Low, 1), Divide( 1.1, 2 ) )
S5:	Subtract( DayClose(Date, Close, 1), Subtract( R5, DayClose(Date, Close, 1) ))
```

Users of NeuroShell Trader can go to the Stocks & Commodities section of the NeuroShell Trader free technical support website to download a copy of this or any previous Traders’ Tips.

A sample chart is shown in Figure 6.

—Marge Sherald, Ward Systems Group, Inc.
301 662-7950, sales@wardsystems.com
www.neuroshell.com