Traders.com

UPDATA: MARCH 2013

In In his article in this issue, “Camarilla Points,” author Slawomir Bobrowski delivers a trading system to exploit market fluctuations around a point of balance derived from multiple time frames, not just daily OHLC prices used in traditional pivots, which pit traders are said to have used. Eight basic points are calculated from session high, session low, and session close formula inputs, and these can be used as entry & exit levels for short-term range trades (Figure 10).

FIGURE 10: UPDATA, CAMARILLA. This chart shows the daily DJIA with a long entry at S3 followed by an R3 exit. An R3 short entry is shown remaining open, with a profit target exit of S3.

The Updata code for this indicator has been added to the Updata Library and may be downloaded by clicking the “custom” menu and then “system library.” Those who cannot access the library due to a firewall may paste the code provided here into the Updata custom editor and save it.

'Camarilla Points
PARAMETER "Period" #PERIOD=50 
DISPLAYSTYLE LINE
INDICATORTYPE TOOL
NAME "Camarilla Points[" #PERIOD "]" ""
NUMPOSITIONS 2 
@RANGE=0
@S1=0 
@S2=0
@S3=0
@S4=0
@S5=0  
@R1=0
@R2=0
@R3=0
@R4=0
@R5=0    
FOR #CURDATE=#LASTDATE-(#PERIOD) TO #LASTDATE
'R3 & S3 REVERSAL
IF HASX(CLOSE,@R3,UP) AND ORDERISOPEN=1
SELL CLOSE
ENDIF 
IF HASX(CLOSE,@S3,UP)
COVER CLOSE
BUY CLOSE
ENDIF 
IF HASX(CLOSE,@R3,DOWN) AND ORDERISOPEN=-1
COVER CLOSE
ENDIF  
IF HASX(CLOSE,@R3,DOWN)
'EXIT IF LONG AN CROSSES DOWN THROUGH R3 LEVEL
SELL CLOSE
SHORT CLOSE
ENDIF
'S4 BREAKOUTS
IF HASX(CLOSE,@S4,DOWN)
SHORT CLOSE
ENDIF
IF HASX(CLOSE,@S5,DOWN)
COVER CLOSE
ENDIF
'R4 BREAKOUTS
IF HASX(CLOSE,@R4,UP)
BUY CLOSE
ENDIF
IF HASX(CLOSE,@R5,UP)
SELL CLOSE
ENDIF
'S5 REVERSALS
IF HASX(CLOSE,@R5,UP)
BUY CLOSE
ENDIF
IF HASX(CLOSE,@S4,UP) AND ORDERISOPEN=1
SELL CLOSE
ENDIF
'R5 REVERSALS
IF HASX(CLOSE,@R5,DOWN)
SHORT CLOSE
ENDIF
IF HASX(CLOSE,@R4,DOWN) AND ORDERISOPEN=-1
COVER CLOSE
ENDIF
If #CURDATE=#LASTDATE-(#PERIOD)
'CAMARILLA POINTS
@RANGE=PHIGH(HIGH,#PERIOD)-PLOW(LOW,#PERIOD)
@R1=CLOSE+@RANGE*(1.1/12)
@R2=CLOSE+@RANGE*(1.1/6)
@R3=CLOSE+@RANGE*(1.1/4)
@R4=CLOSE+@RANGE*(1.1/2)
@R5=CLOSE*(PHIGH(HIGH,#PERIOD)/PLOW(LOW,#PERIOD)) 
@S1=CLOSE-@RANGE*(1.1/12) 
@S2=CLOSE-@RANGE*(1.1/6)
@S3=CLOSE-@RANGE*(1.1/4)
@S4=CLOSE-@RANGE*(1.1/2)
@S5=2*CLOSE-@R5 
COLOUR RGB(0,0,200)
DRAWLINE 0,@R1,-#PERIOD,@R1 
DRAWLINE 0,@R2,-#PERIOD,@R2
DRAWLINE 0,@R3,-#PERIOD,@R3
DRAWLINE 0,@R4,-#PERIOD,@R4
DRAWLINE 0,@R5,-#PERIOD,@R5
DRAWTEXT @R3 AT "R3" 
DRAWTEXT @R4 AT "R4" 
DRAWTEXT @R5 AT "R5" 
COLOUR RGB(200,0,0)
DRAWLINE 0,@S1,-#PERIOD,@S1 
DRAWLINE 0,@S2,-#PERIOD,@S2      
DRAWLINE 0,@S3,-#PERIOD,@S3 
DRAWLINE 0,@S4,-#PERIOD,@S4 
DRAWLINE 0,@S5,-#PERIOD,@S5
DRAWTEXT @S3 AT "S3" 
DRAWTEXT @S4 AT "S4" 
DRAWTEXT @S5 AT "S5" 
EndIf
NEXT

—Updata support team
support@updata.co.uk
www.updata.co.uk