Hope all is going well with you and that you are having a fast recovery.
Is there a simple way to get Sierra to calculate the Camarilla levels on my intraday Chart?
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What are Camarilla levels? How are they computed? Pretend like I am a just a dumb code writer that doesn’t know anything about trading. Then describe your request in sufficient detail so that I can provide a solution.
Its not easy to think of you as “a dumb code writer” Larry tells me how smart you are about every time your name comes up. So here it goes.This is what I found on the web. Camarilla levels are calculated by using yesterdays High, Low, ,and Close. Making today’s levels. H4=[0.55 x (H-L)]+C; H3=[0.275 x (H-L)]+C; H2=[0.183 x (H-L)+C; H1=[.0916 x (H-L)]+C; L1= C – [.0916 x (H-L)]; L2= C – [0.183 x (H-L)] L3= C – [0.275 x (H-L)]; and L4 = C – [.055 x (H-L)] Hope this correct. I was told this is already a built in indicator on TS. If you want more info I will try to find it.
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