Camarilla screener

The Camarilla screener indicator provides a multi-asset overview of up to 10 tickers, tracking their current price action relative to Camarilla pivots and Central Pivot Range (CPR) levels. This tool allows traders to identify bullish, bearish, or breakout conditions across multiple symbols simultaneously from a single chart pane.

Usage

The indicator displays a vertical list of tracked symbols with colored cross markers representing their current market state. By monitoring these colors, traders can quickly assess which assets are trending or consolidating:

• Blue (Neutral/Breakout): Indicates the price has extended beyond the extreme H4 or L4 Camarilla levels, suggesting a strong breakout or potential exhaustion.
• Red (Bearish): Indicates the price is trading between the H3 Camarilla level and the top of the CPR.
• Green (Bullish): Indicates the price is trading between the L3 Camarilla level and the bottom of the CPR.
• Fuchsia/No Color: Indicates the price is within the central pivot range or neutral zones between H3/H4 and L3/L4.

Details

The script calculates Camarilla pivots (H3, H4, H5, L3, L4, L5) and the Central Pivot Range (Pivot, Pivot Bottom, and Pivot Top) based on a user-defined timeframe.

The Camarilla levels are derived from the previous period's range and closing price:

• H3/L3: Act as primary reversal points.
• H4/L4: Act as breakout trigger points.
• CPR: Serves as a magnet or a trend filter. When the price is above the CPR, the bias is typically bullish; below it, the bias is bearish.

Settings

• Pivot resolution: Determines the timeframe used to calculate the pivot levels (e.g., Daily, Weekly, Monthly).
• Ticker 1 - 10: Allows the user to input the specific symbols they wish to monitor in the screener.

FAQ

How do I access Camarilla screener?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

Can I change the symbols being screened?

Yes, you can modify any of the 10 ticker inputs in the script settings to track your preferred assets, such as Forex pairs, Stocks, or Cryptocurrencies.

What does the "Pivot resolution" setting do?

This setting determines the lookback period for the pivot calculations. For example, setting it to "D" will calculate pivots based on the previous day's high, low, and close prices.