camarilladt1_v2

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Author: Copyright � 2005, MetaQuotes Software Corp.
camarilladt1_v2

This script is a specialized financial analysis tool designed for the MetaTrader platform to help traders identify key price levels based on historical data. It automatically calculates and visualizes three distinct types of price markers: Pivot Points, Camarilla Levels, and Midpoint Pivots.

Core Functionality

1. Automated Data Gathering The script begins by scanning through recent price history to identify specific daily benchmarks, including the high, low, and closing prices from the previous trading day. It uses these values as the foundation for all its subsequent calculations, ensuring that the visual levels on your chart stay updated as new market data arrives.

2. Pivot Point Analysis The logic calculates standard Pivot Points, which are used by traders to determine the overall "balance" of the market for the current day.

  • Main Pivot (P): Represents the central equilibrium point.
  • Resistance Levels (R1, R2, R3): These indicate areas where price may face selling pressure or struggle to move higher.
  • Support Levels (S1, S2, S3): These indicate areas where price may find buying interest or struggle to fall further.

3. Camarilla Breakout Levels Specifically designed for day traders, the Camarilla logic identifies "breakout" and "target" zones. It calculates complex levels (H3 through H5 and L3 through L5) that help traders identify:

  • Short-term trading ranges.
  • Potential breakout points where price might move aggressively in one direction.
  • Specific targets for profit-taking based on the previous day's volatility.

4. Midpoint Pivots The script can also calculate and display "Midpoints" (M0 through M5). These are intermediate levels that divide the space between major support and resistance zones into smaller segments, allowing for more granular analysis of price movements within a specific range.

Visual Features

To make this data actionable on a live chart, the script performs several automated visual tasks:

  • Dynamic Drawing: It automatically draws horizontal lines and text labels on your chart so you can see these levels in real-time.
  • Color Coding: The script uses different colors to distinguish between different types of levels (e.g., Green for resistance/highs, Red for support/lows, and Magenta or Orange for neutral pivots).
  • On-Screen Summary: It provides a text summary at the corner of your screen, showing the previous day's high, low, and range, as well as the current day's movement.

Key User Controls

The tool is highly customizable via input settings, allowing you to toggle specific features on or off:

  • GMT Shift: Adjusts the time calculation to match your specific regional timezone.
  • Pivots Toggle: Allows you to turn the standard Support and Resistance lines on or off.
  • Camarilla Toggle: Enables or disables the specialized breakout and target levels.
  • Midpivots Toggle: Allows you to show or hide the intermediate midpoint markers.
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camarilladt1_v2 
/*-----------------------------+
|			       |
| Shared by www.Aptrafx.com    |
|			       |
+------------------------------*/

//+------------------------------------------------------------------+
//|                                                  camarilladt.mq4 |
//|                      Copyright © 2005, MetaQuotes Software Corp. |
//|                                        http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, MetaQuotes Software Corp."
#property link      "http://www.metaquotes.net"

#property indicator_chart_window
//---- input parameters
extern int  GMTshift=6;
extern bool pivots = false;
extern bool camarilla = true;
extern bool midpivots = false;
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
//---- indicators
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {
//---- TODO: add your code here
ObjectDelete("R1 Label"); 
ObjectDelete("R1 Line");
ObjectDelete("R2 Label");
ObjectDelete("R2 Line");
ObjectDelete("R3 Label");
ObjectDelete("R3 Line");
ObjectDelete("S1 Label");
ObjectDelete("S1 Line");
ObjectDelete("S2 Label");
ObjectDelete("S2 Line");
ObjectDelete("S3 Label");
ObjectDelete("S3 Line");
ObjectDelete("P Label");
ObjectDelete("P Line");
ObjectDelete("H5 Label");
ObjectDelete("H5 Line");
ObjectDelete("H4 Label");
ObjectDelete("H4 Line");
ObjectDelete("H3 Label");
ObjectDelete("H3 Line");
ObjectDelete("L3 Label");
ObjectDelete("L3 Line");
ObjectDelete("L4 Label");
ObjectDelete("L4 Line");
ObjectDelete("L5 Label");
ObjectDelete("L5 Line");
ObjectDelete("M5 Label");
ObjectDelete("M5 Line");
ObjectDelete("M4 Label");
ObjectDelete("M4 Line");
ObjectDelete("M3 Label");
ObjectDelete("M3 Line");
ObjectDelete("M2 Label");
ObjectDelete("M2 Line");
ObjectDelete("M1 Label");
ObjectDelete("M1 Line");
ObjectDelete("M0 Label");
ObjectDelete("M0 Line");
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
  {
   int    counted_bars=IndicatorCounted();
//---- TODO: add your code here
double day_high=0;
double day_low=0;
double yesterday_high=0;
double yesterday_open=0;
double yesterday_low=0;
double yesterday_close=0;
double today_open=0;
double ch1=0;
double ch2=0;
double ch3=0;
double ch4=0;
double cl1=0;
double cl2=0;
double cl3=0;
double cl4=0;
double D1=0.091667;
double D2=0.183333;
double D3=0.2750;
double D4=0.55;
double P=0,Q=0,S=0,R=0,M2=0,M3=0,S1=0,R1=0,M1=0,M4=0,S2=0,R2=0,M0=0,M5=0,S3=0,R3=0,L3=0,L4=0,H3=0,H4=0,nQ=0,nD=0,D=0;
double ch5=0;
double cl5=0;
//double D1=0.083333;
//double D2=0.166666;
//double D3=0.25;
//double D4=0.5;

int cnt=720;
double cur_day=0;
double prev_day=0;

double rates_d1[2][6];

//---- exit if period is greater than daily charts
if(Period() > 1440)
{
Print("Error - Chart period is greater than 1 day.");
return(-1); // then exit
}

//---- Get new daily prices & calculate pivots

while (cnt!= 0)
{
	cur_day = TimeDay(Time[cnt]- (GMTshift*3600));
	
	if (prev_day != cur_day)
	{
		yesterday_close = Close[cnt+1];
		today_open = Open[cnt];
		yesterday_high = day_high;
		yesterday_low = day_low;

		day_high = High[cnt];
		day_low  = Low[cnt];

		prev_day = cur_day;
	}
   
   if (High[cnt]>day_high)
   {
      day_high = High[cnt];
   }
   if (Low[cnt]<day_low)
   {
      day_low = Low[cnt];
   }
	
//	SetIndexValue(cnt, 0);
	cnt--;

}



D = (day_high - day_low);
Q = (yesterday_high - yesterday_low);
//------ Pivot Points ------

P = (yesterday_high + yesterday_low + yesterday_close)/3;//Pivot
R1 = (2*P)-yesterday_low;
S1 = (2*P)-yesterday_high;
R2 = P-S1+R1;
S2 = P-R1+S1;
R3 = (2*P)+(yesterday_high-(2*yesterday_low));
S3 = (2*P)-((2* yesterday_high)-yesterday_low);
M0 = (S2+S3)/2;
M1 = (S1+S2)/2;
M2 = (P+S1)/2;
M3 = (P+R1)/2;
M4 = (R1+R2)/2;
M5 = (R2+R3)/2;
//---- To display all 8 Camarilla pivots remove comment symbols below and
// add the appropriate object functions below
ch5 = (yesterday_high/yesterday_low)*yesterday_close;
ch4 = ((yesterday_high - yesterday_low)* D4) + yesterday_close;
ch3 = ((yesterday_high - yesterday_low)* D3) + yesterday_close;
//ch2 = ((yesterday_high - yesterday_low) * D2) + yesterday_close;
//ch1 = ((yesterday_high - yesterday_low) * D1) + yesterday_close;

//cl1 = yesterday_close - ((yesterday_high - yesterday_low)*(D1));
//cl2 = yesterday_close - ((yesterday_high - yesterday_low)*(D2));
cl3 = yesterday_close - ((yesterday_high - yesterday_low)*(D3));
cl4 = yesterday_close - ((yesterday_high - yesterday_low)*(D4));
cl5 = yesterday_close - (ch5 - yesterday_close);


//comment on OHLC and daily range

if (Q > 5) 
{
	nQ = Q;
}
else
{
	nQ = Q*10000;
}

if (D > 5)
{
	nD = D;
}
else
{
	nD = D*10000;
}


Comment("High= ",yesterday_high,"    Previous Days Range= ",nQ,"\nLow= ",yesterday_low,"    Current Days Range= ",nD,"\nClose= ",yesterday_close,"   CONCENTRATE AND GOOD HUNTING");

//---- Set line labels on chart window
 if (pivots==true)
   {
if(ObjectFind("R1 label") != 0)
      {
      ObjectCreate("R1 label", OBJ_TEXT, 0, Time[0], R1);
      ObjectSetText("R1 label", " R1", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("R1 label", 0, Time[0], R1);
      }

      if(ObjectFind("R2 label") != 0)
      {
      ObjectCreate("R2 label", OBJ_TEXT, 0, Time[20], R2);
      ObjectSetText("R2 label", " R2", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("R2 label", 0, Time[20], R2);
      }

      if(ObjectFind("R3 label") != 0)
      {
      ObjectCreate("R3 label", OBJ_TEXT, 0, Time[20], R3);
      ObjectSetText("R3 label", " R3", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("R3 label", 0, Time[20], R3);
      }

      if(ObjectFind("P label") != 0)
      {
      ObjectCreate("P label", OBJ_TEXT, 0, Time[0], P);
      ObjectSetText("P label", "Pivot  " +DoubleToStr(P,4), 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("P label", 0, Time[0], P);
      }

      if(ObjectFind("S1 label") != 0)
      {
      ObjectCreate("S1 label", OBJ_TEXT, 0, Time[0], S1);
      ObjectSetText("S1 label", "S1", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("S1 label", 0, Time[0], S1);
      }

      if(ObjectFind("S2 label") != 0)
      {
      ObjectCreate("S2 label", OBJ_TEXT, 0, Time[20], S2);
      ObjectSetText("S2 label", "S2", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("S2 label", 0, Time[20], S2);
      }

      if(ObjectFind("S3 label") != 0)
      {
      ObjectCreate("S3 label", OBJ_TEXT, 0, Time[20], S3);
      ObjectSetText("S3 label", "S3", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("S3 label", 0, Time[20], S3);
      }

//---  Draw  Pivot lines on chart
      if(ObjectFind("S1 line") != 0)
      {
      ObjectCreate("S1 line", OBJ_HLINE, 0, Time[40], S1);
      ObjectSet("S1 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("S1 line", OBJPROP_COLOR, DeepSkyBlue);
      }
      else
      {
      ObjectMove("S1 line", 0, Time[40], S1);
      }

      if(ObjectFind("S2 line") != 0)
      {
      ObjectCreate("S2 line", OBJ_HLINE, 0, Time[40], S2);
      ObjectSet("S2 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("S2 line", OBJPROP_COLOR, DeepSkyBlue);
      }
      else
      {
      ObjectMove("S2 line", 0, Time[40], S2);
      }

      if(ObjectFind("S3 line") != 0)
      {
      ObjectCreate("S3 line", OBJ_HLINE, 0, Time[40], S3);
      ObjectSet("S3 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("S3 line", OBJPROP_COLOR, DeepSkyBlue);
      }
      else
      {
      ObjectMove("S3 line", 0, Time[40], S3);
      }

      if(ObjectFind("P line") != 0)
      {
      ObjectCreate("P line", OBJ_HLINE, 0, Time[40], P);
      ObjectSet("P line", OBJPROP_STYLE, STYLE_DOT);
      ObjectSet("P line", OBJPROP_COLOR, Magenta);
      }
      else
      {
      ObjectMove("P line", 0, Time[40], P);
      }

      if(ObjectFind("R1 line") != 0)
      {
      ObjectCreate("R1 line", OBJ_HLINE, 0, Time[40], R1);
      ObjectSet("R1 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("R1 line", OBJPROP_COLOR, Red);
      }
      else
      {
      ObjectMove("R1 line", 0, Time[40], R1);
      }

      if(ObjectFind("R2 line") != 0)
      {
      ObjectCreate("R2 line", OBJ_HLINE, 0, Time[40], R2);
      ObjectSet("R2 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("R2 line", OBJPROP_COLOR, Red);
      }
      else
      {
      ObjectMove("R2 line", 0, Time[40], R2);
      }

      if(ObjectFind("R3 line") != 0)
      {
      ObjectCreate("R3 line", OBJ_HLINE, 0, Time[40], R3);
      ObjectSet("R3 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("R3 line", OBJPROP_COLOR, Red);
      }
      else
      {
      ObjectMove("R3 line", 0, Time[40], R3);
      }
}
// --- THE CAMARILLA ---
if (camarilla==true)
   {
   if(ObjectFind("H5 label") != 0)
      {
      ObjectCreate("H5 label", OBJ_TEXT, 0, Time[20], ch5);
      ObjectSetText("H5 label", " H5 LB TARGET", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("H5 label", 0, Time[20], ch5);
      }
      
      if(ObjectFind("H4 label") != 0)
      {
      ObjectCreate("H4 label", OBJ_TEXT, 0, Time[20], ch4);
      ObjectSetText("H4 label", " H4 LONG BREAKOUT", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("H4 label", 0, Time[20], ch4);
      }

      if(ObjectFind("H3 label") != 0)
      {
      ObjectCreate("H3 label", OBJ_TEXT, 0, Time[20], ch3);
      ObjectSetText("H3 label", " H3 SHORT", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("H3 label", 0, Time[20], ch3);
      }

      if(ObjectFind("L3 label") != 0)
      {
      ObjectCreate("L3 label", OBJ_TEXT, 0, Time[20], cl3);
      ObjectSetText("L3 label", " L3 LONG", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("L3 label", 0, Time[20], cl3);
      }

      if(ObjectFind("L4 label") != 0)
      {
      ObjectCreate("L4 label", OBJ_TEXT, 0, Time[20], cl4);
      ObjectSetText("L4 label", " L4 SHORT BREAKOUT", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("L4 label", 0, Time[20], cl4);
      }
      
      if(ObjectFind("L5 label") != 0)
      {
      ObjectCreate("L5 label", OBJ_TEXT, 0, Time[20], cl5);
      ObjectSetText("L5 label", " L5 SB TARGET", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("L5 label", 0, Time[20], cl5);
      }

//---- Draw Camarilla lines on Chart
      if(ObjectFind("H5 line") != 0)
      {
      ObjectCreate("H5 line", OBJ_HLINE, 0, Time[40], ch5);
      ObjectSet("H5 line", OBJPROP_STYLE, STYLE_SOLID);
      ObjectSet("H5 line", OBJPROP_COLOR, Green);
      }
      else
      {
      ObjectMove("H5 line", 0, Time[40], ch5);
      }
      
      if(ObjectFind("H4 line") != 0)
      {
      ObjectCreate("H4 line", OBJ_HLINE, 0, Time[40], ch4);
      ObjectSet("H4 line", OBJPROP_STYLE, STYLE_SOLID);
      ObjectSet("H4 line", OBJPROP_COLOR, Green);
      }
      else
      {
      ObjectMove("H4 line", 0, Time[40], ch4);
      }

      if(ObjectFind("H3 line") != 0)
      {
      ObjectCreate("H3 line", OBJ_HLINE, 0, Time[40], ch3);
      ObjectSet("H3 line", OBJPROP_STYLE, STYLE_SOLID);
      ObjectSet("H3 line", OBJPROP_COLOR, Green);
      }
      else
      {
      ObjectMove("H3 line", 0, Time[40], ch3);
      }

      if(ObjectFind("L3 line") != 0)
      {
      ObjectCreate("L3 line", OBJ_HLINE, 0, Time[40], cl3);
      ObjectSet("L3 line", OBJPROP_STYLE, STYLE_SOLID);
      ObjectSet("L3 line", OBJPROP_COLOR, Red);
      }
      else
      {
      ObjectMove("L3 line", 0, Time[40], cl3);
      }

      if(ObjectFind("L4 line") != 0)
      {
      ObjectCreate("L4 line", OBJ_HLINE, 0, Time[40], cl4);
      ObjectSet("L4 line", OBJPROP_STYLE, STYLE_SOLID);
      ObjectSet("L4 line", OBJPROP_COLOR, Red);
      }
      else
      {
      ObjectMove("L4 line", 0, Time[40], cl4);
      }
      
      if(ObjectFind("L5 line") != 0)
      {
      ObjectCreate("L5 line", OBJ_HLINE, 0, Time[40], cl5);
      ObjectSet("L5 line", OBJPROP_STYLE, STYLE_SOLID);
      ObjectSet("L5 line", OBJPROP_COLOR, Red);
      }
      else
      {
      ObjectMove("L5 line", 0, Time[40], cl5);
      }
} 
//---- Draw Midpoint Pivots on Chart
 if (midpivots==true)
   {    
      if(ObjectFind("M5 label") != 0)
      {
      ObjectCreate("M5 label", OBJ_TEXT, 0, Time[20], M5);
      ObjectSetText("M5 label", " M5", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("M5 label", 0, Time[20], M5);
      }

      if(ObjectFind("M4 label") != 0)
      {
      ObjectCreate("M4 label", OBJ_TEXT, 0, Time[20], M4);
      ObjectSetText("M4 label", " M4", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("M4 label", 0, Time[20], M4);
      }

      if(ObjectFind("M3 label") != 0)
      {
      ObjectCreate("M3 label", OBJ_TEXT, 0, Time[20], M3);
      ObjectSetText("M3 label", " M3", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("M3 label", 0, Time[20], M3);
      }

      if(ObjectFind("M2 label") != 0)
      {
      ObjectCreate("M2 label", OBJ_TEXT, 0, Time[20], M2);
      ObjectSetText("M2 label", " M2", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("M2 label", 0, Time[20], M2);
      }

      if(ObjectFind("M1 label") != 0)
      {
      ObjectCreate("M1 label", OBJ_TEXT, 0, Time[20], M1);
      ObjectSetText("M1 label", " M1", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("M1 label", 0, Time[20], M1);
      }

      if(ObjectFind("M0 label") != 0)
      {
      ObjectCreate("M0 label", OBJ_TEXT, 0, Time[20], M0);
      ObjectSetText("M0 label", " M0", 8, "Arial", EMPTY);
      }
      else
      {
      ObjectMove("M0 label", 0, Time[20], M0);
      }
     

      if(ObjectFind("M5 line") != 0)
      {
      ObjectCreate("M5 line", OBJ_HLINE, 0, Time[40], M5);
      ObjectSet("M5 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("M5 line", OBJPROP_COLOR, DarkOrange);
      }
      else
      {
      ObjectMove("M5 line", 0, Time[40], M5);
      }

      if(ObjectFind("M4 line") != 0)
      {
      ObjectCreate("M4 line", OBJ_HLINE, 0, Time[40], M4);
      ObjectSet("M4 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("M4 line", OBJPROP_COLOR, DarkOrange);
      }
      else
      {
      ObjectMove("M4 line", 0, Time[40], M4);
      }

      if(ObjectFind("M3 line") != 0)
      {
      ObjectCreate("M3 line", OBJ_HLINE, 0, Time[40], M3);
      ObjectSet("M3 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("M3 line", OBJPROP_COLOR, DarkOrange);
      }
      else
      {
      ObjectMove("M3 line", 0, Time[40], M3);
      }

      if(ObjectFind("M2 line") != 0)
      {
      ObjectCreate("M2 line", OBJ_HLINE, 0, Time[40], M2);
      ObjectSet("M2 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("M2 line", OBJPROP_COLOR, DarkOrange);
      }
      else
      {
      ObjectMove("M2 line", 0, Time[40], M2);
      }

      if(ObjectFind("M1 line") != 0)
      {
      ObjectCreate("M1 line", OBJ_HLINE, 0, Time[40], M1);
      ObjectSet("M1 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("M1 line", OBJPROP_COLOR, DarkOrange);
      }
      else
      {
      ObjectMove("M1 line", 0, Time[40], M1);
      }

      if(ObjectFind("M0 line") != 0)
      {
      ObjectCreate("M0 line", OBJ_HLINE, 0, Time[40], M0);
      ObjectSet("M0 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
      ObjectSet("M0 line", OBJPROP_COLOR, DarkOrange);
      }
      else
      {
      ObjectMove("M0 line", 0, Time[40], M0);
      }
}
//---- done
   
//----
   return(0);
  }
//+------------------------------------------------------------------+

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