An introduction to the Camarilla levels indicator for the Tradestation platform
An introduction to the Camarilla levels indicator for the Tradestation platform. The words powerful, unique and game changing are ones that are often over used when applied to trading indicators, but for the Tradestation Camarilla levels indicator, they truly describe this new and exciting indicator completely and one which will help you is so many different ways, not simply to highlight trading opportunities, but also in the placement and management of your stop loss.
It is an indicator based on levels, a key plank of technical analysis and has has something to offer every trader, from the systematic to the discretionary and from swing trading to breakout trading.
So what is the Camarilla protocol, how does it work and what will it do for me? These are all good questions, so let’s get straight down to basics and explain how the indicator works and how you may wish to use it. Let’s start with the last of these questions first, as this is one of the unique aspects to this indicator.
Put simply it is a chameleon of an indicator, and will appeal whether you are a more discretionary type of trader, making and taking decisions yourself, or if you prefer a more systematic or mechanical approach often associated with an EA for example. With the Camarilla levels indicator both approaches can be embraced and accommodated.
The Camarilla protocol has its roots in the open outcry trading pits, where traders considered floor pivots an essential tool. Based on these original ideas and incorporating the Camarilla equation we have developed a unique indicator which delivers clear and precise price based support and resistance levels, which act as targets for profits, triggers for potential reversals, signals for possible breakouts, and finally stop loss placement. So, if you’re a swing or reversal trader, it’s the perfect indicator. Equally if you prefer breakout trading, again it’s a terrific indicator guiding you to these opportunties. And all with predetermined and clear levels for any price objectives and profit targets, with stop loss placement covered also. And to help you we have incorporated clear signals which appear on the chart and so give you guidance on potential reversals and breakouts which may be on the horizon.
The indicator displays six levels above and below the price action and designated R1 to R6 and S1 to S6. The most important of these are the R3 to R6 and S3 to S6, and as you would expect these levels are constantly being refreshed and updated. For timeframes up to but not including the 60m, these are refreshed every 24 hours. Those levels from the 60m and up to the daily are refreshed at the start of each new trading week, whilst the weekly levels are refreshed at the start of each new month.
The R1 and S1 level is what we call the buffer zone where congestion is to be expected.
As you would expect the indicator works in all timeframes, instruments, and markets whether stocks, futures, etf’s spot forex or any other.
In the videos which follow I’ll show you how to use the indicator and what the various messages mean which appear at key levels. So thanks for watching and see you soon.
Getting started with the Camarilla Levels indicator for Tradestation securities
In this video, we walk you through getting started with the Camarilla Levels Indicator for Tradestation securities. It’s a powerful indicator based on the Camarilla levels protocol and as you might expect gives you clear levels of potential reversals or breakout trades in all timeframes and markets.
Signals in real time on the Camarilla levels indicator for Tradestation Securities
In this video we highlight the signals which are delivered in real time on the Camarilla levels indicator for Tradestation Securities. Here you will see signals for potential reversals, breakouts and long and short positions.
Reversal trading using the Camarilla levels indicator for Tradestation Securities
Another example of a reversal trade using the Camarilla levels indicator for Tradestation Securities, and the importance of the R3 and S3 levels on the indicator which are important when considering a reversal trade.
Long breakout trade using the Camarilla levels indicator on the Tradestation platform
In this video we highlight a long breakout trade using the Camarilla levels indicator on the Tradestation platform
Bullish reversal from the S3 using the Camarilla levels indicator for Tradestation securities
In this video we highlight a bullish reversal from the S3 using the Camarilla levels indicator for Tradestation securities on the Alcoa intraday stock chart.
Possible breakout on Honeywell using the Camarilla levels indicator for Tradestation Securities
And in this example we have a possible breakout on Honeywell stock using the Camarilla levels indicator for Tradestation Securities, and siganlled on the indicator with an advisory note.
Possible short on the BP currency future using the Camarilla levels indicator on Tradestation
In this video we highlight how to identify a possible short, this time on on the BP currency future for the British pound using the Camarilla levels indicator on the Tradestation platform.
Reversal off S3 for MSFT using the Camarilla Levels indicator on the Tradestation platform
In this video we highlight a reversal off the S3 level for Microsoft MSFT using the Camarilla Levels indicator on the Tradestation platform. And whilst this levels signals a potential reversal, the opposite level at R3 signals a potential target for the trade.