Camarilla Level Pivot - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resource

I used to use the standard pivot point calculation for a long time. But I've never been happy with them because the pivot lines are too far apart to be useful to me.

Somehow I discovered a different set of pivot point calculations. They are called Kamalila Horizontal Pivot Points.

You can find definitions of these pivot point lines at: http://www.mypivots.com/dictionary/definition/42/camarilla-pivot-points

I think only 1 calculation is wrong. This is the calculation of PP (Pivot Point). This calculation is the one used to calculate the standard pivot point.

Instead, I will use: PP = (R1 + S1) / 2 because it places the pivot in the center of the other pivot points.

Concerns: I've been working on this program for a few days now and I still have some concerns.

This starts with the fact that the last Indicator_color is not shown in the indicator's attribute color list.

The second is that the lines do not extend to the last few price bars.

I'd also like to hear any comments you have on the code.

Attachment download

📎 CamarillaOnly.mq4 (6.53 KB)

Source: MQL5 #11146