StockFetcher Forums · General Discussion · Camarilla Equation<< >>Post Follow-up
trek
72 posts
msg #63602
- Ignore trek		 6/12/2008 10:40:17 AM

Has anyone ever used this equation to day trade? Supposedly gives daily pivot points with great accuracy.

trek
nikoschopen
2,824 posts
msg #63604
- Ignore nikoschopen		 6/12/2008 11:57:53 AM

Here's the StockFetcher code for Camarilla: Camarilla Pivot Points.

I ain't too sure about "great accuracy" but it does lend support to the important notion of reversion to the mean. But then again, so does every other oscillator under the sun. I would just use it as a general reference point and not put too much emphasis on it. It's far more accurate to use previous resistance or support lines to mark the reversal points than to use some arbitrary numbers derived from previous day's price range.
luc1grunt
622 posts
msg #63612
- Ignore luc1grunt		 6/12/2008 5:55:37 PM

Amen Niko.



StockFetcher Forums · General Discussion · Camarilla Equation<< >>Post Follow-up

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