Camarilla Extreme Pivot Price Reversal Forex Metatrader 4 Indicator
The Camarilla Extreme Pivot Price Reversal MT4 indicator is a great price action reversal indicator that provides you with low risk market entry points.
You don’t need to calculate anything yourself, the indicator plots all entry levels and target on the chart.
Use the OP_BUY-3 level for long reversal trades and the OP_SELL-3 price level for short market entry.
This is a no-lag trading strategy based on the Camarilla Pivot Point.
- The indicator plots all price reversal entry levels on the MT4 chart.
- Low risk trade entries.
- Close the trade at the Aqua colored Camarilla Pivot Point target level.
- Based on price action without any lagging signals.
- Works for currency pairs, Stocks, Indices, Commodities,..
Learn below how to open buy and sell trades with the Camarilla Extreme Pivot Price Reversal MT4 indicator.
Indicator Example Chart
Here’s an example (EUR/USD H1 chart) of how the indicator should look like when loaded onto the Metatrader 4 chart.
Attach the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Signals With The Camarilla Pivot Extreme Price Reversal MT4 Forex Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Enter a long trade when price touches the OP_BUY-3 level from above. This is your price reversal buy entry point.
Set stop loss below short-term support, or use your own favorite SL method.
Exit long trade when price touches the Aqua colored Camarilla horizontal pivot point line, or use your own favorite take profit strategy.
Sell Trigger: Enter a short trade when price touches the OP_SELL-3 level from below. This is your price reversal sell entry point.
Set stop loss above short-term resistance, or use your own favorite SL method.
Exit short trade when price touches the Aqua colored Camarilla horizontal pivot point line, or use your own favorite take profit strategy.
Download This Forex Indicator
Adjustable Parameters & Settings
Color, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
The indicator can be deployed as a standalone price action trading system or strategy.
It can also be combined with trend indicators and momentum oscillators .
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: price reversal signals
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.