A modified Camarilla dt Historical indicator.
In fact, Camarilla Equation has originally 8 and in later versions – 10 levels for which calculation are used open, close, maximum and minimum of yesterday’s session, as well as a set of recommendations how to trade using these levels. Levels are divided into two groups. The first group is built down from yesterday’s close price, indicated by letter L (from “Low”) and numerated from 1 to 5. Analogically, the second group is built up from yesterday’s close price, indicated by letter H (you are wright, from “High”) and numerated from 1 to 5. Notice, that levels 1 and 2 have a comparatively small value and therefore excluded from consideration. But the levels L5 and H5, in contrast, must not be excluded from consideration.
This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 24.07.2008.
MT5 Indicator – Download Instructions
Cam H2 H5 Historical is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
Cam H2 H5 Historical provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Cam H2 H5 Historical.mq5?
- Download Cam H2 H5 Historical.mq5
- Copy Cam H2 H5 Historical.mq5 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on Cam H2 H5 Historical.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Cam H2 H5 Historical.mq5 is available on your Chart
How to remove Cam H2 H5 Historical.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Click here below to download MT5 Indicator: