Levels: Pivots, CPR and Camarilla

An indicator looks at a rolling window — the last 14 candles, then the last 14 again one candle later. It slides.

A level is a fixed horizontal price worked out from a fixed period: today’s first hour, or yesterday’s whole day. It does not slide. It sits there and price either reaches it or does not.

That is why levels get their own choice in the dropdown, separate from indicators. There are seven.

The high and low of a window at the start of the day, which you choose — 09:15 to 10:15 by default.

It gives you Range high, Range low, Range middle and Range width. Width is useful as a filter: a very wide first hour often means the day has already moved.

It stays unavailable until the window closes, and that is deliberate — a candle inside the window is part of the range and cannot break out of it.

There is a full worked example with real numbers on the Opening Range Breakout page.

Yesterday’s open, high, low and close.

The simplest levels there are, and among the most used — a lot of traders do nothing but watch whether today trades above or below yesterday’s high and low.

All three take yesterday’s high, low and close and work out a central pivot with support levels below and resistance levels above. They differ only in the arithmetic.

Classic gives P, R1–R3 and S1–S3, and is what most charting software shows by default.

Fibonacci spaces the levels using Fibonacci ratios of yesterday’s range instead of even steps.

Woodie weights yesterday’s close more heavily, so its pivot sits nearer where the day finished.

Pick one and stay with it. Using two at once just gives you two sets of lines that disagree.

The pivot plus a narrow band around it, giving you P, TC (top) and BC (bottom).

Traders read the width of that band as a forecast of the day: a wide band suggests a rangebound day, a narrow one suggests a trending day.

You can use that directly — compare the gap between TC and BC to a number and only trade on days that qualify.

Four resistances (H1–H4) and four supports (L1–L4) set close around yesterday’s close.

They sit much nearer the price than classic pivots, which suits intraday reversal trading rather than breakout trading.

H3 and L3 are the ones most Camarilla traders watch.

Every level except the opening range is worked out from the last completed day — never from today, even part way through.

This matters more than it sounds. If today’s unfinished candle were used, your pivot would drift all session and never match the numbers on your broker’s chart.

Because they are fixed, the level you see at 09:20 is the same one you see at 15:20.