Camarilla Pivot Points is a more recent development, it's similar to standard pivot points but with an additional set of support and resistance levels (S3, S4, R3, R4) this method provides a greater number of potential levels of support and resistance. The calculation is based on the previous day's high, low, and close prices, and it uses a different formula than the standard pivot points.

Here's an example of how to calculate Camarilla Pivot Points:

Example:

• Yesterday's high = $100

• Yesterday's low = $90

• Yesterday's close = $95

• Pivot point (P) = (H + L + C) / 3

• Pivot point (P) = (100 + 90 + 95) / 3 = $95

• First level of resistance (R1) = P + (H-L) * 1.1/12

• R1 = 95 + (100-90) * 1.1/12 = $96.50

• Second level of resistance (R2) = P + (H-L) * 1.1/6

• R2 = 95 + (100-90) * 1.1/6 = $97

• Third level of resistance (R3) = P + (H-L) * 1.1/4

• R3 = 95 + (100-90) * 1.1/4 = $97.75

• Fourth level of resistance (R4) = P + (H-L) * 1.1/2

• R4 = 95 + (100-90) * 1.1/2 = $98.50

• A graphical representation of the pivot points would look

• First level of support (S1) = P - (H-L) * 1.1/12

• S1 = 95 - (100-90) * 1.1/12 = $93.50

• Second level of support (S2) = P - (H-L) * 1.1/6

• S2 = 95 - (100-90) * 1.1/6 = $93

• Third level of support (S3) = P - (H-L) * 1.1/4

• S3 = 95 - (100-90) * 1.1/4 = $92.25

• Fourth level of support (S4) = P - (H-L) * 1.1/2

• S4 = 95 - (100-90) * 1.1/2 = $91.50