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wrong camarilla pivots |
san77s White Belt
Joined: 13 Jan 2009 Posts: 41
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Post: #1 Posted: Wed May 06, 2009 8:59 am Post subject: wrong camarilla pivots |
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Sir,
Today's (06/05/2009) Camarilla pivots bellow the chart show as 5553.87 and the S1 show as 5561.72. How a support level come above pivot ?
Regards,
S.Saravanan. |
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SwingTrader Site Admin
Joined: 11 Aug 2006 Posts: 2903 Location: Hyderabad, India
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Post: #2 Posted: Wed May 06, 2009 10:23 am Post subject: |
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The levels are fine (according to CAM level formula). Please go here: http://www.mypivots.com/calculators/pivot-point-calculator.aspx (select CAMARILLA from the dropdown list), key in previous day's HLC values and check for yourself.
I am not sure why the cam formula is designed that way but that is how it is. You will see such a thing often with CAM levels. Probably someone else who knows more about CAM levels an enlighten us. _________________ Srikanth Kurdukar
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