Camarilla pivots have a reputation for being tighter and more reaction-based than standard floor pivots, which is exactly why intraday traders reach for them. This free Camarilla Pivot Points indicator plots a full set of ten daily levels — five support and five resistance — straight from the prior day’s range, using the coefficients from Slawomir Bobrowski’s Camarilla variant published in Stocks & Commodities. Download it below and install it into your MT5 MQL5/Indicators folder.

What Is the Camarilla Pivot Points Indicator?

This is a chart-overlay indicator that draws ten horizontal levels — S1 through S5 below price and R1 through R5 above it — calculated from the previous completed daily (D1) candle’s high, low and close. It has no user-configurable inputs; it works automatically once attached to a chart, recalculating its levels each time a new trading day begins by pulling the prior day’s D1 data.

The core levels (R1-R4 and S1-S4) use the classic Camarilla formula: the prior day’s range (high minus low) is multiplied by a set of coefficients — 1.1/12, 1.1/6, 1.1/4 and 1.1/2 — and added to or subtracted from the prior close, with the smallest coefficient producing the level closest to price (R1/S1) and the largest producing the widest core level (R4/S4). This version adds a fifth level on each side: R5 is calculated as the prior day’s (high divided by low) multiplied by close, an extension level above R4, and S5 mirrors that same distance below S4. Because the indicator explicitly checks that it’s running below the D1 timeframe (and prints a warning if it isn’t), it’s built specifically for intraday use rather than as a daily or weekly pivot tool.

Key Features

• Full ten-level Camarilla set — S1-S5 and R1-R5 plotted simultaneously, rather than just the core four support/resistance pairs.
• Bobrowski coefficient set — uses the 1.1/2, 1.1/4, 1.1/6 and 1.1/12 divisors from the published Camarilla variant rather than the older, less-referenced formula.
• Fifth-level breakout extensions — R5 and S5 sit beyond the core four levels and are commonly watched as breakout-continuation targets once R4 or S4 gives way.
• Automatic daily recalculation — levels update on their own at the start of each new trading day using the prior day’s completed range; no manual refresh needed.
• Distinct visual weighting — the widest core levels (R3/R4 and S3/S4) are plotted thicker and in stronger colors than R1/R2 and S1/S2, making the more significant levels easier to spot at a glance.
• Zero configuration — no inputs to tune; the indicator is designed to work the same way for every user out of the box.

How to Use It

Installation

1. Download the Camarillapoints.mq5 file.
2. Open MetaTrader 5, go to File > Open Data Folder, then open MQL5/Indicators.
3. Copy the file into that folder and restart MT5, or right-click Indicators in the Navigator and select Refresh.
4. Drag the indicator onto an intraday chart (anything below D1 — M1 through H4 are typical).

Reading the Indicator

R1/S1 and R2/S2 sit closest to yesterday’s close and are generally treated as the first zones where intraday price is likely to react. R3/S3 and R4/S4 sit further out and are commonly used as the main breakout trigger levels for the day — a clean move through R4 or S4 is often read as a shift from range-bound to trending conditions. R5/S5 are the outer extension levels, typically watched as a target once a breakout past R4 or S4 has already happened rather than as an entry trigger themselves.

Trading With It

A common range-trading approach fades price back toward the center of the range when it taps R3/R4 or S3/S4 without a strong breakout candle, treating those levels as resistance and support respectively. A common breakout approach does the opposite — waiting for a decisive close beyond R4 or S4 before entering in the breakout direction, with R5 or S5 as a first target and the broken level as a new support/resistance reference. Because the levels are fixed for the entire trading day, they also work well as reference points for setting daily bias before the session opens.

Best Timeframes / Best Use Cases

This indicator is purpose-built for intraday timeframes below D1 — the code itself checks for this and prints a warning if applied on D1 or higher, since the daily-range calculation loses its meaning at that point. It’s most commonly used on M15, M30 and H1 charts by day traders working a session-based routine around a fixed set of daily levels, since the pivots stay constant from the open of one trading day to the next.

Final Thoughts

The Camarilla Pivot Points indicator gives day traders a complete, automatically updating set of intraday reference levels without any setup required. By including the R5/S5 extension levels alongside the standard four-level core, it covers both the range-fade and breakout-continuation use cases that Camarilla levels are typically used for, all calculated fresh from the prior day’s range at the start of every session.