Forex-Camarilla-Alert-With-Fibs-Indicator
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Camarilla Breakout Metatrader 4 Forex Indicator
The Camarilla forex indicator for Metatrader 4 is used to trade logical price breakouts.
It is based on the pivot point along with breakout price levels for both long and short trades.
The Camarilla forex indicator displays the following breakout levels on the MT4 chart:
L3 Long, H3 Short, H4 Long Breakout, L4 Short Breakout, L5 SB Target and H5 LB Target.
The two most interesting breakout levels to keep an eye on are H4 Long Breakout and L4 Short Breakout.
- For buy breakout trades, price must touch the H4 Long Breakout level
- For sell breakout trades, price must touch the L4 Short Breakout level
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Example Chart
The EUR/USD 30-Minute chart below displays the Camarilla Metatrader 4 Forex indicator in action.
