Three formulas, one completed daily bar
H3 and L3 use a distance of 0.275 times the previous daily range. Their separation is 0.55 times that range, and their midpoint is the previous close. The multiplier 1.1 makes the distance 10% larger than a 0.25-range distance; that arithmetic does not establish a noise filter or a probability of reversal.
TradingView's Camarilla formulas also include levels beyond H3 and L3. H3 is not the highest level in the full system. This script intentionally returns only H3, L3 and PP. A level is a reference price, not a measured support or resistance success rate.
For a hypothetical daily high of 542, low of 536 and close of 540, R = 6, H3 = 541.65, L3 = 538.35 and PP = 539.333333. The two Camarilla distances from close are both 1.65, while their distances from PP differ.
| Method | Upper formula | Upper value | Lower formula | Lower value |
|---|---|---|---|---|
| Camarilla H3/L3 | C + 0.275R | 541.650000 | C − 0.275R | 538.350000 |
| Traditional R1/S1 | 2PP − L | 542.666667 | 2PP − H | 536.666667 |
| Fibonacci R1/S1 | PP + 0.382R | 541.625333 | PP − 0.382R | 537.041333 |
Traditional R1 and S1 are not generally symmetric around PP. Fibonacci R1 and S1 are symmetric around PP, while Camarilla H3 and L3 are symmetric around C. None of these names establishes which level is closest to today's price or most likely to hold.
PP can be outside H3 and L3
Keep a hypothetical high of 110 and low of 100. If the previous close is 100, H3 = 102.75, L3 = 97.25 and PP = 103.333333: PP is above H3. If the close is 110, H3 = 112.75, L3 = 107.25 and PP = 106.666667: PP is below L3.
For a positive range, let x = (C − L)/R. PP lies within the H3–L3 interval only when 0.0875 ≤ x ≤ 0.9125. This follows from PP − C = R(1 − 2x)/3 and the half-width 0.275R. A “short H3, take profit at PP” rule can therefore put the proposed target above the short entry. Validate direction and positive reward distance before accepting such a setup.
When H = L = C, the range is zero and all three levels coincide. Missing daily values yield unavailable levels. These are calculation boundaries, not evidence that the next session has low or high trading risk.
Which daily high, low and close?
The three requests put the one-bar history offset inside the daily expression and use lookahead_on. On intraday charts, that combination maps the already completed daily values from the start of the new daily period. Removing the history offset would expose future daily information on historical intraday bars. The prior daily bar is a trading-data bar, not necessarily the previous calendar date.
The script requests syminfo.tickerid without a separate regular-session or timezone selector. Check the actual daily feed. Daily futures close can use settlement; intraday and daily stock feeds can include different trades or sessions. Changing the chart's displayed timezone does not redefine the provider's daily candles. Do not assume every crypto symbol uses the same daily boundary merely because it trades throughout the week.
Use standard candles on an intraday or 1D chart when checking this example. It has no guard against weekly or monthly charts, where 1D becomes a lower-timeframe request and cannot represent every daily pivot change inside a chart bar. Synthetic chart contexts also need an explicit standard-price policy. A 1D chart still uses the previous daily bar, not the current one.
Replacing the prior day with the first 30 or 60 minutes of today changes the method and its information timing. Keep that as a separate experiment. A gap above H3 is not an intraday touch from below, and no universal 2% or 3% gap rule follows from the formula.
The existing Pine Script v6 example
The calculation below matches the current core helper. It has no inputs, alerts or orders. The plots are visible, use a width of 2 and display only the last 30 chart bars. That is 30 bars, not 30 sessions. The function still requests and calculates daily values independently of this display limit.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// (c) Pineify
//@version=6
indicator(title="Daily Camarilla Pivots", overlay=true, max_labels_count=500)
p_ta_daily_cam_pivots() =>
prevHigh = request.security(syminfo.tickerid, '1D', high[1], lookahead=barmerge.lookahead_on)
prevLow = request.security(syminfo.tickerid, '1D', low[1], lookahead=barmerge.lookahead_on)
prevClose = request.security(syminfo.tickerid, '1D', close[1], lookahead=barmerge.lookahead_on)
pivotPoint = (prevHigh + prevLow + prevClose) / 3
h3 = prevClose + (prevHigh - prevLow) * 1.1 / 4
l3 = prevClose - (prevHigh - prevLow) * 1.1 / 4
[h3, l3, pivotPoint]
[p_ind_1_h3, p_ind_1_l3, p_ind_1_pp] = p_ta_daily_cam_pivots()
plot(p_ind_1_h3, "Cam Pivots - H3", color.rgb(0, 188, 212, 0), 2, show_last=30)
plot(p_ind_1_l3, "Cam Pivots - L3", color.rgb(255, 152, 0, 0), 2, show_last=30)
plot(p_ind_1_pp, "Cam Pivots - PP", color.rgb(224, 64, 251, 0), 2, show_last=30)
if barstate.islast
label.new(bar_index+6, p_ind_1_h3-1, "H3 "+str.tostring(p_ind_1_h3,format.mintick), style=label.style_none, textcolor=color.rgb(0, 188, 212, 0), size=size.small)
label.new(bar_index+6, p_ind_1_l3-1, "L3 "+str.tostring(p_ind_1_l3,format.mintick), style=label.style_none, textcolor=color.rgb(255, 152, 0, 0), size=size.small)
label.new(bar_index+6, p_ind_1_pp-1, "PP "+str.tostring(p_ind_1_pp,format.mintick), style=label.style_none, textcolor=color.rgb(224, 64, 251, 0), size=size.small)Each label is placed six bar positions to the right and one whole price unit below its level. Its text shows the unshifted level rounded to the symbol's tick format. The plotted level is not reduced by one. On a currency quote near 1, that vertical label offset can be far from the visible price area.
barstate.islast does not mean “keep exactly three labels forever.” The code creates new labels rather than updating persistent ones. Real-time rollback removes temporary labels during a bar, but labels committed on successive bars can remain until garbage collection. A cleaner display would explicitly reuse or delete labels; that behavior is not implemented here.
The retained illustration is not a record of the hypothetical calculation or a trading test.
Changing a distance is not improving a strategy
For a hypothetical range of 3, multiplier 1.1 puts each H3/L3 level 0.825 from the close. Multiplier 1.0 gives 0.75, a reduction of 0.075 or 9.0909%. Multiplier 1.2 gives 0.9, an increase of 0.075 or 9.0909%. These percentages describe distances only.
Using open instead of close, averaging several days or choosing a different daily boundary changes the definition. Record the choice before examining results. There is no demonstrated best multiplier for a stock, currency or crypto asset here, and widening the levels cannot guarantee that price will stop crossing them.
Make rejection and breakout rules distinguishable
A research example can define an H3 rejection as a completed bar whose high reaches or exceeds H3 and whose close finishes strictly below H3. An L3 rejection can mirror it. If a wick filter is added, define its length against max(open, close) or min(open, close), require a positive candle range and specify whether equality counts. These are proposed rules, not tested results.
A close above H3 is an above-level state. To call it a new cross, compare the previous close and previous applicable level too. At a daily reset, the level itself can jump across price, so decide whether to suppress cross events on the first bar of a new day. If one candle reaches both levels, its OHLC alone does not tell you which was touched first.
PP is a possible target only after checking its position relative to the actual fill and the trade direction. A limit order, a next-bar market order and a signal-close fill can produce different entries. Stops do not cap losses through a gap. RSI or volume filters should be compared with the same unfiltered event and execution rules; their presence does not establish higher reliability.
Time-based filters need actual session timestamps. Two four-hour candles cover eight hours, not two. Use the known end time of the chosen observation window before making a decision, then reserve separate data for evaluation.
Customize with an explicit specification
Pineify's Visual Editor marks Daily Camarilla Pivots as a paid component and exposes drawing controls separately from its fixed calculation. The AI Coding Agent can help draft a variant; access depends on the account's current plan. Generated code still needs syntax and numerical checks.
Use only completed daily OHLC for H3, L3 and PP. Reject chart timeframes above 1D. Make the requested session explicit, keep the previous-daily offset inside each request, and reuse three labels at the actual levels. Show the input daily OHLC in the Data Window. Define any alert as a separate closed-bar event and handle the daily reset.Open Pine Script AI Coding Agent