The Waddah Attar Camarilla indicator for MT4 is a modified version of the classic Pivot Points technical indicator.
Camarilla Pivot Points were introduced by Nick Scott in 1989 and uses the previous day’s high, close and low price in its calculations.
Camarilla Pivot Points are versatile and can be used for trade entry, stop loss and take profit.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.
Key Points
- Modified Pivot Points indicator
- Versatile technical tool
- Based on price action
- Works on any time frame
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a simple trend confirmation technical tool.
Free Download
Download the “Waddah_Attar_Dayly_CAMARILLA.mq4” MT4 indicator
Indicator Example Chart
The EUR/USD 1-hour chart below shows the Waddah Attar Camarilla Forex indicator in action.
Basic Trading Signals
Signals from the Waddah Attar Camarilla indicator for Metatrader 4 are easy to interpret and goes as follows:
BUY:
- Open buy order when price goes back above support L3 after going below support L3.
- Place stop loss just below L4.
- Preferred profit target for buy trades: H1, H2 and H3 price levels.
SELL:
- Open sell order when price moves above H3 and then falls back below H3.
- Place stop loss just above H4.
- Preferred profit target for sell trades: L1, L2 and L3 price levels.
Download This Forex Indicator
Download the “Waddah_Attar_Dayly_CAMARILLA.mq4” MT4 indicator
Adjustable Parameters & Settings
Colors
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: works on any time frame
Indicator Type: pivot points
How to install the Waddah Attar Camarilla indicator in Metatrader 4?
- Copy and paste the Waddah_Attar_Dayly_CAMARILLA.mq4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
How to remove the indicator from the chart?
- Right click in the chart
- Select indicators list
- Click on the indicator’s name
- Click on the delete button