Camarilla Pivot Points is a modified version of the classic Pivot Point.
Camarilla pivot point formula is the refined form of the existing classic pivot point formula. The Camarilla method was developed by Nick Stott, who was a very successful bond trader. What makes it better is the use of Fibonacci numbers in the calculation of levels.
Camarilla equations are used to calculate intraday support and resistance levels using the previous day's volatility spread. Camarilla equations take the last day's high, low, and close as input and generate eight intraday support and resistance levels based on pivot points. There are four levels above the pivot point and four levels below the pivot points. The most important stories are L3 L4 and H3 H4. H3 and L3 are the levels to go against the trend with a stop loss around H4 or L4. At the same time, L4 and H4 are considered breakout levels. When these levels are breached, it's time to trade with the trend.