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Daily Cam Pivots (TradingView): Simple Guide to H3, L3, and PP Levels

· 5 min read
Pineify Team
Pineify Team

Daily Cam Pivots is a simple, no‑nonsense way to map likely support and resistance for the day, built from yesterday’s price action. On TradingView, you’ll see three lines that matter: H3 (potential resistance), L3 (potential support), and PP (the central pivot). Together they give you clean reference points for entries, exits, and risk.

If you’ve ever felt lost chasing breakouts or buying tops, these levels help you slow down, plan trades, and stick to rules.

What Are Daily Cam Pivots?​

Daily Cam Pivots indicator showing H3, L3, and PP levels on TradingView

Daily Cam Pivots are calculated from the prior day’s high, low, and close. They don’t repaint intraday — the levels lock in at the open and stay fixed for the current session.

Core formulas (written plainly):

  • H3 (upper level): Previous Close + 1.1 × (Previous High − Previous Low) ÷ 4
  • L3 (lower level): Previous Close − 1.1 × (Previous High − Previous Low) ÷ 4
  • PP (pivot): (Previous High + Previous Low + Previous Close) ÷ 3

What they mean in practice:

  • H3: Where rallies often slow down or reverse.
  • L3: Where dips often pause or bounce.
  • PP: The “balance” level — useful for bias and targets.

Tip: Many traders combine pivots with a trend filter like ADX or a momentum read like RSI to avoid fighting strong moves. If you’re new to trend strength, this short guide helps: ADX and DI Indicator Guide. For momentum context, see the RSI Indicator guide.

Add It to TradingView (Fast)​

Adding an indicator from the Pine Editor to a TradingView chart
  1. Open TradingView and your chart.
  2. Open Pine Editor (bottom panel).
  3. Paste your Daily Cam Pivots script (or add from your favorite library).
  4. Click “Add to chart”.
  5. Tweak colors/labels if you like — function first, pretty second.
The Best Pine Script Generator

How to Use the Levels​

  • H3 (resistance):
    • Consider trimming longs as price approaches.
    • For shorts, wait for rejection (wick + weaker momentum) rather than guessing tops.
  • L3 (support):
    • Consider buying pullbacks on clear bounces.
    • For longs, avoid catching falling knives — look for stabilization first.
  • PP (pivot):
    • Treat as a decision line. Above PP: lean bullish; below: lean bearish (until evidence says otherwise).

If you want working recipe-style code examples to test these ideas, this collection is a good starting point: Pine Script v6 Strategy Examples.

Three Simple Playbooks​

  1. Bounce Setup (mean‑reversion)
  • Long: Clear bounce at L3 with higher low or strong reversal candle; first target PP, stretch target H3.
  • Short: Rejection at H3 with lower high or weak momentum; first target PP, stretch target L3.
  • Risk: Place stops just beyond the level that invalidates the idea.
  1. Breakout Setup (trend‑following)
  • Long: Break and hold above H3 after a pause; first target measured move or recent swing; invalidate on return back below H3 with momentum loss.
  • Short: Break and hold below L3; manage similarly.
  • Filter: Use a trend strength read (e.g., ADX rising).
  1. Range Rotation (when price respects levels)
  • Buy closer to L3, sell closer to H3; PP is mid‐range control.
  • Exit early on clean breakout; don’t argue with strong candles through the level.

Practical Settings and Tips​

  • Keep the default look first; avoid over‑customizing until you’ve tested.
  • Label the exact values — it helps with pre‑planned orders.
  • Combine with volume or a single momentum tool (don’t stack five oscillators).
  • Pre‑plan risk: aim for positive RRR. If you need a refresher: RRR Calculation Guide.

Backtesting (Keep It Honest)​

Here’s a simple, fair way to test without fooling yourself:

  • Lock levels to daily data; trade on your chosen intraday timeframe.
  • Define rules in code — no “I would have exited there” hindsight.
  • Include fees/slippage; use consistent position sizing.
  • Track results by market regime (trending vs. ranging); pivots often shine in clean sessions.

If you’re building this in Pine, the examples linked above will save you time.

FAQs​

Q: Do the levels change intraday? A: No. They’re computed from the prior day and stay fixed for the current session.

Q: Which timeframe should I trade them on? A: Any. Many traders map from daily data and execute on 5–60 minute charts.

Q: Do they work on all markets? A: Generally yes — stocks, crypto, forex, futures — because they’re math‑based.

Q: What else should I pair with them? A: Keep it minimal: a trend filter (e.g., ADX) and a momentum/confirmation tool (e.g., RSI). See the linked guides above.

Bottom Line​

Daily Cam Pivots give you a grounded map for the session: L3 for potential support, H3 for potential resistance, and PP for balance. They won’t predict every move, but they do help you plan trades, place stops logically, and avoid forcing entries in the middle of nowhere.

Trade the plan you tested, size sanely, and let the math do the heavy lifting.