Summary: The Camarilla Pivots indicator sums up the previous trading day's high, low and closing price and calculates the baseline pivot point. Resistance and support levels are then calculated using the baseline pivot and Fibonacci multipliers.
Camarilla Pivot Points on the Charts
According to investopedia: pivot indicators are used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the intraday high and low, and the closing price from the previous trading day. On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.