Camarilla Equation

recently I've Heard Abt Camarilla Equation. Does It Work? Plz Inform.

Thanks, for posting on this thread....came to know about this.....

I just googled and found out the following on eliteTrader..
Please someone can comment on this.. I know its not the Holy Grail... but what is it.. does it helps in any way....why so much hype....

Dont know if these are correct

Camarilla equation :
HL5 = (hi/lo)*close
HL4 = ( ((hi/lo)+0.83)/1.83 ) *close
HL3 = ( ((hi/lo)+2.66)/3.66 ) *close
LL5 = close - (HL5-close)
LL4 = close - (HL4-close)
LL3 = close - (HL3-close)

Metastock
{---------------------------BEGIN---------------------}
Prd:=Input("Points From Nearest Pivot",.1,200,45);
D:=DayOfMonth()<>ValueWhen(2,1,DayOfMonth());
HighPd:=If(D OR Cum(1)=2,H,Max(H,PREV));
LowPd:=If(D OR Cum(1)=2,L,Min(L,PREV));
LastH:=ValueWhen(1,D,ValueWhen(2,1,HighPd));
LastL:=ValueWhen(1,D,ValueWhen(2,1,LowPd));
LastC:=ValueWhen(1,D,ValueWhen(2,1,C));
Pivot:=(LastH+LastL+LastC)/3;
R1:=((LastH/LastL))*LastC;
S1:=LastC - (R1-LastC);
R2:=(((LastH/LastL)+0.83)/1.83)*LastC;
S2:=LastC - (R2-LastC);
R3:=(((LastH/LastL)+2.66)/3.66)*LastC;
S3:=LastC - (R3-LastC);
If(R3-HHV(H,30)0,R3),ValueWhen(1,Pivot>0,Pivot));
If(R2-HHV(H,30)0,R2),ValueWhen(1,Pivot>0,Pivot));
If(R1-HHV(H,30)0,R1),ValueWhen(1,Pivot>0,Pivot));
ValueWhen(1,Pivot>0,Pivot);
If(LLV(L,30)-S10,S1),ValueWhen(1,Pivot>0,Pivot));
If(LLV(L,30)-S20,S2),ValueWhen(1,Pivot>0,Pivot));
If(LLV(L,30)-S30,S3),ValueWhen(1,Pivot>0,Pivot));
{---------------------------END---------------------}

recently I've Heard Abt Camarilla Equation. Does It Work? Plz Inform.