I hate crowded charts, bloated with all kind of crazy shapes and I created this indicator for two main reasons:
1. beginning/end of the month is an excellent pivot-point
2. to be simple, easy to customize and non-intrusive with the underlying chart
See the attached EURUSD , at the beginning of every month the price pivoted up and down, can you figure out what happens at the end of Dec 2019?
Trade long and prosper!!!
- display the indicator on intraday and daily time frames only
- hide indicator value label on price axis
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.