icostan

Month breaks

icostan Pro+ Updated   
A very simple indicator that marks the start of every month with a vertical line. But default the vertical line is gray with 80% transparency but you can customize the style/color/transparency as you like.

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 daily chart , 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!!!
Release Notes:
CHANGES

- display the indicator on intraday and daily time frames only
- hide indicator value label on price axis
Release Notes:
Small change to apply this indicator to another indicator (RSI, MA, etc)
Open-source script

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.

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