PriorMonthOHLMC Pro+
OVERVIEW
Professional visualisation of the previous month’s Open, High, Low, Close, and Midpoint levels with thick hierarchical filled zones and a full prior-month candle displayed in the right margin for instant monthly context.
CONCEPT BACKGROUND
Plotting the previous month’s key levels (PMH, PML, PMO, PMC, PMM) is a public-domain technique used by swing traders, position traders, and institutions as major long-term support/resistance and high-probability reversal or continuation zones.
IMPLEMENTATION & VALUE ADDED
This indicator follows the standard prior-month methodology but adds the following original, professional-grade enhancements:
• Thick, color-coded filled zones (High zone, Mid zone, Low zone) for immediate visual hierarchy
• Full prior-month candle rendered in the right margin for quick monthly bias and range reference
• All levels plotted as exportable values (downloadable via TradingView’s data export for backtesting and analysis)
• Comprehensive alert conditions on every level and zone boundary (breakouts, bounces, touches)
• Clean, lightweight, no-repaint execution on any timeframe or instrument
HOW TO USE
Apply to daily, weekly, or intraday charts. The shaded zones act as major monthly support/resistance areas. Use the right-margin prior-month candle to instantly assess last month’s range, close location, and higher-timeframe directional bias.
CREDIT & TRANSPARENCY
Core methodology: public domain (Previous Month High/Low/Open/Close/Mid).
This is an independent implementation with no code reused from existing public scripts. All visual zones, right-margin candle display, exportable plots, alerting framework, and styling are original.
DISCLAIMER
For educational and informational purposes only. Not financial advice. Past performance is no guarantee of future results. Test thoroughly.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact PonoTrading directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact PonoTrading directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.