OPEN-SOURCE SCRIPT
Sakalau02 Yearly Monthly Sessions
Sakalau02 Yearly Monthly Sessions is an advanced time-mapping tool designed to highlight monthly cycles throughout the year. The indicator converts raw price data into a clean visual structure, using arrays for optimized performance.
Macro Perspective: It allows you to visualize how price interacts with previous monthly highs and lows, making it ideal for identifying seasonal trends.
Array-Based Structure: Unlike traditional scripts, this dynamically handles data for all 12 months, ensuring low resource consumption even with a multi-year lookback.
Display Modes: Offers full flexibility by using Boxes (monthly price range), Zones (full-height background shading), or Timeline (discrete bottom markers).
Key Features:
Reference Levels: Includes the monthly Open price and the Equilibrium level (0.5 Level) for every session.
Individual Customization: Each month can be toggled and colored separately to highlight specific quarters or fiscal periods.
Alert System: Automated notifications for month starts and breakouts of monthly extremes (High/Low).
By Sakalau02 ( Andrei )
Macro Perspective: It allows you to visualize how price interacts with previous monthly highs and lows, making it ideal for identifying seasonal trends.
Array-Based Structure: Unlike traditional scripts, this dynamically handles data for all 12 months, ensuring low resource consumption even with a multi-year lookback.
Display Modes: Offers full flexibility by using Boxes (monthly price range), Zones (full-height background shading), or Timeline (discrete bottom markers).
Key Features:
Reference Levels: Includes the monthly Open price and the Equilibrium level (0.5 Level) for every session.
Individual Customization: Each month can be toggled and colored separately to highlight specific quarters or fiscal periods.
Alert System: Automated notifications for month starts and breakouts of monthly extremes (High/Low).
By Sakalau02 ( Andrei )
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.