Monthly Levels
Master the bigger picture in trading with Monthly Levels, a sophisticated TradingView indicator engineered to reveal institutional-grade monthly support and resistance zones based on untouched close sequences. Ideal for position traders, long-term investors, and anyone analyzing major market cycles, this tool highlights deep liquidity pools where price often experiences powerful reactions—think trend reversals, explosive breakouts, or multi-month turning points.
Key Features:
- Precision Monthly Level Detection: Intelligently scans and plots monthly support and resistance levels from historical monthly close prices, focusing exclusively on untouched sequences to deliver the highest-probability zones.
- First-Touch Optimization: Levels are prominently displayed until initial contact with price, capturing the moment of greatest potential impact. Once touched, the level discreetly hides, maintaining a clean chart and shifting focus to new high-conviction opportunities.
- Institutional Reaction Logic: Anchored in proven market dynamics—first touches at key monthly levels frequently unleash the strongest moves due to concentrated stop-losses, pending orders, and trapped positions—while repeated tests erode strength and diminish reactions.
- Full Customization: Fine-tune visuals with customizable colors, line styles, extensions, and proactive alerts as price nears these critical levels, perfect for overlaying on weekly or daily charts for superior confluence.
Designed for traders who think in months and years, Monthly Levels strips away short-term noise and illuminates the structural framework that smart money respects. Combine it seamlessly with Weekly Levels for intermediate swing opportunities and Daily Levels for tactical entries to create a robust, multi-timeframe system that aligns your trades with liquidity across all horizons.
Ready to anticipate major market shifts months in advance? Integrate Monthly Levels into your strategy today and trade with the confidence of seeing where the real money moves!
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 nov3a4 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 nov3a4 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.