Monthly charts represents series of data points where each data point is comprised of the price movement for a single month of trading.
This chart type has been used for a long time by traders and typically applicable for long-term trading.
Shows static and dynamic levels which can act as support/resistance. These are important as there is a lot of users who are interested in buying/selling at these prices.
Static Levels include -
Daily/Weekly/Monthly/Yearly Open (changes color depending on if below or above price)
Previous Daily/Weekly/Monthly/Yearly Open
Previous day's High/Low
Script show up to 7 previous values of 'source' input for a specified period of days. Use inputs to select period: 365 (approximately) for years, or any other period (1, 7, 30, 90...). You can hide extra plots, customize their colors, apply this to another indicator or enable 'trackprice'.
Top indicator shows a close price for previous 3 years,...
Inspired by @LazyBear's/@timwest's script:
Usage: support and resistance levels based on averaging price around earnings and quarterly opens.
What it is plotting:
1. A horizontal level whenever earnings occur. If actual earnings is higher than...
Just a simple support/resistance indicator that display weekly/monthly close price and it is configurable to work in two modes:
tracking mode - to display last week/month's close
history mode - to display weekly/monthly close prices
See how last month's close (ticker blue line) provides nice resistance and the price forms a double top then it...
This candle range comparison is similar to my original script Candle Range Compare .
This script is to compares the size of open/close high/low and wick size side by side. This version of the script allows you to only show a chosen month of each year to compare. I hadn't even thought to try and vanish the part of the chart I'm not looking at. I'll consider...
This indicator displays the monthly Open, High, Low and Close price on a chart.
Very helpful indicator for starting your trading week (I use it every week in FOREX, Crypto, and Equities).
In conjunction using this on the Weekly & Daily timerfame with a 200, 10 and 5 EMA you can start your week off with a probable bull or bear bias.
This indicator puts the previous close value of a higher relevant time frame on the chart, it adepts to the period of the chart. Relevant means that it puts:
Close of previous year in monthly chart
Close of previous month in weekly chart
Close of either previous month of week in daily chart, default setting is week
Close of previous week in 4hourly and 3hourly...
This panel will show which is the best month to buy a stock, index or ETF or even a cryptocurrency in the past 5 years.
Script to use only with MONTHLY timeframe.
Thanks to: RicardoSantos for his hard work.
Please use comment section for any feedback.
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...
Simple script to show you a way to find 3rd Fridays (Monthly Options Expiry)
If that friday is a holiday, then it doesn't generate a signal. Futures & Forex trader need not to worry. I will fix it for the stock traders as well. Time is all I need.
as usual Good Luck for those who believe in it. Practice for those who believe in hard work. Think for those who...