OPEN-SOURCE SCRIPT
Diupdate BC_Monthly Strength ArmorV0001
Monthly Strength Armor – Institutional-Grade Monthly Structure & Real-Time Momentum
A non-repainting, multi-timeframe indicator that delivers clean, professional-grade monthly levels and real-time strength analysis — from 1-minute to monthly charts.
Core Features
PMH / PML Rays
True Previous Month High & Low, drawn once per month from the first trading day, extending infinitely right. Glued to price — survives scroll, zoom, and timeframe changes.
RVOL (Relative Volume)
Current month volume vs. average of prior months.
>1.5 → Orange (high conviction)
<1.0 → Gray (stealth mode)
ATR%
Monthly volatility as % of price.
>3% → Red (explosive)
<1.5% → Gray (consolidation)
Strength Score (0–100)
Combines:
Price position in monthly range (40%)
Trend state (HH/HL or LL/LH) (30%)
RVOL (30%)
→ ≥70 = Bullish Armor | ≤30 = Bearish Armor
Bar Coloring & Background Tint
Instant visual bias: Green (bullish), Red (bearish), Gray (neutral).
Proximity Triangles
▲ near PMH | ▼ near PML → breakout/bounce alerts.
Right-Edge Labels
Clean, stacked display: PMH, PML, RVOL, ATR%, Score — always visible.
A non-repainting, multi-timeframe indicator that delivers clean, professional-grade monthly levels and real-time strength analysis — from 1-minute to monthly charts.
Core Features
PMH / PML Rays
True Previous Month High & Low, drawn once per month from the first trading day, extending infinitely right. Glued to price — survives scroll, zoom, and timeframe changes.
RVOL (Relative Volume)
Current month volume vs. average of prior months.
>1.5 → Orange (high conviction)
<1.0 → Gray (stealth mode)
ATR%
Monthly volatility as % of price.
>3% → Red (explosive)
<1.5% → Gray (consolidation)
Strength Score (0–100)
Combines:
Price position in monthly range (40%)
Trend state (HH/HL or LL/LH) (30%)
RVOL (30%)
→ ≥70 = Bullish Armor | ≤30 = Bearish Armor
Bar Coloring & Background Tint
Instant visual bias: Green (bullish), Red (bearish), Gray (neutral).
Proximity Triangles
▲ near PMH | ▼ near PML → breakout/bounce alerts.
Right-Edge Labels
Clean, stacked display: PMH, PML, RVOL, ATR%, Score — always visible.
Catatan Rilis
Keep constant color of the Month through the week and dayCatatan Rilis
Label data as tabel!Catatan Rilis
Changed RVOL with OBVCatatan Rilis
OBV and Trend are calculated on weekly basisCatatan Rilis
improved versionSkrip open-source
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.
Pernyataan Penyangkalan
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.
Skrip open-source
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.
Pernyataan Penyangkalan
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.