Historical Month Levels

Indicator builds the following historical month levels:

  • Resistance Levels — a price level above which it is supposedly difficult for a security or market to rise:
    • R3 Month — monthly resistance price #3;
    • R2 Month — monthly resistance price #2;
    • R1 Month — monthly resistance price #1;
  • Support Levels — a price level below which it is supposedly difficult for a security or market to fall.
    • S1 Month — monthly support line price #1;
    • S2 Month — monthly support line price #2; 
    • S3 Month — monthly support line price #3;
  • Extremes Levels — a maximum and minimum price of a month:
    • High Month — maximum month price;
    • Low Month — minimum month price;
  • Forecast Extremes Levels — a maximum and minimum forecast price of a month:
    • Project High Month — maximum forecast month price;
    • Project Low Month — minimum forecast month price;
  • Middle Month — middle month price;
  • Period levels — an open and close price of the month:
    • Open Month — opened month price;
    • Close Month — closed month price;
  • Direct Month — forecast direction of month price;
  • Redirect Month — monthly price, where the direction of price movement has changed.


Indicator parameters:

  • History month limit:
    • 0 — no limits (default);
    • N — display N months;
  • OpenColor — color for open month level (default: Blue);
  • OpenLineStyle — line style for open month level (default: Solid);
  • CloseColor — line style for close month level (default: Blue);
  • count:
    • 0 — display levels based on calculation current month; 
    • 1 — display levels based on calculation previous month (default);
    • N — display levels based on calculation previous N month;
  • MiddleColor — color for middle month level (default: Yellow);
  • RedirectColor — color for redirect month level (default: Aqua);
  • HighColor — color for high month level (default: Red);
  • LowColor — color for low month level (default: Green).
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