OPEN-SOURCE SCRIPT
Monthly Open Lines (Historical, Accurate)
📝 Description:
This indicator plots horizontal lines at every monthly open across the entire chart, helping traders easily identify key support/resistance levels based on the start of each month.
✅ Accurately tracks all historical monthly opens
✅ Lines extend fully across the screen (like regular horizontal lines)
✅ Black lines for clean, minimal visual impact
✅ Works on any timeframe (intraday, daily, etc.)
📊 Ideal For:
Price action traders
Support/resistance mapping
Monthly level breakout strategies
Institutional order flow tracking
This indicator plots horizontal lines at every monthly open across the entire chart, helping traders easily identify key support/resistance levels based on the start of each month.
✅ Accurately tracks all historical monthly opens
✅ Lines extend fully across the screen (like regular horizontal lines)
✅ Black lines for clean, minimal visual impact
✅ Works on any timeframe (intraday, daily, etc.)
📊 Ideal For:
Price action traders
Support/resistance mapping
Monthly level breakout strategies
Institutional order flow tracking
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.