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BC_Monthly Strength ArmorV0001

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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.
發行說明
Keep constant color of the Month through the week and day
發行說明
Label data as tabel!
發行說明
Changed RVOL with OBV
發行說明
OBV and Trend are calculated on weekly basis
發行說明
improved version
發行說明
small improvements
發行說明
added allerts
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eliminate small warnings
發行說明
add some larry williams tweaks
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fixed score
發行說明
fixed score

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