OPEN-SOURCE SCRIPT

Month Separator

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Month Separator Indicator

This Pine Script indicator separates each month on the chart by visually marking the change between months.

Features:
The indicator detects when the month changes.
It highlights the background with a semi-transparent blue color to differentiate the months.
A small red triangle is plotted at the top of the chart at the beginning of each new month, providing a clear visual cue.
Customization:
You can easily adjust the colors or styles in the script by modifying the bgcolor and plotshape functions.
The indicator works on all timeframes, but it is especially useful on higher timeframes (like daily or weekly charts) to track monthly transitions.
This script is ideal for traders who want a clear visual representation of month boundaries to analyze trends and key levels more effectively.

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