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Valid Monthly Levels
Valid Monthly Levels (No Sweeps) + Smart Labels
This tool automatically plots the highs and lows of each completed monthly candle and tracks their validity in real time. A level is considered valid until it has been swept (price trades strictly beyond that high or low). Once swept, the line and label can either be removed or dimmed depending on your settings.
Key features:
Monthly highs and lows: Each month’s range is marked with horizontal levels that extend forward.
Valid vs. swept logic: Levels are only valid until breached; swept levels can be hidden or kept as dotted/grey lines.
Smart labels: Each level is labeled with the month and year (e.g., Sep ’25 H/L). On higher timeframes, labels sit at the candle; on lower timeframes, labels automatically shift to the right edge so they don’t disappear off-screen.
Customizable appearance: Choose colors for highs, lows, and swept levels; adjust line styles; and limit how many past months are shown.
Clutter control: Cap the maximum number of labels, so your chart stays readable even on small intraday timeframes.
This indicator is useful for traders who track monthly supply/demand extremes, liquidity sweeps, and higher-timeframe context when executing on lower timeframes.
This tool automatically plots the highs and lows of each completed monthly candle and tracks their validity in real time. A level is considered valid until it has been swept (price trades strictly beyond that high or low). Once swept, the line and label can either be removed or dimmed depending on your settings.
Key features:
Monthly highs and lows: Each month’s range is marked with horizontal levels that extend forward.
Valid vs. swept logic: Levels are only valid until breached; swept levels can be hidden or kept as dotted/grey lines.
Smart labels: Each level is labeled with the month and year (e.g., Sep ’25 H/L). On higher timeframes, labels sit at the candle; on lower timeframes, labels automatically shift to the right edge so they don’t disappear off-screen.
Customizable appearance: Choose colors for highs, lows, and swept levels; adjust line styles; and limit how many past months are shown.
Clutter control: Cap the maximum number of labels, so your chart stays readable even on small intraday timeframes.
This indicator is useful for traders who track monthly supply/demand extremes, liquidity sweeps, and higher-timeframe context when executing on lower timeframes.
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。