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.

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Phát hành các Ghi chú

Keep constant color of the Month through the week and day

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Label data as tabel!

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Changed RVOL with OBV

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OBV and Trend are calculated on weekly basis

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improved version

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small improvements

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added allerts

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eliminate small warnings

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add some larry williams tweaks

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fixed score

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fixed score