Plotting a Vertical Marker at a Chosen Time Each Month
Summary
The document describes a chart indicator that draws one vertical line each month at a user-specified time. It uses indicator buffers with a two-part histogram drawing style. The line can be shown in the main price chart, and the text recommends placing it there before attaching other indicators. It also says the indicator can be dragged into a separate pane containing another indicator, allowing monthly markers to appear alongside data in that pane.
The material is a brief description of a charting utility rather than a trading strategy or an analysis of market behavior. It gives no example of a particular time setting, explains no use for the marker in a trading process, and provides no performance or backtesting evidence. Its practical contribution is limited to indicating how the monthly lines are drawn and where the indicator can be placed. Traders may use such markers to orient chart review around recurring monthly times, but the document does not claim that the markers generate signals or improve results.
Key ideas
- The indicator draws one vertical line per month at a specified time.
- It uses indicator buffers and a two-part histogram drawing style.
- The indicator can be placed in the main chart or another indicator’s pane.
- The document describes chart placement but gives no trading method or performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.