What is MGI Monthly?
MGI Monthly is a study that renders the monthly layer of Market Generated Information. It complements MGI Daily and MGI Weekly by adding the monthly auction map: where last month's value built and closed, where this month is developing, and where the Monthly VWAP sits. Use it as the slow-moving anchor that contextualizes weekly and daily setups.
Who it's for
- Position and swing futures traders building monthly plans
- Day traders who want monthly anchors layered under their intraday levels
- Auction Market Theory traders mapping multi-week value area development
- Macro and structural traders watching prior-month POC and value area edges
- OFL package users running the full MGI Daily / Weekly / Monthly stack
How MGI Monthly works
Monthly levels rendered
MGI Monthly plots the monthly auction map. Full glossary below.
| Abbreviation | Level | Group |
|---|---|---|
| PM-Hi | Prior Month High | Prior month |
| PM-Lo | Prior Month Low | Prior month |
| PM-Cl | Prior Month Close | Prior month |
| PM-Op | Prior Month Open | Prior month |
| PM-VAH | Prior Month Value Area High | Prior month |
| PM-VAL | Prior Month Value Area Low | Prior month |
| PM-POC | Prior Month Volume Point of Control | Prior month |
| MTH-Op | Current Month Open | Current month |
| MTH-VAH | Current Month Value Area High (developing) | Current month |
| MTH-VAL | Current Month Value Area Low (developing) | Current month |
| MTH-POC | Current Month Volume Point of Control | Current month |
| mVWAP | Monthly Volume-Weighted Average Price | Current month |
Reading monthly structure
Prior-month POC and value area edges are reference magnets. When price returns to PM-POC after weeks away, large participants often defend or rotate around that level. Current-month value area development tells you whether the month is trending or balancing. mVWAP is the volume-weighted line that monthly flow trades around.
Confluence across timeframes
The biggest reactions happen where monthly levels stack with weekly and daily references. PM-VAH coinciding with prior-week VAH and prior-day high creates a confluence zone that is hard to ignore. Run MGI Monthly alongside MGI Weekly and MGI Daily to surface those alignments without manual charting.
Setup & installation
- Install MGI Monthly from the OFL package in a supported platform of your choice (Sierra Chart, MotiveWave, NinjaTrader, or EdgeProX).
- Set the chart to a 24-hour session timeframe.
- Set the bar period to 1, 5, 15, or 30 minutes (30-minute is the preferred default).
- Apply the study and confirm prior-month and current-month levels plot.
- Layer alongside MGI Weekly and MGI Daily for full multi-timeframe context.
Watch the MGI Monthly Sierra Chart installation guide. A chartbook is included with the OFL package.
Note: Platform-specific videos for MotiveWave, NinjaTrader, and EdgeProX are provided in the Discord.
Example use case
Early in the month, price is trading above the prior-month POC but below prior-month VAH. The current month is beginning to build value just under PM-VAH. Mid-week, the auction drives up and tags PM-VAH, where it overlaps with the developing MTH-VAH and Monthly VWAP from below. That triple confluence flags a high-conviction zone. With OFL execution tools confirming absorption at the level, you set up a short back toward PM-POC as the primary monthly target.