PmC index: last month's closing price of the index
PmC index stands for previous month close, index: the closing price of the official index itself — for example the DAX or the Dow — on the last trading day of last month. Monthly charts close on it and month-on-month performance is measured from it. On a futures chart you can't simply draw it: futures such as FDAX or YM trade tens to hundreds of points away from their index (the cash-future difference). Basics converts the index's closing price to the prices of the chart you are looking at. The line is switched off by default; this page explains what it shows and how to switch it on.
On this page
1 Oct · new month
12345
- 1Wednesday 30 September — the DAX closes September at 25,199.19. In FDAX prices that was about 25,331 on 16 October, the last day of this chart.
- 2Thursday 1 and Friday 2 October — after a dip under it on the first day of the month, FDAX is back above the line on Friday.
- 3Wednesday 7 October — FDAX falls through the line and slides to 24,925 the next day.
- 4Monday 12 October — FDAX is back above the line. Until Thursday the dips end around it.
- 5Friday 16 October — FDAX trades at 25,827, about 500 points above the line.
Part of Basics
Free TradingView indicator with all session, week and month levels for index, futures and CFD charts.
Install Basics (free) →What last month's closing price is
The closing price of the last trading day of a month is the index's monthly closing price — the same official closing price as on any other day:
| Nasdaq-100, S&P 500, Dow, Russell 2000 | 16:00 New York time |
|---|---|
| DAX | The Xetra closing price, set in the closing auction after 17:30 Berlin time |
| FTSE 100 | 16:30 London time |
| AEX | 17:30 Amsterdam time |
It is where monthly charts close their candle, and the reference for every "the DAX gained 2 % in September". During the new month, price above it means the market has gained since then, below it, it has lost.
Why the line moves on a futures chart
The DAX's closing price of September is 25,199.19, and that never changes. Its price on an FDAX chart does: Basics converts it with the current cash-future difference, which changes over the weeks. So the line on the chart above shows where the level lies today, which is what you trade against. On a CFD such as GER40 or US30, which follows the index, the line is the closing price itself.
How Basics shows it
PmC index is drawn on every supported chart — futures (main, mini, micro, nano), CFDs and the index itself — each time at the right price for that chart. On a futures chart, for example FDAX or MYM, it is converted; on a CFD or index chart it is the closing price itself.
| Default look | Dark pink, solid, width 2 |
|---|---|
| Label on the chart | PmC index (renamable) |
| Switched on by default | No |
| Value | The index's official closing price on the last trading day of last month |
| Price on your chart | Futures (main, mini, micro, nano): converted with the current cash-future difference. CFD and index charts: the index value itself |
| Where the line starts | At the end of last month; it runs through the whole current month |
| Timeframes | Charts from 1 minute up to the weekly chart, on seconds charts too, unless the level needs more history than the chart loads; not on monthly charts |
| Markets | Nasdaq-100, S&P 500, Dow, Russell 2000, DAX, FTSE 100 and AEX — all tickers |
| Lookback | 1 — last month only (up to 20 months) |
Same price as last week's closing price? When the month ends on the last trading day of a week, last month's closing price is also last week's during the first week of the new month. Then the label reads PwC/PmC index: one line with both names.
The same level on other instruments
Click a chart to enlarge it.
Why don't I see the line?
- It is switched off.PmC index is off by default. Check the box under Index levels and the master switch Show all objects in 'Index levels' group in the indicator settings.
- You are on a timeframe without it.The line is drawn on charts from 1 minute up to the weekly chart.
- Price is far away from it.Lines are hidden while the level is more than 5 % from the current price, so they don't squeeze the chart. You can change this under General → Level visibility range.
- Your ticker is not recognised.See the supported tickers — and if yours is missing, let me know: requests are very welcome.
What you can change
In the indicator settings (the gear icon next to Basics on your chart), under Index levels:
| Show / hide | PmC index checkbox · Index levels |
|---|---|
| Colour, width, style | Any colour · width 1–5 · solid, dashed or dotted |
| Label text | Default PmC index |
| Lookback | 1–20 months (default 1) |
| Month boundaries | Thin vertical line where each month begins · Backgrounds |
| Label size, line end, visibility range | Shared with all lines · General |
Charts and defaults on this page: Basics v11.72.8 · updated 21 October 2026.
Frequently asked questions
What is the monthly closing price of an index?
The official closing price on the last trading day of the month: 16:00 New York time for the US indices, the Xetra closing price for the DAX.
Why does PmC index sit at a different price on FDAX?
FDAX trades at a different price than the DAX. Basics converts the closing price with the current cash-future difference. See why the line moves.
Why don't I see PmC index?
It is switched off by default. Switch it on under Index levels in the indicator settings.
Does it work on a GER40 or US30 CFD?
Yes. A CFD follows the index, so there the line is the index's closing price itself.
What is the difference with PmC future?
PmC index is the official closing price of the index. PmC future is the main future's last price of the month, which includes the trading after the stock market has closed.
Related levels
See PmC index on your own chart
Basics is free on TradingView. Add it to any supported chart — for example FDAX or a US30 CFD — and switch on PmC index under Index levels.