OPEN-SOURCE SCRIPT
Hourly Divider with Opening Price
🕐 Hour Lines with Opening Price — Utility Indicator
This lightweight TradingView script helps short-term option traders quickly visualize hourly structure and bias.
What it does:
Draws a vertical blue line at the start of each new hour
Draws a horizontal yellow line from the opening price of the hour, extending until the next hour
Purpose:
This tool makes it easy to:
Track hourly price context on lower timeframes like 1-minute
See how far price moves relative to the hourly open
Identify mean-reversion or breakout conditions around hourly transitions
Best used on:
1-minute (1m) charts, where understanding the position of price relative to the hourly open can inform "Up or Down" binary trades.
This lightweight TradingView script helps short-term option traders quickly visualize hourly structure and bias.
What it does:
Draws a vertical blue line at the start of each new hour
Draws a horizontal yellow line from the opening price of the hour, extending until the next hour
Purpose:
This tool makes it easy to:
Track hourly price context on lower timeframes like 1-minute
See how far price moves relative to the hourly open
Identify mean-reversion or breakout conditions around hourly transitions
Best used on:
1-minute (1m) charts, where understanding the position of price relative to the hourly open can inform "Up or Down" binary trades.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.