OPEN-SOURCE SCRIPT
True Hour Open
🧠 Why Count an Hour from 30th Minute to 30th Minute?
✅ Traditional Hour vs. Functional Hour
Traditional Time Logic: We’re used to viewing time in clean hourly chunks: 12:00 to 1:00, 1:00 to 2:00, and so on. This structure is fine for general purposes like clocks, meetings, and schedules.
Market Logic: Markets, however, don’t always respect these arbitrary human-made time divisions. Price action often develops momentum, structure, and transitions based on market participants' behavior, not on the clock.
🛠 What the Indicator Does
Marks the start of each hour at the 30th minute past the hour (e.g., 1:30, 2:30, 3:30).
Can highlight or segment candles that fall within a “30-to-30” hourly window.
Optionally draws background shading, lines, or boxes to visually group candles from one 30-minute mark to the next.
This helps you:
Visually align your trading with more accurate price behavior windows.
Anchor time blocks around actual market rhythm, not artificial time slots.
Backtest and strategize based on how candles behave in these alternative hourly segments.
📈 Summary
Trading is about timing. But great trading is about timing that makes sense.
By redefining the hour from 30 to 30, you’re not changing time—you’re aligning with how price moves in time.
✅ Traditional Hour vs. Functional Hour
Traditional Time Logic: We’re used to viewing time in clean hourly chunks: 12:00 to 1:00, 1:00 to 2:00, and so on. This structure is fine for general purposes like clocks, meetings, and schedules.
Market Logic: Markets, however, don’t always respect these arbitrary human-made time divisions. Price action often develops momentum, structure, and transitions based on market participants' behavior, not on the clock.
🛠 What the Indicator Does
Marks the start of each hour at the 30th minute past the hour (e.g., 1:30, 2:30, 3:30).
Can highlight or segment candles that fall within a “30-to-30” hourly window.
Optionally draws background shading, lines, or boxes to visually group candles from one 30-minute mark to the next.
This helps you:
Visually align your trading with more accurate price behavior windows.
Anchor time blocks around actual market rhythm, not artificial time slots.
Backtest and strategize based on how candles behave in these alternative hourly segments.
📈 Summary
Trading is about timing. But great trading is about timing that makes sense.
By redefining the hour from 30 to 30, you’re not changing time—you’re aligning with how price moves in time.
オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。