Hourly Ranges [QuantVue]The "Hourly Ranges" indicator is designed to track and visualize the price ranges for each hour of the trading day. It calculates the difference between the high and low prices, as well as the differences between the high and open, and the open and low prices for each hourly candle. This data is stored and used to draw range lines on the chart.
This indicator is particularly useful for traders who want to monitor how price behaves during specific hours, identify potential support and resistance levels, and make trading decisions based on historical hourly price data.
Traders can use the hourly ranges to gauge market volatility and set expectations for price movement within each hour. The drawn levels on the chart represent the average high (resistance) and low (support) price ranges for each hour. These levels can serve as potential entry or exit points for trades, offering clear markers for setting stop-loss or take-profit orders.
By observing how price interacts with these hourly levels, traders can confirm trends or spot reversals. For example, if the price repeatedly touches and bounces off a specific hourly support level, it could indicate strong buying interest at that level.
The average range calculation gives traders a sense of the typical price movement during specific hours. This helps in assessing whether the market is more volatile during certain periods, which can be crucial for adjusting trading strategies and position sizing.
This indicator is particularly useful for traders who want to monitor how price behaves during specific hours, identify potential support and resistance levels, and make trading decisions based on historical hourly price data.
Hourly
Period SeparatorA useful indicator designed to display vertical line separators at specified periods, for example every hour or every 4 hours.
To use this indicator, you must be in a timeframe lower than the specified timeframe on the indicator.
I haven't found any other scripts that allow for custom time frames so I created my own :)
Let me know if you have any suggestions.
Hourly MidlineDescription:
The indicator displays horizontal line in the middle of each hourly candle. You can change the source for calculating the middle level (either middle between High and Low of hourly candle, or middle between Open and Close). It is intended for use on minutely timeframes.
Parameters:
- Source -> source for calculating the middle level
- Line width -> width of the middle lines
- Line color -> color of the middle lines
- Show 1H candle levels -> display the levels used to calculate middle level
Time of Day - Volatility Report█ OVERVIEW
The indicator analyses the volatility and reports statistics by the time of day.
█ CONCEPTS
Around the world and at various times, different market participants get involved in the markets. How does this affect the market?
Knowing this gets you better prepared and improves your trading. Here are some ideas to explore:
When is the market busy and quiet?
What time is it the most volatile?
Which pairs in your watchlist are moving while you are actively trading?
Should you adjust your trading time? Should you change your trading pairs?
When does your strategy perform the best?
What entry times do your winners have in common? What about the exit times of your losers?
Is it worth keeping your trade open overnight?
Bitcoin (UTC+0)
Gold (UTC+0)
Tesla, Inc. (UTC+0)
█ FEATURES
Selectable time zones
Display the statistics in your geographical time zone (or other market participants), the exchange time zone, or UTC+0.
Configurable outputs
Output the report statistics as mean or median.
█ HOW TO USE
Plot the indicator and visit the 1H timeframe.
█ NOTES
Gaps
The indicator includes the volatility from gaps.
Calculation
The statistics are not reported from absolute prices (does not favor trending markets) nor percentage prices (does not depict the different periods of volatility that markets can go through). Instead, the script uses the prices relative to the average range of previous days (daily ATR).
Extended trading session
The script analyses extended hours when activated on the chart.
Daylight Saving Time (DST)
The exchange time or geographical time zone selected may observe Daylight Saving Time. For example, NASDAQ:TSLA always opens at 9:30 AM New York time but may see different opening times in another part of the globe (New York time corresponds to UTC-4 and UTC-5 during the year).
Trade HourThis script is just finds the best hour to buy and sell hour in a day by checking chart movements in past
For example if the red line is on the 0.63 on BTC/USDT chart it mean the start of 12AM hour on a day is the best hour to buy (all based on
It's just for 1 hour time-frame but you can test it on other charts.
IMPORTANT: You can change time Zone in strategy settings.to get the real hours as your location timezone
IMPORTANT: Its for now just for BTC/USDT but you can optimize and test for other charts...
IMPORTANT: A green and red background color calculated for show the user the best places of buy and sell (green : positive signal, red: negative signals)
settings :
timezone : We choice a time frame for our indicator as our geo location
source : A source to calculate rate of change for it
Time Period : Time period of ROC indicator
About Calculations:
1- We first get a plot that just showing the present hour as a zigzag plot
2- So we use an indicator ( Rate of change ) to calculate chart movements as positive and negative numbers. I tested ROC is the best indicator but you can test close-open or real indicator or etc as indicator.
3 - for observe effects of all previous data we should indicator_cum that just a full sum of indicator values.
4- now we need to split this effects to hours and find out which hour is the best place to buy and which is the best for sell. Ok we should just calculate multiple of hour*indicator and get complete sum of it so:
5- we will divide this number to indicator_cum : (indicator_mul_hour_cum) / indicator_cum
6- Now we have the best hour to buy! and for best sell we should just reverse the ROC indicator and recalculate the best hour for it!
7- A green and red background color calculated for show the user the best places of buy and sell that dynamically changing with observing green and red plots(green : positive signal, red: negative signals) when green plot on 15 so each day on hour 15 the background of strategy indicator will change to 15 and if its go upper after some days and reached to 16 the background green color will move to 16 dynamically.
Hourly Range SeparatorHourly Range Separator is a useful tool to display a hourly vertical line separator in less than 1H timeframes like as 1M, 5M, 15M and etc.
You can change Lines color, style and width from Indicator settings.
Notice : We used vline() function for building this Indicator.
Good trading to all ...
Hour Vertical LinesPlots a vertical line on each hour. Only goes back so far.
This indicator is great to look at the structure of the 15m, 5m, 3m, or 1m within the block of a 60m candle.
RexDog Hour Close LinesThe RexDog Hour Close Lines plots the last 4 previous hour (60 minute) closes. Extremely helpful indicator for traders who trade on lower timeframes below the 60.
The plotted lines are also offset to represent that hours close location on the chart-- but keep the below in mind.
The offset is set for a default resolution of 5 minutes. In that chart timeframe, the offset is correct as to the close location. Changing the timeframe to 3m for instance the offset is not accurate to that particular bar. I am sure there is a simple way to do this but maybe I'm just not smart enough to figure it out. Either way, the offset in any timeframe is easy to distinguish the oldest hour close to the newest.
This indicator has the following options:
You can enable or disable any previous 4 hour close line
You can change all line sizes
You can change all line colors. I do apologize if it's inconvenient that I've defaulted the lines to different colors.
I've limited the visibility to only periods below 60 minutes-- but and maybe there is a better way to do this (if so please share). The limit is based on the most common periods below 60: 1, 2, 3, 5, 10, 12, 15, and 30.
Will most likely release the 240 and 30-minute version of this I have on a few charts.
Hourly Time SeparatorI made this indicator mostly for personal use but there may be few others who would like to have vertical lines occur every day in specific our on chart.
I am no developer and all I did was copy @allanster's work and delete few lines and duplicate few others. Code will be open for anyone to edit since it was not my code to start with after all. Hopefully this one helps to someone.
Excitement - Crypto Surfer v1For those of us who need more excitement in our crypto journey besides just HODL, here’s a simple crypto robot that trades on the hourly (1H) candles. I call it the Crypto Surfer because it uses the 20 and 40 EMAs (Exponential Moving Averages) to decide when to enter and exit; price tends to “surf” above these EMAs when it is bullish, and “sink” below these EMAs when it is bearish. An additional 160 SMA (Simple Moving Average) with slope-angle detection, was added as a bull / bear filter to reduce the sting of drawdowns, by filtering-out long trades in a prolonged bear market.
USER NOTES:
- This script will buy $10,000 USD worth of crypto-currency per trade.
- It will only open one trade at a time.
- It has been backtested on all the high market cap coins such as Bitcoin, Ethereum, Binance Coin, Polkadot, Cardano.
- It should be run on the Hourly (H1) chart.
- In general, this moving average strategy *should be* profitable for 80% to 90% of the coins out there
- The 160 SMA filter with slope angle detection is designed to stop you from going long in a bear market.
- It is recommended you copy this script and modify it to suit your preferred coin during backtesting, before running live.
- Trading is inherently risky (exciting), and I shall not be liable for any losses you incur, even if these losses are due to sampling bias.
Weekly/Daily/Hourly/Minutes Colored Background IntervalsThis is my "Weekly/Daily/Hourly/Minutes Colored Background Intervals" assistant. I wouldn't describe it as an indicator, it just exhibits coloration of referenced periods of time with bgcolor() in Pine. With the arrival of 2021, I pondered the necessity of needing a visualization pre-2021 to visually recognize periodicity of market movements by the week, day, hour, or an adjustable period of minutes. While this script is simply generic, I hope you may find useful in your endeavors as a member on TradingView.
Explaining the script's usage, the "Minutes" input can be adjusted from anywhere between 5-55 minutes for only intraday. This can be modified to accommodate 90 minutes (1.5hrs) or any other minutes period desirable by tweaking certain numbers up to 1440. Minutes and Hourly backgrounds are disabled by default for most daily traders. Changing the input() code to `true` will provide them on by default when the script loads, if you choose that route. Each time periods background color is enable/disable capable. All of the colors are easily adjustable to any combination you can ponder for your visual acuity with the color swatch provided by input(type=input.color). The coloring can be "swapped" by input() depending on how you wish to start and end the day visually. I thought this would come in handy. The weekly background can have different starting points, whether it be Sunday, Monday, or any other day such as Friday for example.
The entire script's contents isn't intended for complete re-use as is for publicly published scripts. It's more along the lines of code that could be used to personally modify indicators you have, depending on the time frames you may actually be trading on. The code is basically modular, so you can use bits and pieces of it in your personally modified Pine Editor scripts that you wish to customize for yourself. I will say that the isXxx() functions are completely reusable in any script without any need for author permission inquiries from me, as easy as copy and paste. Those may come in handy for many folks. If you find them useful in certain circumstances, use isXxx() functions as you please. Day of the week detection by functions will have applications beyond my current intended use for them.
Of notable mention, this is a miniature lesson by example of how the new input(type=input.color) may be used. I'm also using `var` inside functions to aid in computational efficiency of the script runtime. The colors are permanently stored at the very beginning of the scripts operation inside the function and just reused from that point onward. Its a rare use case, but well suited for this scripts intention. Once again I have demonstrated the "Power of Pine" for developers of any experience level to learn from via code elegance.
When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members , I may implement more ideas when they present themselves as worthy additions. Have a profitable future everyone!
Key Levels [@treypeng]Draws horizontal lines for Daily, Hourly (1) and Weekly levels. Really handy to switch on quickly when scalping.
Light blue: Previous hour OHLC
Thick light blue: Previous hour Close / current hour Open
Dark blue: Yesterday OHLC
Thick dark blue: Yesterday Close / today Open
Purple: Weekly Open
It's a bit ugly, I'd prefer horizontal rays instead of lines stretching back across the chart but I couldn't figure out how to do this in PineScript. If I get it sorted, I'll publish an update.
Reset Every (Indicator)Nearly identical to the price version , this configurable indicator retains the max and min value of a chart for the time duration you specify. The difference with this one is that it can be applied to any other indicator, not just price.
Applied to volume:
Reset Every (Price)Someone requested a high/low price indicator that would reset the "remembered" prices daily. I started out doing just that, and then decided to make it much more configurable.
Choose the units (minutes, hours, days, weeks, months) and the number of those units, and this will reset the highest/lowest value remembered to the current values on your chosen time interval.
This should work with any time interval you desire, within reason...asking for resets every 4000 hours on a monthly chart will probably not work.
GE, monthly, every 7 months:
Ford, weekly, every 18 months:
Dow Jones Industrial Average, weekly, every 90 days:
LTCBTC, daily, every 10 days:
ETHUSD, 30 minutes, every 10 days:
BTCUSD, 1 minute, every 10 hours:
EURUSD, 1 minute, every 50 minutes:
Also, I am about to publish another version of this with just one source input that can be applied to any indicator...stay tuned!
8ma34 EURUSD 1h 480tp 950slCrossing 8 sma and 34 sma on the 1h chart (close) of EURUSD.
If sma (8) crossing up sma (34) then open a long on closed bar with +480 pips for the take profit and -950 pips for the stop loss.
If sma (8) crossing down sma (34) then open a short on closed bar with -480 pips for the take profit and +950 pips for the stop loss.
Simple Moving Average StrategyThis is a modification of MOVINGAVG CROSS with different inputs of bar lengths that work with a great average percentage with not much drawdown. I ran the strategy tester with GBPUSD on 1 hour time frame.
CM_Hourly PivotsSimple Code for Hourly Pivot Points Requested by user pippo
Inputs Tab:
Turn On/Off Pivots
Turn On/Off R3/S3
