OPEN-SOURCE SCRIPT
Hourly Candle Open Tracker (R2F)
Hourly Candle Start & Formation Tracker
This indicator is designed to help traders clearly identify which hourly candle has started during the current hour, as well as which hourly candle is forming for the next hour.
The tool tracks hourly candle cycles from Hour 1 through Hour 12, making it easier to follow time-based market structure, session rhythm, and candle sequencing directly on your chart.
It provides a simple visual reference for traders who use hourly candle timing as part of their strategy, whether for entries, exits, confirmations, or observing how price behaves as each hourly candle opens and develops.
Key Features
Identifies the current hourly candle that has started
Shows which hourly candle is forming next
Covers hourly cycles from 1 to 12
Helps improve awareness of candle timing and session flow
Useful for intraday traders, scalpers, and time-based strategies
Clean and easy-to-read display directly on the chart
How It Can Be Used
This indicator can help traders stay aligned with hourly candle changes and prepare for the next candle formation before it begins. It may be useful for traders who watch specific hourly candles for volatility, reversals, continuation moves, liquidity grabs, or session-based setups.
Disclaimer
This indicator is intended for informational and educational purposes only. It does not provide buy or sell signals and should not be used as financial advice. Always combine it with your own analysis, risk management, and trading plan.
This indicator is designed to help traders clearly identify which hourly candle has started during the current hour, as well as which hourly candle is forming for the next hour.
The tool tracks hourly candle cycles from Hour 1 through Hour 12, making it easier to follow time-based market structure, session rhythm, and candle sequencing directly on your chart.
It provides a simple visual reference for traders who use hourly candle timing as part of their strategy, whether for entries, exits, confirmations, or observing how price behaves as each hourly candle opens and develops.
Key Features
Identifies the current hourly candle that has started
Shows which hourly candle is forming next
Covers hourly cycles from 1 to 12
Helps improve awareness of candle timing and session flow
Useful for intraday traders, scalpers, and time-based strategies
Clean and easy-to-read display directly on the chart
How It Can Be Used
This indicator can help traders stay aligned with hourly candle changes and prepare for the next candle formation before it begins. It may be useful for traders who watch specific hourly candles for volatility, reversals, continuation moves, liquidity grabs, or session-based setups.
Disclaimer
This indicator is intended for informational and educational purposes only. It does not provide buy or sell signals and should not be used as financial advice. Always combine it with your own analysis, risk management, and trading plan.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.