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Kevy Key Hour Setup
Kevy Key Hour Setup is a precision timing indicator built around the 3rd 5-minute candle of each hour as the primary directional trigger for NQ/MNQ futures and other liquid instruments.
At the start of each new hour, the indicator draws a zone box around the first candle of that hour to establish the broader hourly context. At the 10-minute mark, the 3rd 5-minute candle begins forming — this is the key candle. Once it closes at the 15-minute mark, the zone is officially locked with high and low boundary lines, a 50% midline, color-coded range fill (red above mid, green below mid), price labels, and configurable profit targets above and below.
Break signals fire the moment price closes outside the 3rd candle's range — a green LONG label below the bar on a topside break, a red SHORT label above the bar on a downside break. A max range filter prevents signals from firing on wide, choppy candles. Two sets of offset lines above and below the hourly candle high/low provide additional entry and trigger reference levels.
Built-in alerts:
🕐 New Hour Open — prep for the setup
✅ Zone Set at 15-min mark — 3rd candle closed, zone is live
🟢 LONG Trigger — close broke above 3rd candle high
🔴 SHORT Trigger — close broke below 3rd candle low
The Market Has a Rhythm
Every hour, institutional algorithms and market makers reset. The first 10 minutes of each hour (:00-:10) is the initial price discovery phase — market makers are feeling out where liquidity sits, running stops, and establishing the opening range for that hour. This is noise. You don't want to trade it.
The 3rd Candle Is the Tell
The 3rd 5-minute candle (:10-:15) is where the market starts to reveal its hand. By the time the first two candles have printed, the initial volatility has settled and a cleaner directional bias is beginning to form. The high and low of that 3rd candle represent the first meaningful range where both buyers and sellers have had a fair chance to respond to the hour's opening move. It's not random — it's the first candle of the hour where smart money has had time to position.
Why the Range Matters
The high and low of the 3rd candle become your decision levels. Price respecting and holding above the midline signals buyer control. Price sitting below the midline signals seller control. When price breaks and closes outside the range entirely, it signals that one side has won the argument for that hour and a directional move is likely to follow. The break is not a prediction — it's a confirmation.
The Max Range Filter
If the 3rd candle is too wide, the setup is disqualified. A wide candle means the market was already volatile and indecisive during that window — the range is too sloppy to use as a clean trigger. A tight, well-defined range produces a higher quality setup because the risk is defined and the breakout is more decisive.
The Offset Lines
The offset lines above and below the hourly candle give you a buffer zone around the key levels. Price often pokes through a level before committing, so the offset lines help you avoid getting triggered by a wick and instead wait for a more meaningful push through the level.
The Hourly Box
The hourly box drawn at the open of each hour gives you the broader context — it shows you where the market started the hour and how far price has moved relative to that opening candle. If the 3rd candle break aligns with price moving away from the hourly open in the same direction, that's added confluence.
The Bottom Line
The setup works because it's built on market structure that repeats every hour across liquid instruments. Institutions operate on schedules, algorithms reset on the hour, and liquidity cycles follow predictable rhythms. The 3rd candle is simply the first clean, unmanipulated read of where that hour wants to go — and the break of its range is your entry signal into that move.
At the start of each new hour, the indicator draws a zone box around the first candle of that hour to establish the broader hourly context. At the 10-minute mark, the 3rd 5-minute candle begins forming — this is the key candle. Once it closes at the 15-minute mark, the zone is officially locked with high and low boundary lines, a 50% midline, color-coded range fill (red above mid, green below mid), price labels, and configurable profit targets above and below.
Break signals fire the moment price closes outside the 3rd candle's range — a green LONG label below the bar on a topside break, a red SHORT label above the bar on a downside break. A max range filter prevents signals from firing on wide, choppy candles. Two sets of offset lines above and below the hourly candle high/low provide additional entry and trigger reference levels.
Built-in alerts:
🕐 New Hour Open — prep for the setup
✅ Zone Set at 15-min mark — 3rd candle closed, zone is live
🟢 LONG Trigger — close broke above 3rd candle high
🔴 SHORT Trigger — close broke below 3rd candle low
The Market Has a Rhythm
Every hour, institutional algorithms and market makers reset. The first 10 minutes of each hour (:00-:10) is the initial price discovery phase — market makers are feeling out where liquidity sits, running stops, and establishing the opening range for that hour. This is noise. You don't want to trade it.
The 3rd Candle Is the Tell
The 3rd 5-minute candle (:10-:15) is where the market starts to reveal its hand. By the time the first two candles have printed, the initial volatility has settled and a cleaner directional bias is beginning to form. The high and low of that 3rd candle represent the first meaningful range where both buyers and sellers have had a fair chance to respond to the hour's opening move. It's not random — it's the first candle of the hour where smart money has had time to position.
Why the Range Matters
The high and low of the 3rd candle become your decision levels. Price respecting and holding above the midline signals buyer control. Price sitting below the midline signals seller control. When price breaks and closes outside the range entirely, it signals that one side has won the argument for that hour and a directional move is likely to follow. The break is not a prediction — it's a confirmation.
The Max Range Filter
If the 3rd candle is too wide, the setup is disqualified. A wide candle means the market was already volatile and indecisive during that window — the range is too sloppy to use as a clean trigger. A tight, well-defined range produces a higher quality setup because the risk is defined and the breakout is more decisive.
The Offset Lines
The offset lines above and below the hourly candle give you a buffer zone around the key levels. Price often pokes through a level before committing, so the offset lines help you avoid getting triggered by a wick and instead wait for a more meaningful push through the level.
The Hourly Box
The hourly box drawn at the open of each hour gives you the broader context — it shows you where the market started the hour and how far price has moved relative to that opening candle. If the 3rd candle break aligns with price moving away from the hourly open in the same direction, that's added confluence.
The Bottom Line
The setup works because it's built on market structure that repeats every hour across liquid instruments. Institutions operate on schedules, algorithms reset on the hour, and liquidity cycles follow predictable rhythms. The 3rd candle is simply the first clean, unmanipulated read of where that hour wants to go — and the break of its range is your entry signal into that move.
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オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。