A TradingView indicator that analyzes and highlights the most frequent hours for daily price highs and lows, helping traders identify key market timing patterns.
Explore complementary indicator rolesHow it works
The Highs & Lows by Hour indicator systematically scans historical price data from the TradingView chart, focusing exclusively on the one-hour timeframe. It meticulously tracks and counts the frequency of daily price highs and lows for each hour of the trading day, utilizing the available historical bars loaded in the chart.
The tool then processes this data and generates a structured table that displays the most recurring hours for price extremes. The results are sorted from highest to lowest frequency, providing traders with a clear visual representation of when the market is most likely to reach its daily high and low points.
Why it may be useful
This indicator offers traders a data-driven approach to understanding market timing and price behavior by revealing consistent patterns in daily price movements. By identifying the most frequent hours for price extremes, traders can gain valuable insights into market dynamics that are often hidden from conventional analysis.
The tool enhances market awareness by providing a statistical breakdown of historical price trends, allowing traders to make more informed decisions about potential entry and exit points. It transforms raw price data into actionable intelligence, helping traders recognize and anticipate potential market turning points with greater precision.
When to explore it
The Highs & Lows by Hour indicator is most effective for intraday traders operating on the one-hour timeframe, particularly in markets like Forex, stocks, cryptocurrencies, and futures. It is especially valuable for traders seeking to optimize their timing and understand the underlying rhythms of market price movements.
Traders should apply this indicator when they want to improve their market timing, identify potential volatility windows, and align their trading strategies with historical price behavior. It is particularly useful for scalpers and day traders who need to make quick, informed decisions based on precise market timing insights.
Keep exploring
What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
![ATH/ATL Tracker [LuxAlgo] chart preview](https://s3.tradingview.com/m/Mh5ahLsZ.png?v=1717678291)
![Volume Zones Internal Visualizer [LuxAlgo] chart preview](https://s3.tradingview.com/w/WuVJdPRt.png?v=1738770621)