A dynamic indicator tracking the previous hour's high and low levels, helping traders identify key support and resistance zones for potential breakouts and liquidity opportunities.
Explore complementary indicator rolesHow it works
The Previous Hour High & Low Indicator automatically captures the high and low price points from the most recently completed hourly candle. At the start of each new hour, it dynamically draws horizontal lines on the chart representing these key price levels, ensuring traders have an up-to-date view of potential market support and resistance zones.
The indicator is specifically designed for intraday timeframes like 1-minute, 5-minute, 15-minute, and 30-minute charts. It updates without repainting, providing traders with clean, real-time information about recent price action and potential market turning points.
Why it may be useful
This indicator helps traders identify critical liquidity zones where the market frequently exhibits significant price reactions. By highlighting previous hour highs and lows, traders can more effectively anticipate potential breakouts, reversals, and order block setups, which are crucial for making informed trading decisions.
The tool is particularly valuable for traders following ICT (Inner Circle Trading) concepts, offering precise entry points and helping confirm trade setups. Its color-coded levels make it easy to quickly recognize potential resistance and support zones, enhancing traders' ability to spot and execute high-probability trading opportunities.
When to explore it
The Previous Hour High & Low Indicator is most effective for intraday traders focusing on short-term price movements. It works best on 1-minute, 5-minute, 15-minute, and 30-minute charts, where recent price levels are most relevant and actionable for trading strategies.
Traders should avoid using this indicator on hourly or higher timeframes, as the levels become less meaningful. It is particularly useful for scalpers and day traders looking to capitalize on short-term market fluctuations and liquidity events.
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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.
