Hourly Divider with Opening Price🕐 Hour Lines with Opening Price — Utility Indicator
This lightweight TradingView script helps short-term option traders quickly visualize hourly structure and bias.
What it does:
Draws a vertical blue line at the start of each new hour
Draws a horizontal yellow line from the opening price of the hour, extending until the next hour
Purpose:
This tool makes it easy to:
Track hourly price context on lower timeframes like 1-minute
See how far price moves relative to the hourly open
Identify mean-reversion or breakout conditions around hourly transitions
Best used on:
1-minute (1m) charts, where understanding the position of price relative to the hourly open can inform "Up or Down" binary trades.
OR
Michigandolf's 30min Opening Range (w/Extensions)See previous version for explanation of the 30min Opening Range:
This new version is for users that prefer to see the Opening Range Extensions.
The extensions are based on the distance from the Opening Range High to the Mid Point (or Low to the Mid Point).
