Auto Hourly Deviations {Module+}Description
This indicator automatically calculates and visualizes the prior hour’s price structure and its deviation levels. By combining core reference lines (high, low, EQ, quarters, open) with dynamic deviation levels and shaded zones, it provides a framework for understanding intraday price behavior relative to the most recent hourly range.
The tool has three functional sections that work together:
Core Hourly Structure – Captures the prior hour’s high, low, EQ (50%), and quarter levels (25% and 75%), plus the current open.
Deviation Levels – Projects standardized deviation multiples (±0.33, ±0.5, ±0.66, ±1.0, ±1.33, ±1.66, ±2.0) above and below the prior hour’s range.
Shading & Anchoring – Fills zones between key deviation levels for visual emphasis, while allowing projection offsets and anchor line references for precise chart alignment.
Together, these layers give traders a structured map of price movement around hourly ranges, making it easier to track expansion, retracement, and trend continuation.
1. Core Hourly Structure
Plots the prior hour’s high and low as key reference points.
Automatically calculates EQ (midpoint), 25%, and 75% levels.
Tracks the open of the current hour for immediate orientation.
Optional anchor line marks the start of each hourly window for time alignment.
Use: Frames the “hourly box” and subdivides it for intraday structure analysis.
2. Deviation Levels
Uses the prior hour’s range as a baseline.
Projects deviation levels above and below: ±0.33, ±0.5, ±0.66, ±1.0, ±1.33, ±1.66, and ±2.0.
Each level can be individually toggled with full line/label styling.
Use: Quantifies how far price is moving relative to the last hour’s volatility — useful for spotting overextensions, retraces, and probable reaction zones.
3. Shading & Anchoring
Shaded zones between selected deviation bands (e.g., +0.33 to +0.66 or +1.33 to +1.66) highlight potential liquidity or reaction areas.
Projection offsets allow levels to extend forward into future bars for planning.
Labels and color controls make the chart highly customizable.
Use: Provides quick visual cues for potential trading ranges and deviations without clutter.
Intended Use
This is a visualization tool, not a buy/sell system. Traders can use it to:
Track how price interacts with the prior hour’s high/low.
Measure hourly expansion through deviation levels.
Spot retracements or continuation zones inside and beyond the prior hour’s range.
Limitations & Disclaimers
Levels are derived from completed hourly candles; they do not predict outcomes.
Deviations are static calculations and do not account for fundamentals or volatility shifts.
This indicator does not provide financial advice or trading signals.
For informational and educational purposes only.
Trading involves risk; always apply proper risk management.
Closed-source (Protected): Logic is accessible on charts, but the source code is hidden. A TradingView paid plan is required for protected indicators.
Intervals
Time Intervals [signBTC]This script is designed to visualize 6 auxiliary time intervals on the chart near the time axis. Each of these intervals can be configured by the user with the following options:
Interval duration: Any duration can be set (for example, 1 hour, 2 hours, 4 hours, etc.).
Interval color: Each time block can have its own color for better visual distinction.
Label: Users can add a custom label for each of the 6 intervals to indicate its purpose or highlight important features.
In the default configuration, the script automatically draws 6 equal four-hour intervals for each trading day, dividing each daily trading session into six parts—two for each of the three standard market sessions, or three per each of two major sessions (if considering only regular daytime and extended overnight trading).
This tool is particularly useful for traders who want to quickly navigate different time areas of the trading day, monitor individual parts of a session, or highlight specific time windows for strategy analysis. All script parameters (interval, color, and label for each block) are easily adjustable in the indicator's settings.
Trade-o-Scope: Highlight IntervalsTrade-o-Scope team presents the Highlight intervals indicator.
Highlight intervals is a simple yet powerful indicator that helps highlight adjustable time intervals on the chart.
Overview and functionality:
You can define time intervals at three different levels: Month, Day of the Week, and Day of the Month. The indicator will then highlight intervals at the intersection of these levels.
By default, the indicator will use the exchange timezone, but you can easily switch to any timezone that suits you best.
You can activate an info-panel about the type of asset displayed on the chart and the timezone used by the exchange.
You can select your preferred color for highlighting intervals.
With Highlight intervals, you're equipped to visualize and focus on the intervals that matter most to you while seeking alpha!
How it works:
You define which bars will be highlighted by configuring the indicator settings. These settings revolve around the time intervals and may combine:
Months: Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec
Days of Month: 1 - 31
Days of Week: Mon, Tue, Wed, Thu, Fri, Sat, Sun
Example:
In the attached chart you can see an example where the time intervals are highlighted according to such a configuration:
Months: Feb, Mar
Days of Month: 1 - 15
Days of Week: Mon - Fri
Exponential Least Squares Moving AverageModified LSMA (Least Squares Moving Average) to use exponential rates of growth instead of linear regression. Inputting a number into the confidence interval allows the user to have set percentage of statistical guarantee based on past movement. To set this percentage of guarantee (Default set to 97.5%), refer to the input values below:
0.000 = 50%
0.255 = 60%
0.525 = 70%
0.835 = 80%
1.040 = 85%
1.285 = 90%
1.645 = 95%
1.960 = 97.5%
2.330 = 99%
