OPEN-SOURCE SCRIPT
Last Candle of Hour Highlighter (M1 + M5)
Highlights the last candle of every hour on 1-minute (M1) and 5-minute (M5) charts, making it easier to spot session closes, breakouts, and end-of-hour price action at a glance.
Detailed Description / How to Use:
This indicator automatically detects the last candle of each hour and changes its colour for quick visual reference. It’s designed for traders who use short-term timeframes (M1, M5) and want a clean visual cue for hourly closes.
Features:
• Automatically detects M1 and M5 timeframes.
• Highlights the last candle of each hour with a customisable colour.
• Optional Bull/Bear mode: colour changes depending on candle direction.
• Simple and lightweight — does not affect chart performance.
Inputs / Settings:
1. Color by Bull/Bear – Toggle on to automatically colour the last candle green (bullish) or red (bearish) based on its close relative to the open.
2. Highlight Colour – Choose a single colour if Bull/Bear mode is off.
3. Bullish Colour – Choose the colour for bullish last candles.
4. Bearish Colour – Choose the colour for bearish last candles.
Usage Tips:
• Works best on 1-minute and 5-minute charts.
• Ideal for spotting end-of-hour reversals, breakout candles, and momentum shifts.
• Can be combined with other indicators like support/resistance or moving averages for more advanced strategies.
Detailed Description / How to Use:
This indicator automatically detects the last candle of each hour and changes its colour for quick visual reference. It’s designed for traders who use short-term timeframes (M1, M5) and want a clean visual cue for hourly closes.
Features:
• Automatically detects M1 and M5 timeframes.
• Highlights the last candle of each hour with a customisable colour.
• Optional Bull/Bear mode: colour changes depending on candle direction.
• Simple and lightweight — does not affect chart performance.
Inputs / Settings:
1. Color by Bull/Bear – Toggle on to automatically colour the last candle green (bullish) or red (bearish) based on its close relative to the open.
2. Highlight Colour – Choose a single colour if Bull/Bear mode is off.
3. Bullish Colour – Choose the colour for bullish last candles.
4. Bearish Colour – Choose the colour for bearish last candles.
Usage Tips:
• Works best on 1-minute and 5-minute charts.
• Ideal for spotting end-of-hour reversals, breakout candles, and momentum shifts.
• Can be combined with other indicators like support/resistance or moving averages for more advanced strategies.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.