This indicator marks the first hour's high and low with a line with the percentage of range height. First hour high and low generally act as heavy support and resistance or say major key areas in daily intraday charts. You can adjust the settings if you want to see previous days' hour range lines or not. This indicator will automatically create hour-range lines after an hour of market opening.
Bhai Please explain the percentage of range height ?what is that
Traderintraining1
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The 1st hour high is not marked correctly, it seemed to mark the swing low from the high. Here is a picture. I am not sure if there is some modification we can make to fix this. Thank you for your script otherwise! imgur.io/a/tp8COnm
Traderintraining1
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@akash_maurya563 It seems the first hour high and low are incorrect on the 1 min chart, but on 5 min chart it is correct. Any ideas why? TY sir
akash_maurya563
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@Traderintraining1, do you use this in forex. if yes then it didn't work well on forex as the fluctuation is relatively high and there is no starting time in forex which makes the first hour useless. otherwise, it is working on other 1 min charts correctly.