The RexDog Hour Close Lines plots the last 6 previous hour (60 minute) closes. Extremely helpful indicator for traders who trade on lower timeframes below the 60.

Hour Close Lines On Tradingview

Video Tutorial

How it Works

The plotted lines are also offset to represent that hours close location on the chart– but keep the below in mind.

The offset is set for a default resolution of 5 minutes. In that chart timeframe, the offset is correct as to the close location.

Changing the timeframe to 3m, for instance the offset is not accurate to that particular bar. I am sure there is a simple way to do this, but maybe I’m just not smart enough to figure it out. Either way, the offset in any timeframe is easy to distinguish the oldest hour close to the newest.

Hour Close Lines Indicator

This indicator has the following options:

  • You can enable or disable any previous 4 hour close line
  • You can change all line sizes
  • You can change all line colors. I apologize if it’s inconvenient that I’ve defaulted the lines to different colors.
  • I’ve limited the visibility to only periods below 60 minutes– but and maybe there is a better way to do this (if so please share). The limit is based on the most common periods below 60: 1, 2, 3, 5, 10, 12, 15, and 30.

I will most likely release the 240 and 30-minute version of this I have on a few charts.

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You can learn more about the RexDog Trade System by visiting the following links:

  • Main Page – Here I provide a quick overview of the RD Trade System
  • FAQ – I answer the most common questions I get about the system
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