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.