Hour-of-Week Bias Heatmap

Hour-of-Week Bias Heatmap is your 7 × 24 liquidity radar for crypto and forex. Although markets trade nonstop, edge appears at very specific times. Therefore, this indicator reveals—at a glance—how each of the 168 hours in a week has behaved during the last 104 weeks, so you can align entries and exits with the statistically most favourable windows.

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Why this indicator matters

1. Markets are open 24/7; however, volume and drift are not evenly spread.
2. Because HWBH reveals hidden “golden hours,” you finally know when price tends to trend.
3. Moreover, the two-year look-back smooths noise, so you trade a real bias, not intuition.

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How it works, step by step

• First, every closed bar’s log-return is written to one of 168 hourly buckets.
• Next, you may choose cumulative mode or, alternatively, a rolling FIFO window of N weeks.
• After that, values are normalised to the optional 95th percentile, thus keeping BTC and small-caps comparable.
• Meanwhile, a smart palette—Classic, Solana, or Minimal—maps gains to green and losses to red.
• Finally, tool-tips display day, hour, bias %, and sample size, while yellow stars highlight the five best and five worst hours.

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Key features at a glance

Feature	Benefit
7 × 24 heatmap	Therefore, you visualise an entire week of drift in one grid.
Three colour themes	Consequently, the tool fits any chart style.
Adjustable fonts	Likewise, Small, Normal, or Large suit every monitor.
Time-zone offset	As a result, your desk clock and the heatmap stay in sync.
Star highlight	Thus, the strongest edges pop instantly.
Timeframe guard	In contrast, charts <1 H or >4 H trigger a yellow warning banner.
Analytics panel	Furthermore, you see total bars, look-back weeks, and extreme bias values.
Pine v6 optimised	Hence, even busy layouts remain smooth.

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Quick Start with the Hour-of-Week Bias Heatmap on TradingView

1. Install the script → Indicators → search “Hour-of-Week Bias Heatmap” → add to chart.
2. Select a valid timeframe → use 1 H, 2 H, or 4 H; otherwise, a warning appears.
3. Adjust look-back → for newly listed symbols, simply reduce weeks from 104 to, for instance, 26.
4. Pick colours & fonts → meanwhile, switch palettes with one click.
5. Apply time-zone offset → for example, enter +8 for Singapore or −5 for New York.

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Trading Strategies Using the Hour-of-Week Bias Heatmap

• London breakout filter – If Monday 08-09 UTC is deep green, then long setups gain extra conviction.
• Sunday slippage avoidance – Conversely, red late-Sunday cells warn of wide spreads.
• Session stacking – Moreover, combine a bullish hour with high-volume opens for compound edge.
• Overnight mean reversion – Likewise, short hours showing negative bias right after extreme positive bias.

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FAQ About the Hour-of-Week Bias Heatmap Indicator

Is it free?
Yes. In fact, the Hour-of-Week Bias Heatmap TradingView Indicator is 100 % free and open-source.

Why not 30-minute candles?
Because half-hour data double-counts returns; therefore, stick to 1 H–4 H.

Does it work on stocks or forex?
Certainly—any continuously traded symbol. However, for equities you may prefer a 24/5 CFD.

Can I change colours?
Of course. Either pick another preset or fork the code.

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Installation details

Path: Indicators & Strategies → “Hour-of-Week Bias Heatmap”
⭐  Click the star to save it in Favourites.
🕒  Load on a 1 H chart; otherwise you will see a yellow timeframe warning.