SPXTrader Hourly Close Strategy (HCS) for TradingView is a strategy that only initiates trades near the hourly bar close. 

Here's Hourly Close Strategy (HCS) performance on /ES TradingView (May 1 - Jun 20)

The performance number above do not include a fixed profit target. When configured with a 5 point profit target on /ES, the Winning Trade Percentage jumps to 61%

The signals generated by the strategy are marked in the chart as below


Hourly Close Strategy is only available for TradingView platform. Other Trading platforms aren't supported yet

HCS requires access to live data feed for /ES. This access is sometimes available through Brokers (like AMP Futures). If your broker does not provide data feed to TradingView, a CME Globex data subscription is required for Cedar ($2/month) as shown below

In some cases, the $2/month data cannot be added to Basic (Free) TradingView accounts. Please check with TradingView support for the matter.

Not a TradingView member? Sign up here and get $30 credit


HCS Bands denote the range bounds for the intraday market. A range bound market will typically oscillate between the HCS Bands. Breakouts will typically see price extension at least until the bands catch up with the price. 

HCS Bands are generic and can be used on multiple assets but recommended only for /ES (and /MES) and /NQ (and /MNQ). 

Sample /ES chart

Sample /NQ chart

To subscribe to HCS Bands study alone, please sign up here


The Hourly Close Strategy should be applied on a 5m chart of Emini S&P Futures (/ES and/MES). The strategy internally calculates hourly closes and fires signals when possible.


The Hourly Close Strategy has been developed and backtested for Emini S&P Futures (/ES and /MES). It contains various trade models and optimizations that are specific to /ES (and /MES). While HCS Bands may be used with other assets, they are not used in trade signals generated by HCS.


Hourly Close Strategy alerts can be set up using TradingView. Please use the following text in the Message field to receive order price in the alerts

SPXT Hourly Close: order {{strategy.order.action}} @ {{strategy.order.price}} filled on {{ticker}}. New strategy position is {{strategy.position_size}}


Sign up for HCS at $125/month

Reach out to https://twitter.com/SPXTrades via a DM with your TradingView account username to get access to the strategy after you sign up


Disclaimer: By subscribing you agree to be bound by the terms and conditions set forth herein. SPXTrader.us is not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Information or alerts provided on this website, twitter or any of its affiliates are for informational and educational only and shall not be relied upon as personal financial advice. By subscribing, you agree to release and hold “spxtrader.us” and any associated entity completely harmless from any and all financial losses that may occur for any reason or cause including but not limited to tweets, emails, and internet posts. Any reference to a specific trading strategy/indicator is only to assist in learning, and shall never be relied upon when making future investment decisions. Trading stocks, options, and futures involve substantial risk.  All investors must evaluate the investment they are interested in, and shall not rely upon the opinion of spxtrader.us or any of its employees or affiliates. All sales are final. There is no refund.  

Copyright SPX Trader