Gold Signal is a trading indicator designed for visual analysis of hourly price action, specifically tailored for Gold (XAUUSD) day trading. It identifies a user-defined reference hour each day, automatically recording that hour’s highest and lowest prices to establish a key price range. This range is projected across the trading day with dotted lines, resetting daily at midnight.

The indicator provides clear visual cues: the reference hour candle is highlighted with distinct colors; arrows appear when a candle closes outside the established range, signaling a confirmed breakout; and the chart background shifts to green or red to indicate bullish or bearish momentum following the breakout. Users can customize the target hour, colors of breakout lines and reference candle, and the opacity of background trend zones.

Typical use involves capturing pre-market volatility, such as during the Asian or pre-London sessions, and trading the momentum that follows when the price breaks out of the defined range at major market opens. The indicator supports breakout and trend strength signals based on bar data and tick data inputs.