This indicator gives the average points/pips value of each hour of the day for the current instrument, for the whole bars of the chart, then you can know the most active hours of it.

IF Hour = 0 THEN
H0 = (H0 + (High - Low))
H0Count = (H0Count + 1)
H0Avg = (H0 / H0Count)
ELSIF Hour = 1 THEN
H1 = (H1 + (High - Low))
H1Count = (H1Count + 1)
H1Avg = (H1 / H1Count)
ELSIF Hour = 2 THEN
H2 = (H2 + (High - Low))
H2Count = (H2Count + 1)
H2Avg = (H2 / H2Count)
ELSIF Hour = 3 THEN
H3 = (H3 + (High - Low))
H3Count = (H3Count + 1)
H3Avg = (H3 / H3Count)
ELSIF Hour = 4 THEN
H4 = (H4 + (High - Low))
H4Count = (H4Count + 1)
H4Avg = (H4 / H4Count)
ELSIF Hour = 5 THEN
H5 = (H5 + (High - Low))
H5Count = (H5Count + 1)
H5Avg = (H5 / H5Count)
ELSIF Hour = 6 THEN
H6 = (H6 + (High - Low))
H6Count = (H6Count + 1)
H6Avg = (H6 / H6Count)
ELSIF Hour = 7 THEN
H7 = (H7 + (High - Low))
H7Count = (H7Count + 1)
H7Avg = (H7 / H7Count)
ELSIF Hour = 8 THEN
H8 = (H8 + (High - Low))
H8Count = (H8Count + 1)
H8Avg = (H8 / H8Count)
ELSIF Hour = 9 THEN
H9 = (H9 + (High - Low))
H9Count = (H9Count + 1)
H9Avg = (H9 / H9Count)
ELSIF Hour = 10 THEN
H10 = (H10 + (High - Low))
H10Count = (H10Count + 1)
H10Avg = (H10 / H10Count)
ELSIF Hour = 11 THEN
H11 = (H11 + (High - Low))
H11Count = (H11Count + 1)
H11Avg = (H11 / H11Count)
ELSIF Hour = 12 THEN
H12 = (H12 + (High - Low))
H12Count = (H12Count + 1)
H12Avg = (H12 / H12Count)
ELSIF Hour = 13 THEN
H13 = (H13 + (High - Low))
H13Count = (H13Count + 1)
H13Avg = (H13 / H13Count)
ELSIF Hour = 14 THEN
H14 = (H14 + (High - Low))
H14Count = (H14Count + 1)
H14Avg = (H14 / H14Count)
ELSIF Hour = 15 THEN
H15 = (H15 + (High - Low))
H15Count = (H15Count + 1)
H15Avg = (H15 / H15Count)
ELSIF Hour = 16 THEN
H16 = (H16 + (High - Low))
H16Count = (H16Count + 1)
H16Avg = (H16 / H16Count)
ELSIF Hour = 17 THEN
H17 = (H17 + (High - Low))
H17Count = (H17Count + 1)
H17Avg = (H17 / H17Count)
ELSIF Hour = 18 THEN
H18 = (H18 + (High - Low))
H18Count = (H18Count + 1)
H18Avg = (H18 / H18Count)
ELSIF Hour = 19 THEN
H19 = (H19 + (High - Low))
H19Count = (H19Count + 1)
H19Avg = (H19 / H19Count)
ELSIF Hour = 20 THEN
H20 = (H20 + (High - Low))
H20Count = (H20Count + 1)
H20Avg = (H20 / H20Count)
ELSIF Hour = 21 THEN
H21 = (H21 + (High - Low))
H21Count = (H21Count + 1)
H21Avg = (H21 / H21Count)
ELSIF Hour = 22 THEN
H22 = (H22 + (High - Low))
H22Count = (H22Count + 1)
H22Avg = (H22 / H22Count)
ELSIF Hour = 23 THEN
H23 = (H23 + (High - Low))
H23Count = (H23Count + 1)
H23Avg = (H23 / H23Count)
ENDIF

RETURN H0Avg as "0", H1Avg as "1", H2Avg as "2", H3Avg as "3", H4Avg as "4", H5Avg as "5", H6Avg as "6", H7Avg as "7", H8Avg as "8", H9Avg as "9", H10Avg as "10", H11Avg as "11", H12Avg as "12", H13Avg as "13", H14Avg as "14", H15Avg as "15", H16Avg as "16", H17Avg as "17", H18Avg as "18", H19Avg as "19", H20Avg as "20", H21Avg as "21", H22Avg as "22", H23Avg as "23"