diff --git a/README.md b/README.md
index 782312e..17b3969 100644
--- a/README.md
+++ b/README.md
@@ -52,6 +52,7 @@ Look up flags and options can be used [in ts-node's docs](https://github.com/Typ
 * `--rs` - Allow to restart with "rs" line entered in stdio, disabled by default.
 * `--notify` - to display desktop-notifications (Notifications are only displayed if `node-notifier` is installed).
 * `--cache-directory` - tmp dir which is used to keep the compiled sources (by default os tmp directory is used)
+* `--file-change-hook` - Bind a file watch hook.
 
 If you need to detect that you are running with `ts-node-dev`, check if `process.env.TS_NODE_DEV` is set.
 
diff --git a/package.json b/package.json
index c5e6e8b..4278884 100644
--- a/package.json
+++ b/package.json
@@ -44,6 +44,7 @@
   "dependencies": {
     "chokidar": "^3.5.1",
     "dynamic-dedupe": "^0.3.0",
+    "esm": "^3.2.25",
     "minimist": "^1.2.5",
     "mkdirp": "^1.0.4",
     "resolve": "^1.0.0",
@@ -70,7 +71,6 @@
     "chalk": "^4.1.0",
     "coffee-script": "^1.8.0",
     "eslint": "^7.7.0",
-    "esm": "^3.2.22",
     "fs-extra": "^9.0.1",
     "mocha": "^8.1.1",
     "np": "^6.5.0",
@@ -97,4 +97,4 @@
   "publishConfig": {
     "registry": "https://registry.npmjs.org"
   }
-}
+}
\ No newline at end of file
diff --git a/src/bin.ts b/src/bin.ts
index abe42cc..d3f1c78 100644
--- a/src/bin.ts
+++ b/src/bin.ts
@@ -98,6 +98,7 @@ const devFlags = {
     'debounce',
     'watch',
     'cache-directory',
+    'file-change-hook'
   ],
 }
 
@@ -121,6 +122,7 @@ type DevOptions = {
   'exec-check': boolean
   'exit-child': boolean
   'cache-directory': string
+  'file-change-hook': string
   'error-recompile': boolean
   quiet: boolean
   'tree-kill': boolean
diff --git a/src/index.ts b/src/index.ts
index ed1be9c..bc6d2dd 100644
--- a/src/index.ts
+++ b/src/index.ts
@@ -1,6 +1,8 @@
 import { fork, ChildProcess } from 'child_process'
 import chokidar from 'chokidar'
 import fs from 'fs'
+import path from 'path'
+import vm from 'vm'
 import readline from 'readline'
 
 const kill = require('tree-kill')
@@ -38,9 +40,9 @@ export const runDev = (
   // The child_process
   let child:
     | (ChildProcess & {
-        stopping?: boolean
-        respawn?: boolean
-      })
+      stopping?: boolean
+      respawn?: boolean
+    })
     | undefined
 
   const wrapper = resolveMain(__dirname + '/wrap.js')
@@ -90,12 +92,12 @@ export const runDev = (
 
   log.info(
     'ts-node-dev ver. ' +
-      version +
-      ' (using ts-node ver. ' +
-      tsNodeVersion +
-      ', typescript ver. ' +
-      tsVersion +
-      ')'
+    version +
+    ' (using ts-node ver. ' +
+    tsNodeVersion +
+    ', typescript ver. ' +
+    tsVersion +
+    ')'
   )
 
   /**
@@ -240,6 +242,26 @@ export const runDev = (
     } else {
       notify('Restarting', file + ' has been modified')
     }
+
+    if (opts['file-change-hook']) {
+      try {
+        const scriptPath = path.resolve(process.cwd(), opts['file-change-hook'])
+        const code = `require("${scriptPath}").default("${file}");`
+        const result = vm.runInNewContext(code, {
+          require: require("esm")(module),
+          module,
+          console,
+          process
+        });
+        if (!result) {
+          notify('FileChangeHook', 'Hook exit code: 0.')
+        }
+      } catch (err) {
+        notify('FileChangeHook', err)
+        console.log(err)
+      }
+    }
+
     compiler.compileChanged(file)
     if (starting) {
       log.debug('Already starting')
diff --git a/test/fixture/fileChangeHook.js b/test/fixture/fileChangeHook.js
new file mode 100644
index 0000000..1734308
--- /dev/null
+++ b/test/fixture/fileChangeHook.js
@@ -0,0 +1,4 @@
+export default function (file) {
+  console.log('change file:' + file);
+  return 0
+}
\ No newline at end of file
diff --git a/test/tsnd.test.ts b/test/tsnd.test.ts
index 991a9f2..d11ca7b 100644
--- a/test/tsnd.test.ts
+++ b/test/tsnd.test.ts
@@ -66,7 +66,7 @@ describe('ts-node-dev', function () {
     await ps.waitForLine(/\[ERROR\]/)
     const out = ps.getStdout()
     const err = ps.getStderr()
-    
+
     t.ok(/Compilation error in/.test(err), 'Reports error file')
     t.ok(/[ERROR].*Unable to compile TypeScript/.test(out), 'Report TS error')
     t.ok(/Argument of type/.test(out), 'Report TS error diagnostics')
@@ -159,7 +159,7 @@ describe('ts-node-dev', function () {
     await ps.waitForLine(/JS MODULE/)
     t.ok(true, 'ok')
     await ps.exit()
-  })  
+  })
 
   it('should handle -r esm option and load JS modules', async () => {
     const ps = spawnTsNodeDev([`--respawn`, `-r esm`, `js-module.js`].join(' '))
@@ -361,4 +361,15 @@ describe('ts-node-dev', function () {
     const list = fs.readdirSync(cacheDir)
     t.ok(list[0] === 'compiled', '"compiled" dir is there')
   })
+
+  it('should handle --file-change-hook flag', async () => {
+    writeFile('test.ts', 'a')
+    const ps = spawnTsNodeDev([`--file-change-hook`, `fileChangeHook.js`, `--respawn`, `--watch`, `test.ts`, `simple.ts`].join(' '))
+    await ps.waitForLine(/v1/)
+    writeFile('test.ts', 'b')
+    await ps.waitForLine(/Restarting.*test.ts/)
+    t.ok(true, 'works')
+    await ps.exit()
+    await removeFile('test.ts')
+  })
 })
diff --git a/yarn.lock b/yarn.lock
index 6ab0ef4..5db21cc 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1476,10 +1476,10 @@ eslint@^7.7.0:
     text-table "^0.2.0"
     v8-compile-cache "^2.0.3"
 
-esm@^3.2.22:
-  version "3.2.22"
-  resolved "https://registry.yarnpkg.com/esm/-/esm-3.2.22.tgz#5062c2e22fee3ccfee4e8f20da768330da90d6e3"
-  integrity sha512-z8YG7U44L82j1XrdEJcqZOLUnjxco8pO453gKOlaMD1/md1n/5QrscAmYG+oKUspsmDLuBFZrpbxI6aQ67yRxA==
+esm@^3.2.25:
+  version "3.2.25"
+  resolved "https://registry.npm.taobao.org/esm/download/esm-3.2.25.tgz#342c18c29d56157688ba5ce31f8431fbb795cc10"
+  integrity sha1-NCwYwp1WFXaIulzjH4Qx+7eVzBA=
 
 espree@^7.2.0:
   version "7.2.0"