Uptrick: FVG Market Zones**Uptrick: FVG Market Zones**
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### Introduction
**Uptrick: FVG Market Zones** is a cutting-edge technical analysis tool designed to identify and visualize Fair Value Gaps (FVGs) within financial markets. This indicator focuses on pinpointing critical price levels where significant gaps occur, which can act as potential support and resistance zones. By integrating advanced volatility analysis and user-configurable parameters, the **Uptrick: FVG Market Zones** provides traders with a robust framework for understanding market dynamics and making informed trading decisions.
### Purpose and Functionality
The primary purpose of the **Uptrick: FVG Market Zones** indicator is to detect and highlight Fair Value Gaps, which are areas on a price chart where there is a significant price movement without any trading activity in between. These gaps can provide critical insights into market behavior, as they often indicate areas where the market has not fully accounted for the supply and demand dynamics. Traders use these zones to anticipate potential reversals, breakouts, or consolidations, making this tool highly valuable for both short-term and long-term trading strategies.
### Unique Features and Originality
The **Uptrick: FVG Market Zones** indicator is distinguished by its focus on FVGs and its ability to integrate this concept into a broader market analysis framework. Unlike other indicators that may offer generalized support and resistance levels, this tool specifically identifies and visualizes gaps based on volatility-adjusted criteria. This precision allows traders to focus on the most relevant market zones, improving their ability to anticipate market movements.
One of the standout features of this indicator is its user-configurable settings, which provide a high degree of customization. This flexibility ensures that traders can tailor the indicator to suit their specific trading style and the particular market they are analyzing. Additionally, the indicator's visualization capabilities are enhanced with customizable colors and gap-filling options, making it easier for traders to interpret and act on the information presented.
### Inputs and Configurations
**Uptrick: FVG Market Zones** comes with several user inputs that allow traders to customize the indicator's behavior and appearance. Each input plays a crucial role in determining how the indicator identifies and visualizes FVGs on the chart. Here’s a detailed breakdown of each input:
1. **FVG Analysis Period (fvgPeriod):**
- **Description:** This input determines the period over which the indicator analyzes the chart for identifying FVGs. By adjusting this value, traders can control how far back in time the indicator looks to detect significant gaps.
- **Default Value:** 25
- **Purpose:** A shorter period may focus on more recent market activity, making the indicator more sensitive to recent price movements. In contrast, a longer period allows the indicator to identify gaps that have remained unfilled for an extended time, potentially acting as stronger support or resistance levels.
2. **Analysis Mode (mode):**
- **Description:** The Analysis Mode input allows traders to choose between different methods of analyzing the chart for FVGs.
- **Options:** "Recent Gaps" and "Extended View"
- **Default Option:** "Recent Gaps"
- **Purpose:**
- **Recent Gaps:** Focuses on the latest significant gaps, providing traders with up-to-date information on the most relevant market zones.
- **Extended View:** Considers a broader range of gap patterns, which can be useful in markets where historical gaps may still influence current price action.
3. **Volatility Sensitivity (volatilityFactor):**
- **Description:** This input adjusts the sensitivity of the indicator to market volatility. It is used in calculating the threshold for identifying FVGs.
- **Default Value:** 0.3
- **Step Size:** 0.1
- **Purpose:** A higher sensitivity will cause the indicator to detect smaller gaps, which might be more frequent but less significant. Lower sensitivity focuses on larger, more impactful gaps, which are less frequent but potentially more powerful in predicting market behavior.
4. **Highlight Market Gaps (showGaps):**
- **Description:** A boolean input that determines whether the identified FVGs should be highlighted on the chart.
- **Default Value:** True
- **Purpose:** This input allows traders to toggle the visualization of FVGs. When enabled, the indicator highlights gaps using colored boxes, making them visually prominent on the chart.
5. **Bullish Highlight Color (bullColor):**
- **Description:** Sets the color used to highlight bullish FVGs (gaps that may indicate support).
- **Default Value:** #00FF7F (a shade of green)
- **Purpose:** The color choice is crucial for quickly distinguishing bullish zones from bearish ones. Green is typically associated with upward price movement, making it intuitive for traders to identify potential support areas.
6. **Bearish Highlight Color (bearColor):**
- **Description:** Sets the color used to highlight bearish FVGs (gaps that may indicate resistance).
- **Default Value:** #FF4500 (a shade of red)
- **Purpose:** Red is commonly associated with downward price movement, making it easy for traders to identify potential resistance areas. This color coding helps in quickly assessing the chart.
7. **Fill Gap Areas (fillGaps):**
- **Description:** A boolean input that determines whether the FVGs should be filled with a color on the chart.
- **Default Value:** True
- **Purpose:** Filling the gap areas provides a more solid visual cue for traders. It enhances the visibility of the gaps, making it easier to spot these zones during fast-paced trading sessions.
8. **Hidden Color (hidden):**
- **Description:** A color input that is used when certain elements should be hidden from the chart.
- **Default Value:** color.rgb(0,0,0,100) (a semi-transparent black)
- **Purpose:** This input is useful for controlling the visibility of certain plots or elements on the chart, ensuring that the indicator remains clean and uncluttered.
### Market Gap Detection
The core functionality of the **Uptrick: FVG Market Zones** indicator lies in its ability to detect Fair Value Gaps. These gaps occur when the price makes a significant jump from one level to another without any trading activity in between. The indicator uses a combination of price action analysis and volatility thresholds to identify these gaps.
- **Volatility Measurement:** The indicator begins by measuring market volatility using the Average True Range (ATR). This volatility measurement is then adjusted by the user-defined sensitivity factor, which determines the threshold for identifying significant gaps.
- **Gap Identification:** The indicator checks for instances where the current low is higher than the high two bars ago (bullish gap) or where the current high is lower than the low two bars ago (bearish gap). These conditions signify a potential FVG.
- **Gap Storage and Management:** Once a gap is identified, it is stored in an array. The indicator also manages the size of these arrays based on the selected analysis mode, ensuring that only the most relevant gaps are considered in the analysis.
### Visualization
Visualization is a key component of the **Uptrick: FVG Market Zones** indicator. By providing clear and customizable visual cues, the indicator ensures that traders can quickly and easily interpret the information it provides.
- **Gap Highlighting:** When enabled, the indicator highlights the identified FVGs on the chart using colored boxes. Bullish gaps are highlighted in green, while bearish gaps are highlighted in red. This color coding helps traders instantly recognize potential support and resistance zones.
- **Gap Filling:** The indicator can also fill the identified gaps with a semi-transparent color. This option enhances the visibility of the gaps, making them more prominent on the chart. Filled gaps are particularly useful for traders who want to keep track of these zones over multiple trading sessions.
- **Gap Averages:** The indicator calculates the average level of the identified gaps and plots these averages as lines on the chart. These lines represent the general area of support or resistance based on the detected gaps, providing traders with a reference point for setting their stop losses or profit targets.
- **Text Labels:** The indicator also labels each FVG with the text "FVG" inside the highlighted area. This feature ensures that traders can easily identify these zones even in charts with dense price action.
### Practical Applications
The **Uptrick: FVG Market Zones** indicator is versatile and can be applied to a wide range of trading strategies across different markets and timeframes. Here are a few examples of how this indicator can be used in practice:
1. **Support and Resistance Trading:**
- Traders can use the identified FVGs as dynamic support and resistance levels. By placing their trades based on these levels, they can take advantage of potential reversals or continuations at key market zones.
2. **Gap Filling Strategy:**
- Some traders focus on the concept of gap filling, where the market eventually returns to "fill" the gap created by rapid price movements. The **Uptrick: FVG Market Zones** indicator can
help identify such gaps and anticipate when the market might return to these levels.
3. **Breakout Trading:**
- The indicator can be used to identify breakouts from significant gaps. When the price moves beyond the identified FVGs, it may signal a strong trend continuation, providing an opportunity for breakout traders.
4. **Reversal Trading:**
- By monitoring the signals generated by the indicator, traders can identify potential market reversals. A sell signal after a prolonged uptrend or a buy signal after a downtrend may indicate a reversal, allowing traders to position themselves accordingly.
5. **Risk Management:**
- The average levels of the FVGs can be used to set stop-loss and take-profit levels. By aligning these levels with the FVG zones, traders can improve their risk management practices and enhance their trading discipline.
### Customization and Flexibility
One of the standout features of the **Uptrick: FVG Market Zones** indicator is its high level of customization. Traders can adjust various parameters to tailor the indicator to their specific needs and preferences.
- **Customizable Colors:** The indicator allows traders to choose their preferred colors for highlighting bullish and bearish gaps. This flexibility ensures that the indicator can be integrated seamlessly into any trading setup, regardless of the trader's color scheme preferences.
- **Adjustable Periods and Sensitivity:** By allowing traders to adjust the analysis period and volatility sensitivity, the indicator can be fine-tuned to suit different market conditions. For example, a trader might use a shorter analysis period and higher sensitivity in a volatile market, while opting for a longer period and lower sensitivity in a more stable market.
- **Toggling Visual Elements:** Traders can choose to enable or disable various visual elements of the indicator, such as gap highlighting, gap filling, and text labels. This level of control allows traders to declutter their charts and focus on the information that is most relevant to their trading strategy.
### Advantages and Benefits
The **Uptrick: FVG Market Zones** indicator offers several key advantages that make it a valuable tool for traders:
1. **Precision:** By focusing on Fair Value Gaps, the indicator provides highly precise levels of support and resistance, which are often more reliable than traditional horizontal levels.
2. **Clarity:** The clear visual representation of FVGs, along with the text labels and color coding, ensures that traders can quickly interpret the indicator's signals and incorporate them into their trading decisions.
3. **Adaptability:** The indicator's customizable settings allow it to be adapted to different markets, timeframes, and trading styles. Whether you are a day trader, swing trader, or long-term investor, this indicator can be tailored to meet your needs.
4. **Enhanced Decision-Making:** The trading signals generated by the indicator provide actionable insights that can help traders make more informed decisions. By aligning their trades with the identified FVG zones, traders can improve their chances of success.
5. **Risk Management:** The use of FVG zones as reference points for stop-loss and take-profit levels enhances risk management practices, helping traders protect their capital while maximizing their profit potential.
### Conclusion
The **Uptrick: FVG Market Zones** indicator is a powerful and versatile tool for traders seeking to enhance their market analysis and improve their trading outcomes. By focusing on Fair Value Gaps and providing a high level of customization, this indicator offers a unique blend of precision, clarity, and adaptability. Whether you are looking to identify key market zones, generate trading signals, or improve your risk management practices, the **Uptrick: FVG Market Zones** indicator is a valuable addition to any trader's toolkit.
With its innovative approach to market analysis and user-friendly design, **Uptrick: FVG Market Zones** stands out as an essential tool for traders who want to stay ahead of the market and make more informed trading decisions. Whether you are trading stocks, forex, commodities, or cryptocurrencies, this indicator provides the insights you need to navigate the markets with confidence and success. Indicator
ICT Balanced Price Range [TradingFinder] BPR | FVG + IFVG🔵 Introduction
The ICT Balanced Price Range (BPR) indicator is a valuable tool that helps traders identify key areas on price charts where a balance between buyers and sellers is established. These zones can serve as critical points for potential price reversals or continuations.
🟣 Bullish Balanced Price Range
A Bullish BPR forms when a buying pressure zone (Bullish FVG) overlaps with a Bullish Inversion FVG. This overlap indicates a high probability of price moving upwards, making it a crucial area for traders to consider.
🟣 Bearish Balanced Price Range
Similarly, a Bearish BPR is created when a selling pressure zone (Bearish FVG) overlaps with a Bearish Inversion FVG. This zone is often seen as a key area where the price is likely to move downward.
🔵 How to Use
🟣 Identifying the Balanced Price Range (BPR)
To identify the Balanced Price Range (BPR), you must first locate two Fair Value Gaps (FVGs) on the price chart. One FVG should be on the sell side, and the other on the buy side. When these two FVGs horizontally oppose each other, the area where they overlap is recognized as the Balanced Price Range (BPR).
This BPR zone is highly sensitive to price movements due to the combination of two FVGs, often leading to strong market reactions. As the price approaches this area, the likelihood of a significant market move increases, making it a prime target for professional traders.
🟣 Bullish Balanced Price Range (Bullish BPR)
To effectively trade using a Bullish BPR, begin by identifying a bullish market structure and searching for bullish Price Delivery Arrays (PD Arrays). Once the market structure shifts to bullish in a lower time frame, locate a Bullish FVG within the Discount Zone that overlaps with a Bearish FVG.
Mark this overlapping zone and wait for the price to test it before executing a buy trade. Alternatively, you can set a Buy Limit order with a stop loss below the recent swing low and target profits based on higher time frame liquidity draws.
🟣 Bearish Balanced Price Range (Bearish BPR)
For bearish trades, start by identifying a bearish market structure and look for bearish PD Arrays. After the market structure shifts to bearish in a lower time frame, identify a Bearish FVG within the Discount Zone that overlaps with a Bullish FVG. Mark this overlapping zone and execute a sell trade when the price tests it.
You can also use a Sell Limit order with a stop loss above the recent swing high and target profits according to higher time frame liquidity draws.
🔵 Settings
🟣 Global Settings
Show All Inversion FVG & IFVG : If disabled, only the most recent FVG & IFVG will be displayed.
FVG & IFVG Validity Period (Bar) : Determines the maximum duration (in number of candles) that the FVG and IFVG remain valid.
Switching Colors Theme Mode : Includes three modes: "Off", "Light", and "Dark". "Light" mode adjusts colors for light mode use, "Dark" mode adjusts colors for dark mode use, and "Off" disables color adjustments.
🟣 Display Settings
Show Bullish BPR : Toggles the display of demand-related boxes.
Show Bearish BPR : Toggles the display of supply-related boxes.
Mitigation Level BPR : Options include "Proximal", "Distal", or "50 % OB" modes, which you can choose based on your needs. The "50 % OB" line is the midpoint between distal and proximal.
Show Bullish IFVG : Toggles the display of demand-related boxes.
Show Bearish IFV G: Toggles the display of supply-related boxes.
Mitigation Level FVG and IFVG : Options include "Proximal", "Distal", or "50 % OB" modes, which you can choose based on your needs. The "50 % OB" line is the midpoint between distal and proximal.
🟣 Logic Settings
FVG Filter : This refines the number of identified FVG areas based on a specified algorithm to focus on higher quality signals and reduce noise.
Types of FVG filters :
Very Aggressive Filter : Adds a condition where, for an upward FVG, the last candle's highest price must exceed the middle candle's highest price, and for a downward FVG, the last candle's lowest price must be lower than the middle candle's lowest price. This minimally filters out FVGs.
Aggressive Filter : Builds on the Very Aggressive mode by ensuring the middle candle is not too small, filtering out more FVGs.
Defensive Filter : Adds criteria regarding the size and structure of the middle candle, requiring it to have a substantial body and specific polarity conditions, filtering out a significant number of FVGs.
Very Defensive Filte r: Further refines filtering by ensuring the first and third candles are not small-bodied doji candles, retaining only the highest quality signals.
🟣 Alert Settings
Alert Inversion FVG Mitigation : Enables alerts for Inversion FVG mitigation.
Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'.
Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'.
Display More Info : Provides additional details in alert messages, including price range, date, hour, and minute. Set to 'Off' to exclude this information.
🔵 Conclusion
The ICT Balanced Price Range is a powerful and reliable tool for identifying key points on price charts. This strategy can be applied across various time frames and serves as a complementary tool alongside other indicators and technical analysis methods.
The most crucial aspect of utilizing this strategy effectively is correctly identifying FVGs and their overlapping areas, which comes with practice and experience.
Indicator
Order Block Overlapping Drawing [TradingFinder]🔵 Introduction
Technical analysis is a fundamental tool in financial markets, helping traders identify key areas on price charts to make informed trading decisions. The ICT (Inner Circle Trader) style, developed by Michael Huddleston, is one of the most advanced methods in this field.
It enables traders to precisely identify and exploit critical zones such as Order Blocks, Breaker Blocks, Fair Value Gaps (FVGs), and Inversion Fair Value Gaps (IFVGs).
To streamline and simplify the use of these key areas, a library has been developed in Pine Script, the scripting language for the PulseWire platform. This library allows you to automatically detect overlapping zones between Order Blocks and other similar areas, and visually display them on your chart.
This tool is particularly useful for creating indicators like Balanced Price Range (BPR) and ICT Unicorn Model.
🔵 How to Use
This section explains how to use the Pine Script library. This library assists you in easily identifying and analyzing overlapping areas between Order Blocks and other zones, such as Breaker Blocks and Fair Value Gaps.
To add "Order Block Overlapping Drawing", you must first add the following code to your script.
import TFlab/OrderBlockOverlappingDrawing/1
🟣 Inputs
The library includes the "OBOverlappingDrawing" function, which you can use to detect and display overlapping zones. This function identifies and draws overlapping zones based on the Order Block type, trigger conditions, previous and current prices, and other relevant parameters.
🟣 Parameters
OBOverlappingDrawing(OBType , TriggerConditionOrigin, distalPrice_Pre, proximalPrice_Pre , distalPrice_Curr, proximalPrice_Curr, Index_Curr , OBValidGlobal, OBValidDis, MitigationLvL, ShowAll, Show, ColorZone) =>
OBType (string)
TriggerConditionOrigin (bool)
distalPrice_Pre (float)
proximalPrice_Pre (float)
distalPrice_Curr (float)
proximalPrice_Curr (float)
Index_Curr (int)
OBValidGlobal (bool)
OBValidDis (int)
MitigationLvL (string)
ShowAll (bool)
Show (bool)
ColorZone (color)
In this example, various parameters are defined to detect overlapping zones and draw them on the chart. Based on these settings, the overlapping areas will be automatically drawn on the chart.
OBType : All order blocks are summarized into two types: "Supply" and "Demand." You should input your Current order block type in this parameter. Enter "Demand" for drawing demand zones and "Supply" for drawing supply zones.
TriggerConditionOrigin : Input the condition under which you want the Current order block to be drawn in this parameter.
distalPrice_Pre : Generally, if each zone is formed by two lines, the farthest line from the price is termed Pervious "Distal." This input receives the price of the "Distal" line.
proximalPrice_Pre : Generally, if each zone is formed by two lines, the nearest line to the price is termed Previous "Proximal" line.
distalPrice_Curr : Generally, if each zone is formed by two lines, the farthest line from the price is termed Current "Distal." This input receives the price of the "Distal" line.
proximalPrice_Curr : Generally, if each zone is formed by two lines, the nearest line to the price is termed Current "Proximal" line.
Index_Curr : This input receives the value of the "bar_index" at the beginning of the order block. You should store the "bar_index" value at the occurrence of the condition for the Current order block to be drawn and input it here.
OBValidGlobal : This parameter is a boolean in which you can enter the condition that you want to execute to stop drawing the block order. If you do not have a special condition, you should set it to True.
OBValidDis : Order blocks continue to be drawn until a new order block is drawn or the order block is "Mitigate." You can specify how many candles after their initiation order blocks should continue. If you want no limitation, enter the number 4998.
MitigationLvL : This parameter is a string. Its inputs are one of "Proximal", "Distal" or "50 % OB" modes, which you can enter according to your needs. The "50 % OB" line is the middle line between distal and proximal.
ShowAll : This is a boolean parameter, if it is "true" the entire order of blocks will be displayed, and if it is "false" only the last block order will be displayed.
Show : You may need to manage whether to display or hide order blocks. When this input is "On", order blocks are displayed, and when it's "Off", order blocks are not displayed.
ColorZone : You can input your preferred color for drawing order blocks.
🟣 Output
Mitigation Alerts : This library allows you to leverage Mitigation Alerts to detect specific conditions that could lead to trend reversals. These alerts help you react promptly in your trades, ensuring better management of market shifts.
🔵 Conclusion
The Pine Script library provided is a powerful tool for technical analysis, especially in the ICT style. It enables you to detect overlapping zones between Order Blocks and other significant areas like Breaker Blocks and Fair Value Gaps, improving your trading strategies. By utilizing this tool, you can perform more precise analysis and manage risks effectively in your trades.
Library
Simple FVGSimple FVG - Fair Value Gap Indicator
Overview:
The "Simple FVG" script is designed for use with PulseWire to identify and visually display Fair Value Gaps (FVG) on a trading chart. This indicator highlights both bullish and bearish imbalances based on specific candlestick patterns, helping traders to quickly identify potential trading opportunities.
Key Features:
Bullish and Bearish Imbalances:
Bullish Imbalances: This script identifies bullish imbalances where the price exhibits a gap upward. The conditions for detecting a bullish imbalance are:
The high of the second candle is greater than the high of the first candle.
The low of the third candle is greater than the high of the first candle.
Bearish Imbalances: This script identifies bearish imbalances where the price exhibits a gap downward. The conditions for detecting a bearish imbalance are:
The low of the second candle is less than the low of the first candle.
The high of the third candle is less than the low of the first candle.
Customizable Display:
Bullish Blocks: Users can toggle the display of bullish imbalance blocks with customizable colors and border settings.
Bearish Blocks: Users can toggle the display of bearish imbalance blocks with customizable colors and border settings.
Color and Border Settings: Adjust the color, border color, and border width of the blocks for both bullish and bearish imbalances according to user preferences.
Visual Representation:
Drawing Blocks: The script draws filled boxes on the chart to represent identified imbalances. These blocks span from the start of the first candlestick to the end of the third candlestick, providing a clear visual indicator of the price gap.
How It Works:
Identification Logic:
The script analyzes three consecutive candles to determine if an imbalance exists.
It compares the highs and lows of these candles to establish bullish or bearish conditions.
Drawing Mechanism:
Once an imbalance condition is met, the script calculates the top and bottom levels of the imbalance block based on the high of the first candle and the low of the third candle for bullish imbalances, and vice versa for bearish imbalances.
It then draws these blocks on the chart using the specified colors and border settings.
Usage Instructions:
Add the Indicator:
Apply the "Simple FVG" indicator to your PulseWire chart.
Customize Settings:
Use the input options to enable or disable the display of bullish and bearish blocks.
Adjust the colors and border settings for the imbalance blocks as needed.
Interpret Imbalances:
Look for the drawn blocks to identify potential areas where price imbalances have occurred.
Use this information to inform your trading decisions.
Originality and Value:
The "Simple FVG" script offers a unique approach to visualizing Fair Value Gaps by focusing on specific candlestick patterns. It provides traders with a tool to easily identify and analyze price imbalances, enhancing chart analysis and trading strategy development.
Chart Information:
Ensure to show the complete symbol, timeframe, and script name information on your chart for clarity and reference.
For further details and usage guidelines, refer to the PulseWire House Rules.
Note: This script adheres to PulseWire's guidelines for originality and usefulness, offering a practical tool for traders seeking to enhance their chart analysis.
This description adheres to PulseWire's requirements by providing a detailed explanation of the script's functionality, how it works, and how users can benefit from it. Indicator
Indicator
FVG Instantaneous Mitigation Signals [LuxAlgo]The FVG Instantaneous Mitigation Signals indicator detects and highlights "instantaneously" mitigated fair value gaps (FVG), that is FVGs that get mitigated one bar after their creation, returning signals upon mitigation.
Take profit/stop loss areas, as well as a trailing stop loss are also included to complement the signals.
🔶 USAGE
Instantaneous Fair Value Gap mitigation is a new concept introduced in this script and refers to the event of price mitigating a fair value gap one bar after its creation.
The resulting signal sentiment is opposite to the bias of the mitigated fair value gap. As such an instantaneously mitigated bearish FGV results in a bullish signal, while an instantaneously mitigated bullish FGV results in a bearish signal.
Fair value gap areas subject to instantaneous mitigation are highlighted alongside their average level, this level is extended until reached in a direction opposite to the FVG bias and can be used as a potential support/resistance level.
Users can filter out less volatile fair value gaps using the "FVG Width Filter" setting, with higher values highlighting more volatile fair value gaps subject to instantaneous mitigation.
🔹 TP/SL Areas
Users can enable take-profit/stop-loss areas. These are displayed upon a new signal formation, with an area starting from the mitigated FVG area average to this average plus/minus N ATRs, where N is determined by their respective multiplier settings.
Using a higher multiplier will return more distant areas from the price, requiring longer-term variations to be reached.
🔹 Trailing Stop Loss
A trailing-stop loss is included, increasing when the price makes a new higher high or lower low since the trailing has been set. Using a higher trailing stop multiplier will allow its initial position to be further away from the price, reducing its chances of being hit.
The trailing stop can be reset on "Every Signal", whether they are bullish or bearish, or only on an "Inverse Signal", which will reset the trailing when a signal of opposite bias is detected, this will preserve an existing trailing stop when a new signal of the same bias to the present one is detected.
🔶 DETAILS
Fair Value Gaps are ubiquitous to price action traders. These patterns arise when there exists a disparity between supply and demand. The action of price coming back and filling these imbalance areas is referred to as "mitigation" or "rebalancing".
"Instantaneous mitigation" refers to the event of price quickly mitigating a prior fair value gap, which in the case of this script is one bar after their creation. These events are indicative of a market more attentive to imbalances, and more willing to correct disparities in supply and demand.
If the market is particularly sensitive to imbalances correction then these can be excessively corrected, leading to further imbalances, highlighting a potential feedback process.
🔶 SETTINGS
FVG Width Filter: Filter out FVGs with thinner areas from returning a potential signal.
🔹 TP/SL
TP Area: Enable take-profit areas for new signals.
Multiplier: Control the distance from the take profit and the price, with higher values returning more distant TP's.
SL Area: Enable stop-loss areas for new signals.
Multiplier: Control the distance from the stop loss and the price, with higher values returning more distant SL's.
🔹 Trailing Stop
Reset Trailing Stop: Determines when the trailing stop is reset.
Multiplier: Controls the initial position of the trailing stop, with higher values returning more distant trailing stops.
Indicator
Fair Value Gap (FVG) Oscillator [UAlgo]The "Fair Value Gap (FVG) Oscillator " is designed to identify and visualize Fair Value Gaps (FVG) within a given lookback period on a trading chart. This indicator helps traders by highlighting areas where price gaps may signify potential trading opportunities, specifically bullish and bearish patterns. By leveraging volume and Average True Range (ATR) data, the FVG Oscillator aims to enhance the accuracy of pattern recognition and provide more reliable signals for trading decisions.
🔶 Identification of Fair Value Gap (FVG)
Fair Value Gaps (FVG) are specific price areas where gaps occur, and they are often considered significant in technical analysis. These gaps can indicate potential future price movements as the market may return to fill these gaps. This indicator identifies two types of FVGs:
Bullish FVG: Occurs when the current low price is higher than the high price two periods ago. This condition suggests a potential upward price movement.
Obtains with:
low > high
Bearish FVG: Occurs when the current high price is lower than the low price two periods ago. This condition suggests a potential downward price movement.
Obtains with:
high < low
The FVG Oscillator not only identifies these gaps but also verifies them using volume and ATR conditions to ensure more reliable trading signals.
🔶 Key Features
Lookback Period: Users can set the lookback period to determine how far back the indicator should search for FVG patterns.
ATR Multiplier: The ATR Multiplier is used to adjust the sensitivity of the ATR-based conditions for verifying FVG patterns.
Volume SMA Period: This setting determines the period for the Simple Moving Average (SMA) of the volume, which helps in identifying high volume conditions.
Why ATR and Volume are Used?
ATR (Average True Range) and volume are integrated into the Fair Value Gap (FVG) Oscillator to enhance the accuracy and reliability of the identified patterns. ATR measures market volatility, helping to filter out insignificant price gaps and focus on impactful ones, ensuring that the signals are relevant and strong. Volume, on the other hand, confirms the strength of price movements. High volume often indicates the sustainability of these movements, reducing the likelihood of false signals. Together, ATR and volume ensure that the detected FVGs are both significant and supported by market activity, providing more trustworthy trading signals.
Normalized Values: The FVG counts are normalized to enhance the visual representation and interpretation of the patterns on the chart.
Visual Customization and Plotting: Users can customize the colors for positive (bullish) and negative (bearish) areas, and choose whether to display these areas on the chart, also plots the bullish and bearish FVG counts, a zero line, and the net value of FVG counts. Additionally, it uses histograms to display the width of verified bullish and bearish patterns.
🔶 Disclaimer:
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results. Indicator
Inversion Fair Value Gaps [TradingFinder] IFVG ICT Signal| Alert🔵 Introduction
🟣 Inversion Fair Value Gap (IFVG)
An ICT Inversion Fair Value Gap, or reverse FVG, occurs when a fair value gap fails to hold its price, resulting in the price moving beyond and breaking the gap. This situation marks the initial change in price momentum.
Generally, prices respect fair value gaps and continue in their trend direction. However, when a fair value gap is breached, it transforms into an inversion fair value gap, signaling a potential short-term reversal or a subsequent change in direction.
🔵 How to Use
🟣 Identifying an Inversion Fair Value Gap
To spot an IFVG, you must first identify a fair value gap.
Inversion fair value gaps can be categorized into two types :
🟣 Bullish Inversion Fair Value Gap
A bullish IFVG occurs when a bearish fair value gap is invalidated by the price closing above it.
Steps to identify it :
Identify a bearish fair value gap.
When the price closes above this gap, it becomes a bullish inversion fair value gap.
This gap acts as a support level, pushing the price upwards and indicating a shift in momentum from sellers to buyers.
🟣 Bearish Inversion Fair Value Gap
A bearish IFVG happens when a bullish fair value gap fails, with the price closing below it.
Steps to identify it :
Identify a bullish fair value gap.
When the price closes below this gap, it becomes a bearish inversion fair value gap.
This gap acts as a resistance level, pushing the price downwards and indicating a shift in momentum from buyers to sellers.
🔵 Settings
🟣 Global Settings
Show All Inversion FVG: If disabled, only the most recent FVG will be displayed.
IFVG Validity Period (Bar): Determines the maximum duration (in number of candles) that the FVG and IFVG remain valid.Switching Colors Theme Mode: Includes three modes: "Off", "Light", and "Dark". "Light" mode adjusts colors for light mode use, "Dark" mode adjusts colors for dark mode use, and "Off" disables color adjustments.
🟣 Logic Settings
FVG Filter : This refines the number of identified FVG areas based on a specified algorithm to focus on higher quality signals and reduce noise.
Types of FVG filters :
Very Aggressive Filter : Adds a condition where, for an upward FVG, the last candle's highest price must exceed the middle candle's highest price, and for a downward FVG, the last candle's lowest price must be lower than the middle candle's lowest price. This minimally filters out FVGs.
Aggressive Filte r: Builds on the Very Aggressive mode by ensuring the middle candle is not too small, filtering out more FVGs.
Defensive Filter : Adds criteria regarding the size and structure of the middle candle, requiring it to have a substantial body and specific polarity conditions, filtering out a significant number of FVGs.
Very Defensive Filter : Further refines filtering by ensuring the first and third candles are not small-bodied doji candles, retaining only the highest quality signals.
Mitigation Level FVG and IFVG : Options include "Proximal", "Distal", or "50 % OB" modes, which you can choose based on your needs. The "50 % OB" line is the midpoint between distal and proximal.
🟣 Display Settings
Show Bullish IFVG : Toggles the display of demand-related boxes.
Show Bearish IFVG : Toggles the display of supply-related boxes.
🟣 Alert Settings
Alert Inversion FVG Mitigation : Enables alerts for Inversion FVG mitigation.
Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'.
Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'.
Display More Info : Provides additional details in alert messages, including price range, date, hour, and minute. Set to 'Off' to exclude this information.
Indicator
FVG & IFVG ICT [TradingFinder] Inversion Fair Value Gap Signal🔵 Introduction
🟣 Fair Value Gap (FVG)
To spot a Fair Value Gap (FVG) on a chart, you need to perform a detailed candle-by-candle analysis.
Here’s the process :
Focus on Candles with Large Bodies : Identify a candle with a substantial body and examine it alongside the preceding candle.
Check Surrounding Candles : The candles immediately before and after the central candle should have long shadows.
Ensure No Overlap : The bodies of the candles before and after the central candle should not overlap with the body of the central candle.
Determine the FVG Range : The gap between the shadows of the first and third candles forms the FVG range.
🟣 ICT Inversion Fair Value Gap (IFVG)
An ICT Inversion Fair Value Gap, also known as a reverse FVG, is a failed fair value gap where the price does not respect the gap. An IFVG forms when a fair value gap fails to hold the price and the price moves beyond it, breaking the fair value gap.
This marks the initial shift in price momentum. Typically, when the price moves in one direction, it respects the fair value gaps and continues its trend.
However, if a fair value gap is violated, it acts as an inversion fair value gap, indicating the first change in price momentum, potentially leading to a short-term reversal or a subsequent change in direction.
🟣 Bullish Inversion Fair Value Gap (Bullish IFVG)
🟣 Bearish Inversion Fair Value Gap (Bearish IFVG)
🔵 How to Use
🟣 Identify an Inversion Fair Value Gap
To identify an IFVG, you first need to recognize a fair value gap. Just as fair value gaps come in two types, inversion fair value gaps also fall into two categories:
🟣 Bullish Inversion Fair Value Gap
A bullish IFVG is essentially a bearish fair value gap that is invalidated by the price closing above it.
Here’s how to identify it :
Identify a bearish fair value gap.
When the price closes above this bearish fair value gap, it transforms into a bullish inversion fair value gap.
This gap acts as support for the price and drives it upwards, indicating a reduction in sellers' strength and an initial shift in momentum towards buyers.
🟣 Bearish Inversion Fair Value Gap
A bearish IFVG is primarily a bullish fair value gap that fails to hold the price, with the price closing below it.
Here’s how to identify it :
Identify a bullish fair value gap.
When the price closes below this gap, it becomes a bearish inversion fair value gap.
This gap acts as resistance for the price, pushing it downwards. A bearish inversion fair value gap signifies a decrease in buyers' momentum and an increase in sellers' strength.
🔵 Setting
🟣 Global Setting
Show All FVG : If it is turned off, only the last FVG will be displayed.
S how All Inversion FVG : If it is turned off, only the last FVG will be displayed.
FVG and IFVG Validity Period (Bar) : You can specify the maximum time the FVG and the IFVG remains valid based on the number of candles from the origin.
Switching Colors Theme Mode : Three modes "Off", "Light" and "Dark" are included in this parameter. "Light" mode is for color adjustment for use in "Light Mode".
"Dark" mode is for color adjustment for use in "Dark Mode" and "Off" mode turns off the color adjustment function and the input color to the function is the same as the output color.
🟣 Logic Setting
FVG Filter
When utilizing FVG filtering, the number of identified FVG areas undergoes refinement based on a specified algorithm. This process helps to focus on higher quality signals and eliminate noise.
Here are the types of FVG filters available :
Very Aggressive Filter : Introduces an additional condition to the initial criteria. For an upward FVG, the highest price of the last candle must exceed the highest price of the middle candle. Similarly, for a downward FVG, the lowest price of the last candle should be lower than the lowest price of the middle candle. This mode minimally filters out FVGs.
Aggressive Filter : Builds upon the Very Aggressive mode by considering the size of the middle candle. It ensures the middle candle is not too small, thereby eliminating more FVGs compared to the Very Aggressive mode.
Defensive Filter : In addition to the conditions of the Very Aggressive mode, the Defensive mode incorporates criteria regarding the size and structure of the middle candle. It requires the middle candle to have a substantial body, with specific polarity conditions for the second and third candles relative to the first candle's direction. This mode filters out a significant number of FVGs, focusing on higher-quality signals.
Very Defensive Filter : Further refines filtering by adding conditions that the first and third candles should not be small-bodied doji candles. This stringent mode eliminates the majority of FVGs, retaining only the highest quality signals.
Mitigation Level FVG and IFVG : Its inputs are one of "Proximal", "Distal" or "50 % OB" modes, which you can enter according to your needs. The "50 % OB" line is the middle line between distal and proximal.
🟣 Display Setting
Show Bullish FVG : Enables the display of demand-related boxes, which can be toggled on or off.
Show Bearish FVG : Enables the display of supply-related boxes along the path, which can also be toggled on or off.
Show Bullish IFVG : Enables the display of demand-related boxes, which can be toggled on or off.
Show Bearish IFVG : Enables the display of supply-related boxes along the path, which can also be toggled on or off.
🟣 Alert Setting
Alert FVG Mitigation : If you want to receive the alert about FVG's mitigation after setting the alerts, leave this tick on. Otherwise, turn it off.
Alert Inversion FVG Mitigation : If you want to receive the alert about Inversion FVG's mitigation after setting the alerts, leave this tick on. Otherwise, turn it off.
Message Frequency : This parameter, represented as a string, determines the frequency of announcements. Options include: 'All' (triggers the alert every time the function is called), 'Once Per Bar' (triggers the alert only on the first call within the bar), and 'Once Per Bar Close' (activates the alert only during the final script execution of the real-time bar upon closure). The default setting is 'Once per Bar'.
Show Alert time by Time Zone : The date, hour, and minute displayed in alert messages can be configured to reflect any chosen time zone. For instance, if you prefer London time, you should input 'UTC+1'. By default, this input is configured to the 'UTC' time zone.
Display More Info : The 'Display More Info' option provides details regarding the price range of the order blocks (Zone Price), along with the date, hour, and minute. If you prefer not to include this information in the alert message, you should set it to 'Off'.
Indicator
Double FVG-BPR [QuantVue]The Double FVG BPR Indicator is a versatile tool that helps traders identify potential support and resistance levels through the concept of balanced price ranges.
A Balanced Price Range (BPR) is a zone on a price chart where the market has found equilibrium after a period of price imbalance.
It is identified by detecting a Fair Value Gap (FVG) in one direction, followed by an overlapping Fair Value Gap in the opposite direction.
Components of a Balanced Price Range
Fair Value Gap (FVG): A FVG occurs when there is a rapid price movement, creating a gap in the price chart where minimal trading occurs. This gap represents an imbalance between supply and demand.
Bullish FVG: A bullish FVG is identified when the low of a candle is higher than the high of a candle two periods ago, and the close of the previous candle is higher than the high of that same period.
Bearish FVG: A bearish FVG is identified when the high of a candle is lower than the low of a candle two periods ago, and the close of the previous candle is lower than the low of that same period.
Overlapping Fair Value Gap: For a BPR to be formed, an initial FVG must be followed by an overlapping FVG in the opposite direction. This creates a balanced zone where the price has moved up (or down) quickly and then moved down (or up) with similar intensity, suggesting a temporary equilibrium.
The area between the high and low points of these overlapping FVGs forms the BPR. This zone represents a temporary market equilibrium where supply and demand have balanced out after a period of significant price movement in both directions.
How to Use
Support and Resistance Levels: The upper and lower boundaries of the BPR act as dynamic support and resistance levels. Traders can use these levels to place buy and sell orders, anticipating that the price may find support or face resistance within these zones.
Trend Reversal and Continuation: The BPR can signal potential trend reversals or continuations.
If the price moves back into the BPR after a breakout, it may indicate a reversal. Conversely, if the price breaks out of the BPR with strong momentum, it may signal a trend continuation.
Indicator
Indicator
Fair Value Gaps Setup 01 [TradingFinder] FVG Absorption + CHoCH🔵 Introduction
🟣 Market Structures
Market structures exhibit a fractal and nested nature, which leads us to classify them into internal (minor) and external (major) categories. Definitions of market structure vary, with different methodologies such as Smart Money and ICT offering distinct interpretations.
To identify market structure, the initial step involves examining key highs and lows. An uptrend is characterized by successive highs and lows that are higher than their predecessors. Conversely, a downtrend is marked by successive lows and highs that are lower than their previous counterparts.
🟣 Market Trends and Movements
Market trends consist of two primary types of movements :
Impulsive Movements : These movements align with the main trend and are characterized by high strength and momentum.
Corrective Movements : These movements counter the main trend and are marked by lower strength and momentum.
🟣 Break of Structure (BOS)
In a downtrend, a Break of Structure (BOS) occurs when the price falls below the previous low and establishes a new low (LL). In an uptrend, a BOS, also known as a Market Structure Break (MSB), happens when the price rises above the last high.
To confirm a trend, at least one BOS is necessary, which requires the price to close at least one candle beyond the previous high or low.
🟣 Change of Character (CHOCH)
Change of Character (CHOCH) is a crucial concept in market structure analysis, indicating a shift in trend. A trend concludes with a CHOCH, also referred to as a Market Structure Shift (MSS).
For example, in a downtrend, the price continues to drop with BOS, showcasing the trend's strength. However, when the price rises and exceeds the last high, a CHOCH occurs, signaling a potential transition from a downtrend to an uptrend.
It is essential to note that a CHOCH does not immediately indicate a buy trade. Instead, it is prudent to wait for a BOS in the upward direction to confirm the uptrend. Unlike BOS, a CHOCH confirmation does not require a candle to close; merely breaking the previous high or low with the candle's wick is sufficient.
🟣 Spike | Inefficiency | Imbalance
All these terms mean fast price movement in the shortest possible time.
🟣 Fair Value Gap (FVG)
To pinpoint the "Fair Value Gap" (FVG) on a chart, a detailed candle-by-candle analysis is necessary. This process involves focusing on candles with substantial bodies and evaluating them in relation to the candles immediately before and after them.
Here are the steps :
Identify the Central Candle : Look for a candle with a large body.
Examine Adjacent Candles : The candles before and after this central candle should have long shadows, and their bodies must not overlap with the body of the central candle.
Determine the FVG Range : The distance between the shadows of the first and third candles defines the FVG range.
This method helps in accurately identifying the Fair Value Gap, which is crucial for understanding market inefficiencies and potential price movements.
🟣 Setup
This setup is based on Market Structure and FVG. After a change of character and the formation of FVG in the last lag of the price movement, we are looking for trading positions in the price pullback.
Bullish Setup :
Bearish Setup :
🔵 How to Use
After forming the setup, you can enter the trade using a pending order or after receiving confirmation. To increase the probability of success, you can adjust the pivot period market structure settings or modify the market movement coefficient in the formation leg of the FVG.
Bullish Setup :
Bearish Setup :
🔵 Setting
Pivot Period of Market Structure Detector :
This parameter allows you to configure the zigzag period based on pivots. Adjusting this helps in accurately detecting order blocks.
Show major Bullish ChoCh Lines :
You can toggle the visibility of the Demand Main Zone and "ChoCh" Origin, and customize their color as needed.
Show major Bearish ChoCh Lines :
Similar to the Demand Main Zone, you can control the visibility and color of the Supply Main Zone and "ChoCh" Origin.
FVG Detector Multiplier Factor :
This feature lets you adjust the size of the moves forming the Fair Value Gaps (FVGs) using the Average True Range (ATR). The default value is 1, suitable for identifying most setups. Adjust this value based on the specific symbol and market for optimal results.
FVG Validity Period :
This parameter defines the validity period of an FVG in terms of the number of candles. By default, an FVG remains valid for up to 15 candles, but you can adjust this period as needed.
Mitigation Level FVG :
This setting establishes the basic level of an FVG. When the price reaches this level, the FVG is considered mitigated.
Level in Low-Risk Zone :
This feature aims to reduce risk by dividing the FVG into two equal areas: "Premium" (upper area) and "Discount" (lower area). For lower risk, ensure that "Demand FVG" is in the "Discount" area and "Supply FVG" in the "Premium" area. This feature is off by default.
Show or Hide :
Given the potential abundance of setups, displaying all on the chart can be overwhelming. By default, only the last setup is shown, but you can enable the option to view all setups.
Alert Settings :
On / Off : Toggle alerts on or off.
Message Frequency : Determine how often alerts are triggered.
Options include :
"All" (alerts every time the function is called)
"Once Per Bar" (alerts only on the first call within the bar)
"Once Per Bar Close" (alerts only at the last script execution of the real-time bar upon closing)
The default setting is "Once Per Bar".
Show Alert Time by Time Zone : Set the alert time based on your preferred time zone, such as "UTC-4" for New York time. The default is "UTC".
Display More Info : Optionally show additional details like the price range of the order blocks and the date, hour, and minute in the alert message. Set this to "Off" if you prefer not to receive this information.
Indicator
FVG Positioning Average [LuxAlgo]The FVG Positioning Average indicator aims to uncover potential price levels of interest by averaging together recent Fair Value Gap (FVG) initiation levels.
This indicator is grounded in the theory that significant buying or selling activity is the primary catalyst for creating FVGs.
By averaging together the prices where each FVG initiated, we may potentially reveal where major participants are positioned.
🔶 USAGE
By analyzing the average price of bullish or bearish FVGs, users can identify potential support or resistance areas where the larger participants may re-enter or defend their positions.
These areas could be used to adjust entries and exits or assist with risk management such as take-profit or stop-loss levels.
The indicator displays 2 lines, the Bull Average and the Bear Average.
The Bull Average is only displayed when the price holds above the bull Average.
The Bear Average is only displayed when the price holds below the bear average.
When only one average is displayed alone, this level is seen as support or resistance, it is anticipated that this level would be defended for the current trend to stay valid.
When both averages are displayed simultaneously, it can be interpreted as one side attempting to take over the trend.
The movements and reactions during these attempts can be analyzed to provide helpful information about where the price might be headed.
Possible outcomes:
Trend Confirmation/Re-Entry (From Weak Attempts)
Trend Reversal (Creating Support or Resistance)
Consolidation (Oscillating between/around Bull & Bear Averages)
🔶 DETAILS
🔹 Lookback Types
This indicator includes 2 lookback types:
Bar Count: Uses Bars to determine what data to include. This type can be utilized for averages that are more locally relevant to the current chart data.
FVG Count: Uses a specific # of FVGs for calculations. This type can be utilized for a continuous & consistent view, typically relevant with longer term analysis.
Note: When using bar lookback, if no data is in range, no lines will be displayed.
Below is an example of the 'FVG Count' Display.
🔹 Initiation Levels
Initiation Levels are the specific price points where each FVG starts, these are the last points the price was traded at before creating the gap.
Bull Initiation Level: Lowest Point (Bottom) of FVG
Bear Initiation Level: Highest Point (Top) of FVG
🔹 FVG Display
Each FVG being used for the current calculation of averages is displayed on the chart for reference.
Note: If you prefer to not display the FVGs, they can be toggled off in the settings, uncheck "Show FVGs on Chart".
🔶 Settings
FVG Lookback: As mentioned above in the 'Lookback Types', this sets the number of FVGs or Bars to use for consideration.
Lookback Type: As also mentioned above in 'Lookback Types', this determines the method of lookback to be used.
ATR Multiplier: The FVGs are required to have a Greater Width than (ATR * Multiplier) in order to be used for calculations. This allows you to focus on the data being considered if needed.
Indicator
ICT Silver Bullet | Flux Charts💎 GENERAL OVERVIEW
Introducing our new ICT Silver Bullet Indicator! This indicator is built around the ICT's "Silver Bullet" strategy. The strategy has 5 steps for execution and works best in 1-5 min timeframes. For more information about the process, check the "HOW DOES IT WORK" section.
Features of the new ICT Silver Bullet Indicator :
Implementation of ICT's Silver Bullet Strategy
Customizable Execution Settings
2 NY Sessions & London Session
Customizable Backtesting Dashboard
Alerts for Buy, Sell, TP & SL Signals
📌 HOW DOES IT WORK ?
ICT's Silver Bullet strategy has 5 steps :
1. Mark your market sessions open (This indicator has 3 -> NY 10-11, NY 14-15, LDN 03-04)
2. Mark the swing liquidity points
3. Wait for market to take down one liquidity side
4. Look for a market structure-shift for reversals
5. Wait for a FVG for execution
This indicator follows these steps and inform you step by step by plotting them in your chart. You can switch execution types between FVG and MSS.
🚩UNIQUENESS
This indicator is an all-in-one suit for the ICT's Silver Bullet concept. It's capable of plotting the strategy, giving signals, a backtesting dashboard and alerts feature. It's designed for simplyfing a rather complex strategy, helping you to execute it with clean signals. The backtesting dashboard allows you to see how your settings perform in the current ticker. You can also set up alerts to get informed when the strategy is executable for different tickers.
⚙️SETTINGS
1. General Configuration
Execution Type -> FVG execution type will require a FVG to take an entry, while the MSS setting will take an entry as soon as it detects a market structure-shift.
MSS Swing Length -> The swing length when finding liquidity zones for market structure-shift detection.
Breakout Method -> If "Wick" is selected, a bar wick will be enough to confirm a market structure-shift. If "Close" is selected, the bar must close above / below the liquidity zone to confirm a market structure-shift.
FVG Detection -> "Same Type" means that all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). "All" means that bar types may vary between bullish / bearish.
FVG Detection Sensitivity -> You can turn this setting on and off. If it's off, any 3 consecutive bullish / bearish bars will be calculated as FVGs. If it's on, the size of FVGs will be filtered by the selected sensitivity. Lower settings mean less but larger FVGs.
2. TP / SL
TP / SL Method -> If "Fixed" is selected, you can adjust the TP / SL ratios from the settings below. If "Dynamic" is selected, the TP / SL zones will be auto-determined by the algorithm.
Risk -> The risk you're willing to take if "Dynamic" TP / SL Method is selected. Higher risk usually means a better winrate at the cost of losing more if the strategy fails.
Close Position @ Session End -> If this setting is enabled, the current position (if any) will be closed at the beginning of a new session, regardless if it hit the TP / SL zone. If it's off, the position will be open until it hits a TP / SL zone. Indicator
Volumetric Fair Value Gaps [AlgoAlpha]🎯 Introducing the Volumetric Fair Value Gaps by AlgoAlpha 🎯
Embrace the power of volume and price action with the Volumetric Fair Value Gaps (VFVG) indicator, designed meticulously by AlgoAlpha. This innovative tool enhances your charting capabilities by highlighting fair value gaps in real-time, facilitating superior market entry and exit decisions. 🚀📈
🔍 Key Features:
🔹 Fair Value Gap Detection: Utilizes price action and volume to identify significant fair value gaps, offering potential high-probability trading opportunities.
🔹 Adjustability: Customize the sensitivity with 'FVG Noise Reduction Length' and 'Noise Reduction Factor' to match the volatility and characteristics of the asset being traded.
🔹 Visual Appeal: Displays bullish gaps in a soothing Bullish Color and bearish gaps in a striking Bearish Color, making it easy to spot and analyze trends on the fly.
🔹 Overlay Feature: Plots directly on the price chart for seamless integration and analysis.
🌟 Quick Guide to Using the Volumetric Fair Value Gaps Indicator:
🛠 Add the Indicator: Add the indicator to favourites and set it up with your desired settings.
📊 Market Analysis: Watch for the appearance of colored boxes (blue for bearish, gray for bullish) which represent the fair value gaps. These are high-probability areas for reversals or continuations. FVGs with higher volume are implied to induce a stronger reaction on price.
🔔 Alerts: Set up alerts to notify you when new gaps are detected, ensuring you never miss out on potential trades!
🛠 How It Works:
The Volumetric Fair Value Gaps (VFVG) indicator identifies significant price gaps that are not just based on price action but are also substantiated by volume, which are often overlooked in typical analyses. It operates by comparing the current candle’s price range against historical averages and is calculated over a user-defined period, displayed with volume for further insights. For a gap to be recognized as significant (either bullish or bearish), it must exceed a certain size relative to these averages, which can be adjusted for sensitivity using the provided settings. Bullish gaps are identified when the current low is higher than the second previous high after surpassing the threshold, and bearish gaps are marked when the current high is below the second previous low, similarly surpassing the threshold. This dual-confirmation (volume and price deviation) approach minimizes false signals and enhances the reliability of identified gaps.
Maximize your trading strategy with the VFVG Indicator by AlgoAlpha and turn those gaps into opportunities! 🌈✨
Indicator
Fair Value Gaps (FVG) [UAlgo]A fair value gap is especially popular among price action traders and occurs when there are inefficiencies or imbalances in the market, or when the buying and selling are not equal. Fair value gaps can become a magnet for the price before continuing in the same direction.
🔶 Key Features :
Fair Value Gap Identification:
Bullish fair value gaps occur when the current market price exceeds the previous high. The indicator identifies bullish gaps by comparing the low of the current candle with the high of the candle two candles ago . If the low of the current candle is higher than the high two candles ago and the closing price of the previous candle is also higher than the high two candles ago, a bullish fair value gap is detected.
Bearish fair value gaps occur when the current market price falls below the previous low. The indicator identifies bearish gaps by comparing the high of the current candle with the low of the candle two candles ago. If the high of the current candle is lower than the low two periods ago and the closing price of the previous candle is also lower than the low two candles ago, a bearish fair value gap is detected.
Fair Value Gap Filter :
ATR measures market volatility by analyzing the range of price movements over a specified period. It provides insights into the average price range that a security experiences within a given timeframe. After the ATR is calculated, a Simple Moving Average (SMA) is computed for the ATR values. This moving average smoothens out the ATR data, providing a clearer indication of the average volatility levels over time.
When the filter is active, fair value gaps are identified only if they occur during periods of relatively higher volatility, as indicated by the ATR being greater than the SMA. This helps in refining and obtaining the detection of stronger fair value gaps
An example with FVG filtering off:
An example with FVG filtering on:
Customizable Settings: Users have the flexibility to customize various parameters to suit their trading preferences. They can adjust settings such as the number of fair value gaps displayed, mitigation method (either based on closing prices or wicks), and apply filters based on Average True Range (ATR) to refine gap detection.
🔶 Disclaimer :
Use with Caution: Trading involves significant risk, and this indicator should be used with caution. While it can help identify potential trading opportunities, it does not guarantee profits and may sometimes provide false signals.
Not Financial Advice: The information provided by the Fair Value Gaps indicator is for educational and informational purposes only and should not be considered as financial advice. Traders should conduct their own research and consult with financial professionals before making any trading decisions.
Past Performance: Past performance is not indicative of future results. Historical price movements analyzed by the indicator may not accurately predict future market behavior. Indicator
Indicator
Fair Value Gaps Mitigation Oscillator [LuxAlgo]The Fair Value Gaps Mitigation Oscillator is an oscillator based on the traditional Fair Value Gaps (FVGs) imbalances. The oscillator displays the current total un-mitigated values for the number of FVGs chosen by the user.
The indicator also displays each New FVG as a bar representing the current ratio of the New FVG in relation to the current un-mitigated total for its direction.
🔶 USAGE
When an FVG forms, it is often interpreted as strong market sentiment in the direction of the gap. For example, an upward FVG during an uptrend is typically seen as a confirmation of the strength and continuation of the trend, as it indicates that buyers are willing to purchase at higher prices without much resistance, suggesting strong demand and positive sentiment.
By analyzing the mitigation (or lack thereof), we can visualize the increase of directional strength in a trend. This is where the proposed oscillator is useful.
🔶 DETAILS
The oscillator's values are expressed as Percentages (%). Each FVG is allocated 100% of the total of its width with a max potential value of 100 and minimum potential value of 0.
Based on the "FVG Lookback" Input, the FVGs are scaled to fit within the range of +1 to -1. Using a higher "FVG Lookback" value will allow you to get indications of longer-term trends.
A higher value of the normalized bullish FVG areas suggest a stronger and cleaner uptrend, while lower values of the bearish the normalized bullish FVG areas suggest a stronger and cleaner downtrend.
+1 or -1 indicates that there is a Full Lookback of FVGs, and each one is fully un-mitigated, and the opposite direction of FVGs is entirely Mitigated.
When the price closes over/under or within an FVG it begins to get mitigated, when this happens the % of mitigation is subtracted from the total.
When a New FVG is formed, a Histogram bar is created representing the ratio of the current FVG's width to the total width off all un-mitigated FVGs.
The entire bar represents 100% of total un-mitigated FVG Width.
The filled area represents the current FVG's width relative to the whole.
A 50% hash mark is also displayed for reference.
🔶 SETTINGS
FVG Lookback - Determines the number of FVGs (Bullish and Bearish Pairs) to keep in memory for analysis.
Indicator
Fair Value Gap Screener | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Fair Value Gap Screener! This screener can provide information about the latest Fair Value Gaps in up to 5 tickers. You can also customize the algorithm that finds the Fair Value Gaps and the styling of the screener.
Features of the new Fair Value Gap (FVG) Screener :
Find Latest Fair Value Gaps Accross 5 Tickers
Shows Their Information Of :
Latest Status
Number Of Retests
Consumption Percent
Bullish & Bearish Volume
Customizable Algoritm / Styling
📌 HOW DOES IT WORK ?
A Fair Value Gap generally occur when there is an imbalance in the market. They can be detected by specific formations within the chart. This screener then finds Fair Value Gaps accross 5 different tickers, and shows the latest information about them.
Status ->
Far -> The current price is far away from the FVG.
Approaching ⬆️/⬇️ -> The current price is approaching the FVG, and the direction it's approaching from.
Inside -> The price is currently inside the FVG.
Retests -> Retest means the price tried to invalidate the FVG, but failed to do so. Here you can see how many times the price retested the FVG.
Consumed -> FVGs get consumed when a Close / Wick enters the FVG zone. For example, if the price hits the middle of the FVG zone, the zone is considered 50% consumed.
Bullish / Bearish Volume -> Bullish & Bearish volume of a FVG is calculated by analyzing the bars that formed it. For example in a bullish FVG, the bullish volume is the total volume of the first 2 bars forming the FVG, and the bearish volume is the volume of the 3rd bar that forms it.
🚩UNIQUENESS
This screener can detect latest Fair Value Gaps and give information about them for up to 5 tickers. This saves the user time by showing them all in a dashboard at the same time. The screener also uniquely shows information about the number of retests and the consumed percent of the FVG, as well as it's bullish & bearish volume. We believe that this extra information will help you spot reliable FVGs easier.
⚙️SETTINGS
1. Tickers
You can set up to 5 tickers for the screener to scan Fair Value Gaps here. You can also enable / disable them and set their individual timeframes.
2. General Configuration
Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs. Indicator
ICT Killzones Toolkit [LuxAlgo]The ICT Killzones Toolkit is a comprehensive set of tools designed to assist traders in identifying key trading zones and patterns within the market.
The ICT Killzones Toolkit includes the following Price Action components:
ICT Killzones with Pivot Highs/Lows
Order Blocks
Breaker Blocks
Fair Value Gaps
Market Structure Shifts
By combining these components, the ICT Killzones Toolkit provides traders with a comprehensive framework for analyzing the market and identifying setups of interest. Leveraging these tools effectively can enhance traders' decision-making process and improve killzones interpretability.
🔶 USAGE
In forex/futures trading, timing is crucial. ICT Killzone are specific periods when there's a higher chance of finding setups of interest. Mastering these time intervals can offer significant advantages to traders who know how to use them effectively.
The image above highlights a potential setup of interest when using the ICT Killzones Toolkit.
As another example for utilizing the ICT Killzones Toolkit, we can see in the image above when price retests setups generated from killzones such as Order Blocks or Fair Value Gaps, a potential strategy could be to look for entries on those & take profits as the next killzone appears.
🔹 Order Blocks
Order Blocks are sections on a price chart where notable buying or selling activity has occured, often signaling interest zones for institutional traders. This toolkit's Order Blocks component pinpoints these areas within the Killzone, which may act as potential support or resistance levels.
🔹 Breaker Blocks
Breaker Blocks are zones built from mitigated order blocks, and highlight zones on the chart where price has previously stalled or reversed. These areas may act as significant barriers to price movement in the future, and the Breaker Blocks component helps traders identify them for potential trading opportunities.
🔹 Fair Value Gaps
Fair value gaps are especially favored by price action traders and arise from market inefficiencies or imbalances, typically when buying and selling are unequal. These gaps often attract price movement before resuming in the same direction. the Fair Value Gaps component of the toolkit helps traders identify and analyze them.
🔹 Market Structure Shifts
Market Structure Shifts refer to significant changes in the overall structure of the market, such as shifts in trend direction, volatility, or trading activity. These shifts can provide valuable insights into market sentiment and potential trading opportunities, and the Market Structure Shifts component helps traders identify and interpret them.
Overall, the ICT Killzone Toolkit combines these components to provide traders with a comprehensive framework for analyzing the markets and identifying high-probability trading setups.
🔶 SETTINGS
🔹 ICT Killzones
Asian, London Open, New York, and London Close: toggles the visibility of specific Killzones, allowing users to customize time periods and Killzone colors.
Killzone Lines : Top/Bottom, Mean and Extend Top/Bottom: toggles the visibility of the Killzone's pivot high and low lines, mean (average) line, and allows users to extend the pivot lines.
Killzone Labels: Toggles the visibility of the Killzone labels.
Display Killzones within Timeframes Up To: Toggles the visibility of the Killzones up to selected Timeframes.
Open Price, Separator, Label, and Color: toggles the visibility of the open price of the Killzones or for the day, week, or month. If the day, week, or month is selected, a separator will be displayed to highlight the beginning of each respective period. Additionally, users can customize the color and toggle the label as needed.
🔹 Order Blocks & Breaker Blocks
Order Blocks | Breaker Blocks: toggles the visibility of the order blocks & breaker blocks.
Swing Detection Length: lookback period used for the detection of the swing points used to create order blocks & breaker blocks.
Mitigation Price: allows users to select between closing price or wick of the candle.
Use Candle Body in Detection: allows users to use candle bodies as order block areas instead of the full candle range.
Remove Mitigated Order Blocks & Breaker Blocks: toggles the visibility of the mitigated order blocks & breaker blocks.
Extend Order Blocks & Breaker Blocks: enables processing of the order blocks & breaker blocks beyond the boundaries of the killzones.
Display Order Blocks & Breaker Blocks: enables the display of the first, last, or all occurrences of the order blocks & breaker blocks.
Order Blocks : Bullish, Bearish Color: color customization option for order blocks.
Breaker Blocks : Bullish, Bearish Color: color customization option for breaker blocks.
Show Order Blocks & Breaker Blocks Text: toggles the visibility of the order blocks & breaker blocks labels.
🔹 Market Structure Shifts
Market Structure Shifts: toggles the visibility of the market structure shifts.
Detection Length: market structure shift detection length.
Display Market Structure Shifts: enables the display of the first, last, or all occurrences of the market structure shifts.
Market Structure Shifts : Bullish, Bearish Color: color custumization option for market structure shifts.
Show Market Structure Shifts Text: toggles the visibility of the market structure shifts labels.
🔹 Fair Value Gaps
Fair Value Gaps: toggles the visibility of the fair value gaps.
Fair Value Gap Width Filter: filtering threshold wile detecting fair value gaps.
Remove Mitigated Fair Value Gaps: removes mitigated fair value gaps.
Extend Fair Value Gaps: enables processing of the fair value gaps beyond the boundaries of the killzones.
Display Fair Value Gaps: enables the display of the first, last, or all occurrences of the fair value gaps.
Bullish Imbalance Color: color customization option.
Bearish Imbalance Color: color customization option.
Show Fair Value Gaps Text: toggles the visibility of the fair value gaps labels.
🔶 RELATED SCRIPTS
Smart-Money-Concepts
Order-Blocks-Breaker-Blocks
Thanks to our community for recommending this script. For more conceptual scripts and related content, we welcome you to explore by visiting >>> LuxAlgo-Scripts . Indicator
Fibonacci Inversion Fair Value Gaps | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Fibonacci Inversion Fair Value Gaps (IFVG) indicator! Inverse Fair Value Gaps occur when a Fair Value Gap becomes invalidated. They reverse the role of the original Fair Value Gap, making a bullish zone bearish and vice versa. This indicator plots the Fibonacci retracement levels of the IFVG, which often act like support & resistance levels.
Features of the new Fibonacci IFVGs Indicator :
Renders Bullish / Bearish IFVG Zones
Renders Fibonacci Retracement Levels Of IFVGs
Combination Of Overlapping FVG Zones
Variety Of Zone Detection / Sensitivity / Filtering / Invalidation Settings
High Customizability
🚩UNIQUENESS
This indicator stands out with its ability to render up to 3 Fibonacci retracement levels of IFVGs. Fibonacci retracement levels are widely used within trading, and we wanted to implement them for IFVG zones. You can also customize the FVG Filtering method, FVG & IFVG Zone Invalidation, Detection Sensitivity etc. according to your needs to get the best performance from the indicator.
📌 HOW DOES IT WORK ?
A Fair Value Gap generally occur when there is an imbalance in the market. They can be detected by specific formations within the chart. An Inverse Fair Value Gap is when a FVG becomes invalidated, thus reversing the direction of the FVG.
This indicator renders 0.618, 0.5 and 0.382 (can be changed from the settings) Fibonacci retracement levels of the IFVGs, which often act as support and resistances. Check this example :
⚙️SETTINGS
1. General Configuration
FVG Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
IFVG Zone Invalidation -> Select between Wick & Close price for IFVG Zone Invalidation. This setting also switches the type for IFVG consumption.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs.
Show Historic Zones -> If this option is on, the indicator will render invalidated IFVG zones as well as current IFVG zones. For a cleaner look at current IFVG zones which are not invalidated yet, you can turn this option off.
2. Fibonacci Retracement Levels
You can enable / disable up to 3 different Fibonnaci Retracement levels at this group of settings. You can also switch their line styles between solid, dashed and dotted as well as changing their colors. Indicator
FVG Detector LibraryLibrary "FVG Detector Library"
🔵 Introduction
To save time and improve accuracy in your scripts for identifying Fair Value Gaps (FVGs), you can utilize this library. Apart from detecting and plotting FVGs, one of the most significant advantages of this script is the ability to filter FVGs, which you'll learn more about below. Additionally, the plotting of each FVG continues until either a new FVG occurs or the current FVG is mitigated.
🔵 Definition
Fair Value Gap (FVG) refers to a situation where three consecutive candlesticks do not overlap. Based on this definition, the minimum conditions for detecting a fair gap in the ascending scenario are that the minimum price of the last candlestick should be greater than the maximum price of the third candlestick, and in the descending scenario, the maximum price of the last candlestick should be smaller than the minimum price of the third candlestick.
If the filter is turned off, all FVGs that meet at least the minimum conditions are identified. This mode is simplistic and results in a high number of identified FVGs.
If the filter is turned on, you have four options to filter FVGs :
1. Very Aggressive : In addition to the initial condition, another condition is added. For ascending FVGs, the maximum price of the last candlestick should be greater than the maximum price of the middle candlestick. Similarly, for descending FVGs, the minimum price of the last candlestick should be smaller than the minimum price of the middle candlestick. In this mode, a very small number of FVGs are eliminated.
2. Aggressive : In addition to the conditions of the Very Aggressive mode, in this mode, the size of the middle candlestick should not be small. This mode eliminates more FVGs compared to the Very Aggressive mode.
3. Defensive : In addition to the conditions of the Very Aggressive mode, in this mode, the size of the middle candlestick should be relatively large, and most of it should consist of the body. Also, for identifying ascending FVGs, the second and third candlesticks must be positive, and for identifying descending FVGs, the second and third candlesticks must be negative. In this mode, a significant number of FVGs are eliminated, and the remaining FVGs have a decent quality.
4. Very Defensive : In addition to the conditions of the Defensive mode, the first and third candlesticks should not resemble very small-bodied doji candlesticks. In this mode, the majority of FVGs are filtered out, and the remaining ones are of higher quality.
By default, we recommend using the Defensive mode.
🔵 How to Use
🟣 Parameters
To utilize this library, you need to provide four input parameters to the function.
"FVGFilter" determines whether you wish to apply a filter on FVGs or not. The possible inputs for this parameter are "On" and "Off", provided as strings.
"FVGFilterType" determines the type of filter to be applied to the found FVGs. These filters include four modes: "Very Defensive", "Defensive", "Aggressive", and "Very Aggressive", respectively exhibiting decreasing sensitivity and indicating a higher number of Fair Value Gaps (FVG).
The parameter "ShowDeFVG" is a Boolean value defined as either "true" or "false". If this value is "true", FVGs are shown during the Bullish Trend; however, if it is "false", they are not displayed.
The parameter "ShowSuFVG" is a Boolean value defined as either "true" or "false". If this value is "true", FVGs are displayed during the Bearish Trend; however, if it is "false", they are not displayed.
FVGDetector(FVGFilter, FVGFilterType, ShowDeFVG, ShowSuFVG)
Parameters:
FVGFilter (string)
FVGFilterType (string)
ShowDeFVG (bool)
ShowSuFVG (bool)
🟣 Import Library
You can use the "FVG Detector" library in your script using the following expression:
import TFlab/FVGDetectorLibrary/1 as FVG
🟣 Input Parameters
The descriptions related to the input parameters were provided in the "Parameter" section. In this section, for your convenience, the code related to the inputs is also included, and you can copy and paste it into your script.
PFVGFilter = input.string('On', 'FVG Filter', )
PFVGFilterType = input.string('Defensive', 'FVG Filter Type', )
PShowDeFVG = input.bool(true, ' Show Demand FVG')
PShowSuFVG = input.bool(true, ' Show Supply FVG')
🟣 Call Function
You can copy the following code into your script to call the FVG function. This code is based on the naming conventions provided in the "Input Parameter" section, so if you want to use exactly this code, you should have similar parameter names or have copied the "Input Parameter" values.
FVG.FVGDetector(PFVGFilter, PFVGFilterType, PShowDeFVG, PShowSuFVG)
Library
FVG Detector [TradingFinder] Fair Value Gap-Imbalance-Mitigated🔵 Introduction
When the market makes a strong move in the form of a "Marubozu" or "Spike" candlestick and consecutive candles move without a retracement, the maximum place where a "FVG" or "Fair Value Gap" is created.
🔵 Definition
To describe this precisely, whenever a move occurs where the current candle does not cover the body of the previous and subsequent candles, a fair value gap is created.
Important : The significant point is that, because there is no equilibrium between buyers and sellers in these conditions, and market power is in the hands of buyers or sellers, the market is likely to move towards these areas.
An example of "FVG" in a price increase where we expect buying on the return to it.
An example of "FVG" in a downward trend where the market will move towards it in a downward direction.
🔵 How to Use
🟣 Bearish FVG
In a downward trend, "orange boxes" are drawn, which are the same and can act as "support" zones along the downward path, and we expect the price to continue its downward trend on return.
🟣 Bullish FVG
In an upward trend, "green boxes" are drawn, which are . They act exactly like support in the upward path, and we expect the price to continue its upward trend on return.
🟣 Auxiliary Definitions
Imbalance : As mentioned above, market power is in the hands of one of the two sides, buyers or sellers, and a non-equilibrium zone is created. It may be completed in whole or in part in subsequent price movements.
Mitigated : If the price returns to the "FVG" area and fills it, we call it "Mitigated," and most "pending" or "profit and loss limits" positions are executed. We will not have a specific reaction on the return of the price.
🔵 Settings
Very Aggressive : In addition to the initial condition, another condition is added. For an upward FVG, the maximum price of the last candle should be larger than the middle candle's maximum price. Similarly, for a downward FVG, the minimum price of the last candle should be smaller than the middle candle's minimum price. In this mode, a very small number of FVGs are eliminated.
Aggressive : In addition to the conditions of the Very Aggressive mode, in this mode, the size of the middle candle should not be small. In this mode, a larger number of FVGs are eliminated.
Defensive : In addition to the conditions of the Very Aggressive mode, in this mode, the size of the middle candle should be relatively large, and the majority of it should be made up of the body. Additionally, to identify upward FVGs, the second and third candles must be positive, and to identify downward FVGs, the second and third candles must be negative. In this mode, a large number of FVGs are eliminated, leaving only those with suitable quality.
Very Defensive : In addition to the conditions of the Defensive mode, the first and third candles should not be very small-bodied doji candles. In this mode, the majority of FVGs are filtered out, leaving only the highest quality ones.
🔵 Features
Show Demand FVG : Displays demand-related boxes, which can be "off" and "on."
Show Supply FVG : Displays supply-related boxes along the path, and can be turned "off" and "on."
🔵 Indicator Advantages
In this indicator, I have implemented 4 types of "filters" that allow you to select one based on the trading symbol, timeframe, etc. From "Very Aggressive" to "Very Defensive" mode, it is possible to select.
In most indicators, all FVGs are displayed, and the chart becomes full of lines. But this unique feature allows the trader to manage the drawing of boxes. Indicator
