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OPEN-SOURCE SCRIPT

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A comprehensive technical analysis indicator combining three powerful tools for price action trading:

1. Fractal Detection
  • Identifies 3-candle and 5-candle fractals (Williams Fractals)
  • Marks swing highs and lows with customizable triangle markers
  • 3-candle fractals: Orange with 10% opacity
  • 5-candle fractals: Black with 50% opacity
  • Can be toggled on/off independently


2. No-Wick Candles Detection
  • Highlights candles with minimal or no wicks (shadows)
  • Identifies rejection-free price action
  • Adjustable wick threshold (default: 0% for perfect body candles)
  • Marked with red crosses (10% opacity)
  • Useful for spotting strong momentum and institutional orders


3. Fair Value Gap (FVG) Alerts
  • Detects bullish and bearish imbalances (gaps between candles)
  • Bullish FVG: when low[2] > high[0]
  • Bearish FVG: when high[2] < low[0]
  • No visual boxes - alerts only for clean charts
  • Customizable alert notifications for both directions


Features:
  • Overlay indicator - displays directly on price chart
  • Fully customizable: enable/disable each component independently
  • Organized settings groups for easy configuration
  • Alert conditions for FVG formations
  • Minimal visual clutter while providing maximum information

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

produmanni
Also on:
Bill Williams IndicatorsCandlestick analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Bill Williams IndicatorsCandlestick analysis

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

produmanni
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.