ICT 9:30am First FVG

Aug 27

This indicator is designed based on ICT (Inner Circle Trader)'s algorithmic price action theory, specifically targeting the first fair value gap (FVG) that forms immediately after the New York Stock Exchange opens at 9:30am. The FVG represents an imbalance in the price delivery where a significant price action gap occurs, which can play a crucial role in future price movements.

Features:

• Identification of First FVG: Automatically identifies and plots the first fair value gap that forms post the 9:30am NY open.
  
• Customizable Visualization: Choose between block or line styles for visual representation, with customizable colors and border styles.
  
• Date Labeling: Optionally displays date labels for each identified gap to track patterns over time.
  
• Imbalance Extension: Options to extend the imbalances to the current bar, helping to visualize their influence on ongoing price action.
  

Purpose:

The first fair value gap formed after the market opens is an important algorithmic price range in ICT's price action theory. This indicator simplifies the identification of these critical gaps and helps in understanding their impact on future price action.

Aug 28

Release Notes

Update: Only render on timeframe <= 15m.

Sep 3

Release Notes

Added customization for how FVGs can be extended (extended to current candle, current candle + n, or to end of trading session).

Sep 6

Release Notes

Fixed:

• C.E. does not fully extend to fill the box
  
• Added labels for lines display
  

Sep 6

Release Notes

Fixed:

• Timeframes other than 1m could incorrectly plot FVGs by including bars prior to 9:30am
  

Sep 6

Release Notes

Update name

Sep 11

Release Notes

• Added options to show Volume Imbalances and Liquidity Voids
  
• Include imbalance type (FVG, VI, LV) in the label
  
• Organized settings with additional style options
  
• Fixed some calculations incorrectly showing old imbalances
  

Oct 8

Release Notes

• Fixed: Incorrect float calculation could cause imbalances to extend left infinitely .
  
• Improvement: Gaps are now plotted based on `time` instead of `bar_index`, offering future support for different chart vs indicator timeframes (in progress).
  
• Improvement: Added option to include gaps (VI/LV) between candle close/open as part of the FVG calculation.