PROTECTED SOURCE SCRIPT
Updated Vasyl Ivanov | FVG, imbalance
Fair Value Gap (FVG) / Imbalance Indicator
This indicator is specifically designed to help traders detect Fair Value Gaps (FVG) and Imbalance in the market, highlighting key areas where price action may return to "fill the gap" or restore balance. Additionally, it detects strong FVG scenarios, where Break of Structure (BoS) intersects with an FVG, giving traders an extra level of insight.
Key Features:
How It Works:
The FVG / Imbalance Indicator scans price action for gaps where price moves too quickly, leaving areas of imbalance:
Use Cases:
Why It’s Unique:
This indicator goes beyond basic FVG and imbalance detection by introducing Strong FVGs, offering traders an advanced tool to identify crucial market zones where structural changes and gaps intersect. The distinct color for Strong FVGs ensures traders don’t miss these high-impact areas.
This indicator is specifically designed to help traders detect Fair Value Gaps (FVG) and Imbalance in the market, highlighting key areas where price action may return to "fill the gap" or restore balance. Additionally, it detects strong FVG scenarios, where Break of Structure (BoS) intersects with an FVG, giving traders an extra level of insight.
Key Features:
- Fair Value Gap (FVG) Detection:
The indicator identifies FVGs, which occur when the price leaves an unfilled gap between two bars. These gaps often act as key price targets for future market action, providing potential entry or exit points. - Imbalance Detection:
Imbalances occur when there is a discrepancy between buying and selling pressure, leaving price gaps that the market often seeks to fill. This feature highlights these imbalances on the chart. - Strong FVG Highlighting:
A Strong FVG is marked when there’s an intersection between a Break of Structure (BoS) and an FVG. This situation is highlighted with a distinct color, drawing attention to areas of higher importance where both a BoS and FVG are present, signaling potential significant price moves.
How It Works:
The FVG / Imbalance Indicator scans price action for gaps where price moves too quickly, leaving areas of imbalance:
- Fair Value Gaps (FVG) are detected when price leaves a gap, signaling potential levels where the price may retrace.
- Imbalance is identified when buying and selling pressure is uneven, leading to unfilled gaps in price action.
- Strong FVG detection combines FVG with BoS, highlighting critical zones where price is likely to react significantly due to a structural shift and a gap in price action.
Use Cases:
- Gap Trading: Use the FVG indicator to identify potential levels where the market may return to fill the gap, offering valuable entry and exit points.
- Detecting Imbalance: Spot areas of price imbalance, which can act as magnets for price retracements.
- Key Reversal Zones: Strong FVGs highlight potential reversal or continuation points where both a BoS and FVG intersect, making these zones crucial for high-probability trading opportunities.
Why It’s Unique:
This indicator goes beyond basic FVG and imbalance detection by introducing Strong FVGs, offering traders an advanced tool to identify crucial market zones where structural changes and gaps intersect. The distinct color for Strong FVGs ensures traders don’t miss these high-impact areas.
Release Notes
Added multi-timeframe support. Build FVGs on up to 4 timeframes on the same chartRelease Notes
Changed default values for easier startRelease Notes
Improved multi-timeframe calculations for long periodsRelease Notes
Added option 'Remove overlapped FVG'Release Notes
Improved the BoS detection algorithm based on the new Extremums detection.Release Notes
Fixed a bug for historical barsRelease Notes
Added Internal BoS optionRelease Notes
Improved distance on which to hide FVG'sRelease Notes
Improved another script issueRelease Notes
Optimized calculationsRelease Notes
Prevent calculations out of barstate.isconfirmedRelease Notes
Improved extremums detectionRelease Notes
One more fix for extremums detectionRelease Notes
improved searching of a first extremumProtected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.