OPEN-SOURCE SCRIPT
BPR_FVG [CDZV]
The BPR_FVG indicator identifies and visualizes Breaker Pattern Retest (BPR) zones based on the interaction of bearish and bullish Fair Value Gaps (FVG). The indicator draws colored boxes representing valid BPR zones and maintains their visibility until invalidation.
Key Features:
- Automatically detects both bullish and bearish BPR patterns
- Customizable BPR threshold for minimum range validation
- Option to show only "clean" BPR zones (without price interference)
- Adjustable lookback period for FVG sequence detection
- Visual representation with color-coded boxes (green for bullish, red for bearish)
- Persistent display of last valid BPR levels in Data Window
- Built-in alert conditions for new BPR formations
The indicator helps traders identify potential reversal or continuation zones based on Smart Money Concepts, particularly useful for tracking institutional order blocks and market structure.
This is an indicator from the CDZV.COM - Code Zero Visual Trading toolkit.
Key Features:
- Automatically detects both bullish and bearish BPR patterns
- Customizable BPR threshold for minimum range validation
- Option to show only "clean" BPR zones (without price interference)
- Adjustable lookback period for FVG sequence detection
- Visual representation with color-coded boxes (green for bullish, red for bearish)
- Persistent display of last valid BPR levels in Data Window
- Built-in alert conditions for new BPR formations
The indicator helps traders identify potential reversal or continuation zones based on Smart Money Concepts, particularly useful for tracking institutional order blocks and market structure.
This is an indicator from the CDZV.COM - Code Zero Visual Trading toolkit.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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Join our community: discord.gg/Cu4pRGwwYP
All content provided by CDZV is for informational & educational purposes only. Past performance does not guarantee future results.
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