OPEN-SOURCE SCRIPT
muh gap! [FAIR VALUE GAP FINDER]
Updated
Change the colors of the indicator to contrast your chart! Make sure to also change the transparency for the colors.
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This indicator finds fair value gaps which are inefficiencies in price delivery. Gaps can be used for entry or even bias.
I've included midpoints, lines, and boxes. Boxes have the greatest range with respect to historic PA so keep that in mind.
I will be updating this script in the future, potentially adding an MTF function, mitigation of gaps and alarms.
Let me know if you guys have any additional ideas.
Best,
P
---
This indicator finds fair value gaps which are inefficiencies in price delivery. Gaps can be used for entry or even bias.
I've included midpoints, lines, and boxes. Boxes have the greatest range with respect to historic PA so keep that in mind.
I will be updating this script in the future, potentially adding an MTF function, mitigation of gaps and alarms.
Let me know if you guys have any additional ideas.
Best,
P
Release Notes
Reviving the MTF capabilities but fixed the offset in which the boxes are appearing... additional fixes later.Thickness on = 3 candle width of the FVG (has to be set to 3)
Release Notes
Added credit (woops) Shanxia and kodify for the timeconverterFixed up menu and added a standard (STD) FVG for convenience.
Turn off table under the style section
uhh hopefully i didnt mess anything up
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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