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Imbalance

Fair Value Gap█ OVERVIEW This indicator displays the Fair Value Gap of the current timeframe and an additional higher timeframe. For each FVG the gaps act as targets creating bullish and bearish gaps that are often filled. █ FEATURES MTF Options MidPoint FIll Delete Old On Fill Label FVG Timeframe MTF Options Enabling the MTF Options will allow the user to use the "MTF Timeframe" setting to choose what HTF Fair Value Gap to display MidPoint FIll A line plot at the Half way point will be included in the Fair Value Gap, this will be used to delete the gap when reached instead of a full fill. Delete Old On Fill Deletes historical Fair Value Gaps when filled. Label FVG Timeframe Labels Every Fair Value gap with there relevant timeframe to make it easier to determine which gap is being filled. █ HOW TO USE IT The indicator is quite straight forward in its application, providing users with targets that are often filled as they are seen as market imbalance. Just applying it to your chart will provide the existing Fair Value Gaps. MTF Confluence is helpful in seeing what is happening on the macro perspective. █ SUGGESTION My suggestion for clarity is to use a different color to some degree between the MTF and Current TF as Opposed to text, keeps the chart clear. █ LIMITATIONS OF PINE (Please read) I see many users going on different indicators with MTF in mind and trying to use it for LTF data e.g. 1hour chart, and selecting 5min in chart settings. This is not recommended by the team themselves and should be noted for use always use HTF: www.tradingview.com To understand how to use fair value gaps I recommend learning about the subject some more, searching online will provide you resources. The internet is your friend when learning. All the best.
Pine Script® indicator
by spacemanbtc
104
SPARTAN SMC TOOL 1.0SPARTAN SMC TOOL 1.0 1. Order Block 2.Double Zig Zag 3. Imbalance //--------------------- details about smc tool -----------------------// Order Block: I) The Order Blocks are NOT DETECTED in REAL TIME! - A Bullish Order Block is the last red candle BEFORE a subsequent series of green candle - A Bearish Order Block is the last green candle BEFORE a subsequent series of red candles The required length of the series is defined by the parameter "Relevant Periods to identify OB" (by default it is set to 5). This means that the earliest an Order Block can be identified with these settings is 5 candles AFTER it has occurred! As a result of this.... II) The identified Order Blocks (and therefore also the Alerts) are not BUY or SELL signals! As I have mentioned in the description before, these identified Order Blocks rather show "Areas of Interest" on the chart where there is an increased probability that the price will revisit these levels at one point in the future (but no guarantee of course!). III) ....and YES, it REPAINTS....by definition! A "repainting" indicator is changing signals in the past. As according to the defined logic an Order Block can only be identified AFTER future conditions are met, it will of course "repaint" the signal into the chart only after at least the relevant period has elapsed - the same applies to the Alerts. If you intend to complain about this "repainting", then I am sorry to say that you did not understand what this is used for and I advise you not to use this indicator. I would then advise you to first read a bit about Institutional Order Flow. IV) This is not the "Perfect Indicator"..... When you look at the historical performance on the chart, it looks like that the Indicator ALWAYS called a perfect entry! But due to the definition of the logic and due to the delay/repainting, this is misleading if you do not understand how it is supposed to work. So please make sure that you REALLY understand it before you use it - I tried to be very clear in my explanations. Double Zig Zag: Here Double Zig Zag with HHLL script is with you. it calculates 2 Zig Zag simultaneously and draws them, and also it calculates and puts Higher High, Lower Low, Higher Low, Lower High labels. All these are done dynamically, it means last HH/HL/LL/LH can change. if price continues to go up then HL can turn to LL or if price continues to go down then LH can turn to HH. This script can be used for different purposes such trend analysis, support/resistance levels, breakouts etc. I tried to make many things optional: You can set Periods for Zig Zags as you wish You can set different colors for both Zig Zag Up/Down lines You have option to show both Zig Zag , one of them or none them You have option to show both HHLL, one of them or none them You can set Zig Zag 1 line style as Dashed or Dotted You can set Line Widths for Zig Zags Imbalance and Fair Value Gaps Imbalance and Fair Value Gaps are created when Price moves away in one direction at speed / impulsively. A gap is created between the first and third candle wick which creates the Imbalance / Fair Value Gap and is sometimes a potential area of where the market could return making the area a good place to look to trade from or to aim for. This Imbalance / Fair Value Gap indicator will change the color of the candles where these gaps have been created and also created a Line at the start of the Gap. Although the candle color will not change, the lines however will be removed when price has closed the Gap making it easier to look for the untouched Imbalance / Fair Value Gaps when opening the charts or changing between timeframes and allowing you to create your potential areas to trade from or areas to target. You are also able to add a shape on the gaps and change style of lines created along with the width and length. From the testing I have carried out whilst trading, using more than a 500 bar look back seems to cause issue so this is the max you can set the candle look back. There are other Imbalance / Fair Value Gap indicators but I just wanted to create one with a few additional options which suited my trading style. Hope you find it useful and happy safe trading...
Pine Script® indicator
by SPARTAN-TRADING-ACADEMY
33
ICT Fair Value Gap [LM]Hello traders, I would like to present you ICT Fair Value Gap script. The idea is the same as in my other script to look form imbalances. I have improved the previous script from teaching of ICT and created this script to train the eye to see those gaps. Shrinking option also shows if the gap has been already filled and also in case gap is filled you can get alert in case you will set it up . The script has two settings: general settings - definition of volatility condition for middle candle box settings - setting for boxes, box colors, shrinking I hope you enjoy it, Lukas
Pine Script® indicator
by lmatl
27
Imbalance Identifier With Target BoxTarget Area to help me with my target area for visual reference Imbalance Identifier - Helps me to see where the trade may come back to EMA on 1 Minute Time frame for helping to identify Direction to take trades in I primarily use this as a tool to help me identify very short term direction for scalping small target area (Adjustable) Preset for the main 28 Forex Pairs, US30,US100,US500 Dax40 and Gold on the 1 Minute timeframe
Pine Script® indicator
by Travelling_Trader
4
Imbalanced zoneImbalance, this is a zone / gap created when the price move with force in a given direction. It identify a zone where the price could potentially go back. This gives perfect targets for your trades. Imbalance is created from the high and low of 3 candles. When the wicks the of 1st and 3rd candle does not fully overlap the middle one. You can define the penetration ratio which will delete a tested zone from the chart. Usually find that 20% (0.2) is pretty accurate.
Pine Script® indicator
by frozon
28
Supply & Demand / Orderblocks - Multi TimeFrame (@JP7FX)This should easily find the clear BUY to SELL / SELL to BUY candles with imbalance created. There are options to change the Supply and Demand / OrderBlock CREATION based off the OPEN or WICK imbalance and also the option to DRAW the zones from the OPEN or the WICK. Will also draw HTF zones with options to change the colour of zones when price has mitigated these areas, zones will be deleted once price has passed through. Each Zone has the 50% line drawn and will delete when Price has reached - maybe useful for traders who look for 50% mitigation of areas. When using HTF zones (max of 2) a Timeframe display will show for that zone. There are many options to change colours and lines etc to suit the layout you prefer. The zones that are created are not to trade from without additional analysis its simply to help draw strong zones. Hope this provide some help and Trade Safe :)
Pine Script® indicator
by jp7fx
293
Fair Value Gap by AncheIndicator that plots boxes for fair value gaps (also known as imbalances or inefficiencies) fair value gaps are a very useful concept in price action trading, as they provide a trader with information about where a lot of orders were injected creating this inefficiency in the market. This inefficiency can become a magnet for price in the future to resolve this inefficiency as there are many resting orders. A trader can use this information to target a fair value gap, or to look for a potential entry for a long/short making it a good POI. you have the possible to extend boxes to the right of the screen or to edit their width fair value gaps tend to get mitigated, to restore the balance. This indicator gives you the option to define a mitigation using a full fill or a 0.5 fill. You can also define what to use for mitigation: candle bodies or candle wicks. there are some other indicators for fair value gaps, although I haven't found one that let's me define a 0.5 mitigation, this indicator suits my trading style
Pine Script® indicator
by anche1991
99
MarketReader_StrategyMarketReader_Strategy is a very useful and advanced indicator: - It draws buying (green) and selling (orange) zone . -Once the buying or selling zone is tapped, the color is automatically changed to grey -It shows liquidity pool ($$$) engineered by market behaviour Buying or selling area are determined by an algorithm that combines volume profile, Elliott Wave principles and order flow delivery . On the above example: At “1” , you can see that the first buying zone is drawn since January 12 At “2” , the buying zone is tapped on January 18 with a strong bullish reaction. At “3” and “3’” , you can see that liquidity pool has been created by market maker on both buying and selling side. It is typical of market behavior. Market maker will take the downside liquidity by targeting the buying zone and then reverse (to the upside) targeting the upside liquidity pool that fuel the pump to the selling zone “4” . This selling zone is reached at “5” with a strong bearish reaction. “6” represent active buying zone, waiting to be tapped. To buy or take profit on these areas will depend on market behavior on the way down. Does the market engineer liquidity before? We use 2 complementary indicators helping us to take position on these areas but feel free to experiment with your own. Usually, I wait price comes to selling or buying zone, then I go on lower timeframe (15 to 30 times lower) searching for divergences and convergences on Momemtum reader (also available on tradingview) This indicator does not repaint and works on Forex, Crypto, Indices, Commodities and stock.
Pine Script® indicator
by nonobdx
13
FX Sessions - All in OneFX Sessions - All In One This Script offer a wide variety of goodies SESSION OPEN it will draw a line for the TOP, MID and LOW of the asian session (you can adjust the hours of the session) It will draw a line for the TOP and LOW of the London Session (you can adjust the hours of the session) It will draw a line for the TOP and LOW of the NY Session (you can adjust the hours of the session) SEPARATORS while on lower timeframe, you will have a separator for days that occurs at midnight NY time While on Daily timeframe, you will have a separator that will separate every month, on the 1st trading day of that given month IMBALANCE The candle leaving imbalance (a candle where there is a portion that is not matched with a price action left or right) NY Midnight opening price a dotted line will be drawn (up to 500 bar limitation) from NY open until it reaches either the 500 bar or the end of the day. on lower timeframe (below 3 minutes) the bar will not reach the end of the day
Pine Script® indicator
by Naletar
2
Imbalance, ADR Daily Target & ADR > 3X1 x ADR Movement Calculated on the Asian Session - Times can be altered to suit your parameters Daily Target is set High from low of Asian Range and Low from High of Asian Range 0-3X ADR Calculated and Displayed from a point you select for the following days targets - can be set Bearish or Bullish and ADR parameters can be altered Imbalance Finder - Can be switched on or off to show imbalance on current time frame - default is off
Pine Script® indicator
by Travelling_Trader
7