Bearish Breakaway Dual Session-FVG

Inspired by the FVG Concept:

This indicator is built on the Fair Value Gap (FVG) concept, with a focus on Consolidated FVG. Unlike traditional FVGs, this version only works within a defined session (e.g., ETH 18:00–17:00 or RTH 09:30–16:00).

See the Figure below as an example:



Bearish consolidated FVG & Bearish breakaway candle

Begins when a new intraday high is printed. After that, the indicator searches for the 1st bearish breakaway candle, which must have its high below the low of the intraday high candle. Any candles in between are part of the consolidated FVG zone. Once the 1st breakaway forms, the indicator will shades the candle’s range (high to low). Then it will use this candle as an anchor to search for the 2nd, 3rd, etc. breakaways until the session ends.

Session Reset: Occurs at session close.

Repaint Behavior:
If a new intraday (or intra-session) high forms, earlier breakaway patterns are wiped, and the system restarts from the new low.

Counter:
A session-based counter at the top of the chart displays how many bullish consolidated FVGs have formed.

Settings

• Session Setup:
Choose ETH, RTH, or custom session. The indicator is designed for CME futures in New York timezone, but can be adjusted for other markets.
If nothing appears on your chart, check if you loaded it during an inactive session (e.g., weekend/Friday night).

• Max Zones to Show:
Default = 3 (recommended). You can increase, but 3 zones are usually most useful.

• Timeframe:
Best on 1m, 5m, or 15m. (If session range is big, try higher time frame)


Usage:
See this figure as an example


1. Avoid Trading in Wrong Direction
• No Bearish breakaway = No Short trade.
• Prevents the temptation to countertrade in strong uptrends.

2. Catch the Trend Reversal
• When a bearish breakaway appears after an intraday high, it signals a potential reversal.
• You will need adjust position sizing, watch out liquidity hunt, and place stop loss.
• Best entries of your preferred choices: (this is your own trading edge)
Retest
Breakout
Engulf
MA cross over
Whatever your favorite approach
• Reversal signal is the strongest when price stays within/below the breakaway candle’s
range. Weak if it breaks above.

3. Higher Timeframe Confirmation
• 1m can give false reversals if new lows keep forming.
• 5m often provides cleaner signals and avoids premature reversals.


Summary

This indicator offers 3 main advantages:
1. Prevents wrong-direction trades.
2. Confirms trend entry after reversal signals.
3. Filters false positives using higher timeframes.

Failed example:
Usually happen if you are countering a strong trend too early and using 1m time frame


Last Mention:

The indicator is only used for bearish side trading.