Volume FVG | Liquidity Gaps + (Z-Core Edition)

📘 Indicator Description — Volume FVG Pro+

Volume FVG Pro+ is a technical analysis tool designed to automatically detect and visualize Fair Value Gaps (FVG) on the chart. It incorporates volume-based and ATR-based filtering to highlight only meaningful zones while reducing market noise.
⚙️ How It Works:

FVG Detection:

Identifies gaps between candles that may indicate institutional activity or imbalance.

Supports two types:

Regular FVG — all price gaps.

Volume FVG — gaps with abnormally high volume, calculated via Z-Score (relative to volume average).

ATR Filtering:

Filters out insignificant price gaps using Average True Range (ATR).

Helps show only zones with strong volatility behavior.

Mitigation Logic:

Zones are marked as mitigated (deactivated) when price retraces into them.

Mitigation can be detected by wick or close, with configurable depth percentage.

Zone Extension:

Active zones automatically extend forward until they are mitigated.

Display Options:

Fully customizable:

Bullish/Bearish coloring.

Opacity and box length.

Toggle labels and outlines.

🛠️ Settings Overview:

Z-Score Thresholds — for volume-based FVG detection.

ATR Multiplier — volatility sensitivity.

Mitigation Depth (%) — defines how deep price must retrace to deactivate a zone.

Display Options — full control over how zones appear on the chart.


📌 Why Use Volume FVG:

These gaps often represent footprints of large participants.

They are statistically more likely (15–20%) to hold price and act as reaction zones compared to regular FVGs (based on internal analysis).

Useful for identifying entry/exit areas and refining market structure analysis.


👤 Best For:

Smart Money / Order Flow / Liquidity-based traders.

Intraday and swing traders using price reaction and volume cues.

Anyone seeking clear and efficient FVG detection with filtering.