ICT Implied Fair Value Gap (IFVG) [LuxAlgo]An Implied Fair Value Gap (IFVG) is a three candles imbalance formation conceptualized by ICT that is based on detecting a larger candle body & then measuring the average between the two adjacent candle shadows.
This indicator automatically detects this imbalance formation on your charts and can be extended by a user set number of bars.
The IFVG average can also be extended until a new respective IFVG is detected, serving as a support/resistance line.
Alerts for the detection of bullish/bearish IFVG's are also included in this script.
🔶 SETTINGS
Shadow Threshold %: Threshold percentage used to filter out IFVG's with low adjacent candles shadows.
IFVG Extension: Number of bars used to extend highlighted IFVG's areas.
Extend Averages: Extend IFVG's averages up to a new detected respective IFVG.
🔶 USAGE
Users of this indicator can primarily find it useful for trading imbalances just as they would for trading regular Fair Value Gaps or other imbalances, which aims to highlight a disparity between supply & demand.
For trading a bullish IFVG, users can find this imbalance as an area where price is likely to fill or act as an area of support.
In the same way, a user could trade bearish IFVGs by seeing it as a potential area to be filled or act as resistance within a downtrend.
Users can also extend the IFVG averages and use them as longer-term support/resistances levels. This can highlight the ability of detected IFVG to provide longer term significant support and resistance levels.
🔶 DETAILS
Various methods have been proposed for the detection of regular FVG's, and as such it would not be uncommon to see various methods for the implied version.
We propose the following identification rules for the algorithmic detection of IFVG's:
🔹 Bullish
Central candle body is larger than the body of the adjacent candles.
Current price low is higher than high price two bars ago.
Current candle lower shadow makes up more than p percent of its total candle range.
Candle upper shadow two bars ago makes up more than p percent of its total candle range.
The average of the current candle lower shadow is greater than the average of the candle upper shadow two bars ago.
where p is the user set threshold.
🔹 Bearish
Central candle body is larger than the body of the adjacent candles.
Current price high is higher than low price two bars ago.
Current candle upper shadow makes up more than p percent of its total candle range.
Candle lower shadow two bars ago makes up more than p percent of its total candle range.
The average of the candle lower shadow 2 bars ago is greater than the average of the current candle higher shadow.
where p is the user set threshold.
🔶 SUPPLEMENTARY MATERIAL
You can see our previously posted script that detects various imbalances as well as regular Fair Value Gaps which have very similar usability to Implied Fair Value Gaps here:
Fairvaluegap
Gaps + Imbalances + Wicks (MTF) - By LeviathanThis script will identify and draw price gaps, wicks and imbalances with customizable fill conditions, multi-timeframe function, zone size filtering, volume comparison, lookback filtering, as well as highly customizable appearance and settings.
I’ve made this indicator to combine the three similar but different elements that occur in price movements and serve as significant zones of interest or way of PA interpretation in various different strategies.
Imbalances (or Fair Value Gap/FVG/Inefficiency/whatever)
- The Imbalance “pattern” consists of 3 candles (1- candle before the sharp move, 2 - sharp move candle and 3- candle after the sharp move). When price makes a move downwards, the imbalance zone is defined as the area between the low of 1 and the high of 3 When price makes a move upwards, the imbalance zone is defined as the area between the high of 1 and the low of 3.
Gaps
A price gap is an area on a chart where no trading activity has taken place. A gap up means that the low of the current candle is higher than the high of the previous candle and a gap down means that the high of the current candle is lower than the low of the previous candle.
Wicks (or shadows/tails/whatever)
Wicks are used to indicate where the price has fluctuated relative to the opening and closing price of the candle. An upper wick is the zone between candle high and candle close/open (whichever is higher) and a lower wick is the zone between candle’s low and candle’s close/open (whichever is lower).
Settings Overview
“Zone Type” - This input lets you decide which zones should the script plot and on which timeframe. You should always pick a timeframe higher than your chat’s.
“Middle Line, Top Line, Bottom Line” - Show or hide the Middle Line (horizontal level in the middle of each zone), Show or hide Top Line (horizontal level at the top of the zone), Show or hide Bottom Line (horizontal level at the bottom of the zone)
“UP/DOWN Zones" - This input lets you show/hide UP Zones or DOWN Zones an pick their color, border color and label color.
”Fill Condition” - If turned ON, the zones will end drawing when your prefered Fill Condition is met (Full Filll = price mitigates the whole zone, Half Fill = zone is at least halfway mitigated and Touch = zone is touched by price). If turned OFF, the zones will only be plotted for the amount of bars defined it “Zone Length”.
”Lookback (D)” - This input lets you limit the amount of zones plotted on the chart by choosing how many days back in time should the script go to find and plot zones. For example, input 1 will only show you the zones of the past day, input 7 will only show you the zones of the past week.
”Hide Filled Zones” - If turned ON, the zones that have been filled will be removed from the chart.
”Show Boxes” - Show or hide the boxes that represent the zones. This is useful for those who want the zones to be visualized by just lines.
“Filter Type” - this input lets you create a filter that will make the script only show zones that are larger than ATR or larger than a certain percentage. You can choose the ATR Length and the multiplier (higher multiplier → larger zone required), as well as the Percentage (%) and its multiplier (higher percentage → larger zone required). If you choose “None”, the zones of all sizes will be plotted.
”Zone Labels” - this part of the settings lets you: show/hide labels, decide on the size of the labels and their positions, choose a custom name for each zone, choose the data that the labels present (Type of the zone/Timeframe/ Volume ).
”Other settings” - ‘Stop/Delete zone after X number of candles’ will force stop/delete the zone if it’s plotted for more than prefered number of bars. ‘Line Style’ lets you choose the style and the color of the lines, ‘Zone Length’ defines the length of the zone if Fill Condition is “None”.
More settings, modifications and improvements coming in future updates. This script is a bit old so I will clean up and optimize the code once I have more time.
Three Bar Gap (Simple Price Action - with 1 line plot)This script is tailored towards experienced traders who prefer to view raw price charts during live execution. It searches for a three-bar pattern of what is colloquially called "fair value gap", or "imbalance" and uses a single line to plot the results. The goal is to display price in a way that is as simple as possible so that chart readers who don't prefer to add indicators on their screen will still find this indicator as an acceptable option to consider for.
From a code perspective, this script explores a new PineScript feature called UDT (user-defined types). This is an incredible update because it brings developers one step close to having the ability to create abstract data types.
█ What is price action?
Experienced traders will tell you that the chart that they use for live execution is raw, clean, and uses no indicators. They say they execute on price action, so what exactly is price action?
There is no formal definition to it, but one can agree that it implies the process of analyzing price without considering the fundamentals, without needing to know what the news was about, and without needing to know any of the Greeks (except for the desire to “seek alpha” Ha.haa...). This is not to say that price action traders are executing in their own vacuums without the need to know what is happening around the world. Surely fundamentals and financial models can be used beforehand for developing a bias for what is being traded, but it’s price-first at the moment of execution. That said, Factor (A) is Price.
Factor (B) is time-perception, it’s how the trader reads the tape. How the trader perceives price to change with respect to time is valuable information. Interpretation of "time" will be elaborated in the next section that talks about candlestick patterns detected by this script.
Putting this together, price action means the analysis of price movement by only considering (A) price, and (B) time, to predict which direction the market will move. A speculative trader is timing the market with the expectation to make a quick in-and-out profit; she/she is using price action. On the other hand, a long term investor holding a diversified portfolio with a strategy based on modern portfolio theory combined with fundamental analysis (at this point candlesticks are irrelevant) but has one additional criteria of, say, can only go Long on a stock when it has closed Green on Daily; he/she is also considered to be executing on price action.
█ Candlestick patterns
This script calculates the displacement of highs and lows over three consecutive bars.
A) Down move = When High of the recent confirmed bar is lower than the Low of the previous-previous candle
B) Up move = When Low of the recent confirmed bar is higher than the High of the previous-previous candle
(Note that its the confirmed bar that is being talked about, so it does not repaint)
An ATR filter will be applied to reduce the number of lines generated as many times they might just be associated with minor price changes.
Interpretations:
When price moves quickly across three bars, it can be thought that it has gapped. Although the candle in the middle appears to be solid, it’s not from a conceptual perspective. This is because time itself is arbitrary; timeframes don’t necessarily have to be fixed intervals. Take stocks with regular trading hours for example, if price makes a breakaway gap and you bundle the after-hours and pre-market sessions together as one candle, never minding that intervals should be fixed, then you will see the exact three-bar-gap patterns. Similar happens during intraday sessions on lower timeframes, if you zoom-in closer, you’ll see that ticks within the middle candle are sparsely dispersed. This is why it's called a gap.
█ Parameters with fixed inputs & assumptions used:
ATR is used for filtering out minor movements that will likely be deemed as irrelevant by trader for the purpose of live execution. The following inputs are required:
A) ATR lookback period
B) Multiplier
The product of ATR(len=A) and B produces a threshold for minimum distance that price must gap by. Initially, it was proposed to be only based on one ATR, but often an ATR is too wide and using it will filter out too many lines. Because of this observation, a multiplier (Parameter B) has been introduced to allow users to apply fractional ATR as a threshold.
█ Applications:
For trend followers: Follow the direction of the gap. Entering above recent high/low points above/below the first impulse with a stop-limit order is a viable tactic.
For contrarians fading a trend: The mid-point is a good point of reference for predicting potential areas of support/resistance.
Fair Value Gap Oscillator (Expo)█ Overview
The Fair Value Gap Oscillator (Expo) is an indicator based on the concept of Fair Value Gaps. It is a momentum indicator that helps traders identify mispricings in the market over time. The indicator also incorporates volume and volatility to increase its accuracy further. The indicator can be used in both trending and range-bound markets.
FVG occurs when there is an insufficient amount of buyers and sellers in the market for a particular asset. This can cause a sudden and large gap in the asset price, creating an imbalance in the price. This gap can be large enough to prevent traders from entering the market to take advantage of the price discrepancy. This, in turn, leads to a lack of liquidity and further price volatility.
█ How is the Fair Value Gap Oscialltor calculated?
The Fair Value Gap Oscillator is calculated by using historical Fair Value Gapa, volume, and volatility to determine if the market is trading at a discount or premium relative to its historical fair value. It is based on the idea that prices move in fair value cycles and that by looking at the oscillations of FVG data over time, traders can get a deeper insight into how imbalances impact the price over time.
█ Oscillator Trading
Oscillators are technical indicators that are used to measure momentum within a given market. These indicators measure the speed and magnitude of price movements. Traders use oscillators to identify potential entry and exit points in the market. They may look for overbought and oversold conditions, or they may look for divergence between the price of an asset and its oscillator. When these signals are identified, traders can then enter or exit positions accordingly.
█ How to use
It is a momentum indicator that helps traders identify mispricings in the market over time. In addition, the FVG Oscialltor can be used to identify overbought and oversold conditions in the market, as well as trends and leading trend changes.
Trending Indicator
The Fair Value Gap Oscillator can also be used to identify trends in the market. By tracking the FVG over time, investors can identify whether the market is trending up or down.
Leading Indicator
This indicator can be used to identify leading changes in the market’s momentum and price action. It will indicate beforehand when the momentum decreases and a potential trend change is about to come.
Divergences
Leading Indicators are great for identifying divergences. This Fair Value Gap Oscillator is a powerful yet simple tool to spot divergences in the market.
It is important to remember that the Fair Value Gap Oscillator is just one tool in your investment toolbox. It should be used in conjunction with other smart money concept indicators to identify excellent trading opportunities.
█ Indicator Features
Trend FVG
A Trend FVG feature is added to help Trend Traders get a long-term overview of the FVG trend. This feature can be used for the leading FVG calculation to get a predictive FVG trend.
Leading FVG Calculation
The leading calculation makes the Fair Value Gap oscillator sensitive to fair value changes and becomes more leading.
Trend Line
The Trend line feature is a combination of the leading and the long-term trend that can be used as trend confirmation.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Liquidity Hunter - FattyTradesThis indicator is used to automatically identify and plot two forms of liquidity that will be targeted by market makers.
The first form of liquidity is based on multi-time fame highs and lows. It plots 1H, 4H, D, W, & M liquidity on an intraday chart to make it easier to identify. I believe hat liquidity is what drives the market and the most common form of this liquidity can be identified through higher time frame highs and lows. You can use whatever method you prefer to determine which liquidity pool will be targeted. When the liquidity is purged, it will be shown as dotted lines. This should not be used as traditional support/resistance, but rather as targets for the market.
The second form of liquidity is in the form of imbalances or fair value gaps. You can select a higher time frame to be plotted along with the current time frame you're viewing to identify imbalances that will likely be targeted intraday. We know that higher time frame fair value gaps work equally well as targets for market makers. When a higher time frame FVG is broken into, it can also act as a very powerful form of support and resistance. By default, when a fair value gap has been mitigated it will be removed from the chart, however this can be disabled.
Between these two forms of market maker liquidity targets on the chart, it will be easier to formulate a thesis intraday to determine where the market will move. It can help minimize the amount of switching between higher time frames that needs to be done, allowing you to identify targets while trading on your favorite intraday time frame for optimal risk/reward.
In the near future, I will build in alerting mechanism to alert when liquidity on higher time frames as been purged/mitigated.
ICT SM Trades PREMIUMIndicator looks for ICT & Smart Money trades on any timeframe. These types of trades reveal how the big institutions, banks and hedge funds trade with big money. If they want their very big positions to be filled they need to find areas in chart where the majority of the money is sitting. Where is it? Where is the majority of orders placed? Right below supports or right above resistance, these orders are stoplosses or stop orders. So they need to push the price to these areas, take all the available stoplosses and trigger all the available stop orders in order to fill their positions and then push the price to the opposite side to make profit (and retail to lose).
Indicator looks for support or resistance (S/R) areas which are represented by dotted lines. This S/R areas are created by minimum of 2 pivot high/low (H/L). Every pivot H/L that creates the S/R area is marked with diamond label. This S/R area is called liquidity. After liquidity is created, indicator looks for liquidity grab (mostly represented by fast spike to this area - it is labeled with x-cross) and then price should go fast to the opposite side of the created structure. Indicator considers as a created structure everything that was created on the other side of the candles from the oldest pivot H/L which creates particular liquidity. For example, if liquidity is created with 3 pivot highs, indicator looks at the oldest pivot high and from there it is looking for the lowest low. Under this lowest low is dashed line which means that this level should be broken with closed candle. This action is called market structure shift (MSS), when the price shifted very fast from highs to lows. After MSS, when the price went fast to one direction, there were some imbalances in prices, in our example selling pressure was a lot bigger than buying pressure and there were created some long untested bearish candles. This untested areas in candles are called imbalances or gaps of fair value gaps (FVG). These are labeled with rectangles. It is expected that these gaps will be tested in near future to "balance the market".
We can put limit orders into these gaps (or into order blocks in PREMIUM indicator) and await some retracement after MSS to open our positions and after the positions are opened we can expect trend continuation in the direction where market structure shift was made (away from liquidity grab). So stoplosses can be placed above/below liquidity grab candle (marked with x-cross).
Alerts can be set for MSS to Long & Short and for liquidity grabs to Long & Short.
All settings of this indicator should be self-explanatory and most of them have tooltips for better understanding.
Imbalance Detector [LuxAlgo]This indicator detects and highlights market imbalances alongside a dashboard returning information about their frequency of occurrence and their fill percentage. Imbalances included in this script are Fair Value Gaps (FVG), Opening Gaps (OG) and Volume Imbalances (VI).
Alerts are available for the occurrences of all market imbalances.
Settings
Imbalances
Each imbalance has the same settings layout:
Imbalance: Enable/disable the detection of the specific imbalance.
Min Width: If enabled, requires the imbalance area width to be greater than the specified value. This minimum width can be expressed in points, percentages or ATR multiples.
Extend: Extend imbalances by a specified number of bars.
Dashboard
Show Dashboard: Enable/disable the dashboard on the chart.
Dashboard Location: Location of the dashboard on the chart.
Dashboard Size: Size of the dashboard.
Usage
Market imbalances are part of the many concepts available to price action traders and highlight areas where there is a disparity between supply and demand.
It is common to see price come back to these areas and traders often use them as supports and resistances but also as targets.
Details
The script can detect three distinct types of imbalances described below.
Fair Value Gaps
Fair Value Gaps (FVG) are three candle formations characterized by a gap between the wicks of the non-adjacent candles in the formation.
A bullish FVG is characterized by a gap between the current price low and the 2 bars anterior price high, and a bearish FVG is characterized by a gap between the current price high and the 2 bars anterior price low.
Opening Gaps
Opening Gaps (OG) are imbalances characterized by non-existent activity within a specific price range.
A bullish OG occurs when the current price low is greater than the previous high, a bearish OG occurs when price high is lower than the previous price low.
Opening Gaps primarily occur in closing markets, as such they are less common in the cryptocurrency market.
Most of the time an Opening Gap will also be accompanied by a Fair Value Gap, in order to avoid clutter the indicator will not detect Fair Value Gaps if Opening Gaps are enabled and if an Opening Gap has been detected
Volume Imbalances
Volume Imbalances (VI) are characterized by a price discontinuity between the opening price and previous close, but unlike Opening Gaps we do not see nonexistent activity within a certain price range.
A bullish VI occur when both the opening and closing prices are superior to the previous closing price, with the current price low overlapping the previous price high. A bearish VI occur when both the opening and closing prices are inferior to the previous closing price, with the current price high overlapping the previous price low.
Because Volume Imbalances can occur excessively on markets with frequent gaps, we make use of an additional condition for filtering out less significant imbalances. Bullish VI's will require the previous price high to be lower than the opening price, while bullish VI's will require the previous price low to be higher than the opening price.
ICT SM Trades (liquidity find & grab, MSS, FVG, killzones)Indicator looks for ICT & Smart Money trades on any timeframe. These types of trades reveal how the big institutions, banks and hedge funds trade with big money. If they want their very big positions to be filled they need to find areas in chart where the majority of the money is sitting. Where is it? Where is the majority of orders placed? Right below supports or right above resistance, these orders are stoplosses or stop orders. So they need to push the price to these areas, take all the available stoplosses and trigger all the available stop orders in order to fill their positions and then push the price to the opposite side to make profit (and retail to lose).
Indicator looks for support or resistance (S/R) areas which are represented by dotted lines. This S/R areas are created by minimum of 2 pivot high/low (H/L). Every pivot H/L that creates the S/R area is marked with diamond label. This S/R area is called liquidity. After liquidity is created, indicator looks for liquidity grab (mostly represented by fast spike to this area - it is labeled with x-cross) and then price should go fast to the opposite side of the created structure. Indicator considers as a created structure everything that was created on the other side of the candles from the oldest pivot H/L which creates particular liquidity. For example, if liquidity is created with 3 pivot highs, indicator looks at the oldest pivot high and from there it is looking for the lowest low. Under this lowest low is dashed line which means that this level should be broken with closed candle. This action is called market structure shift (MSS), when the price shifted very fast from highs to lows. After MSS, when the price went fast to one direction, there were some imbalances in prices, in our example selling pressure was a lot bigger than buying pressure and there were created some long untested bearish candles. This untested areas in candles are called imbalances or gaps of fair value gaps (FVG). These are labeled with rectangles. It is expected that these gaps will be tested in near future to "balance the market".
We can put limit orders into these gaps and await some retracement after MSS to open our positions and after the positions are opened we can expect trend continuation in the direction where market structure shift was made (away from liquidity grab). So stoplosses can be placed above/below liquidity grab candle (marked with x-cross).
In settings of the indicator you can set whether only long or only short trades will be shown. Long trades are green and short trades are red. You can set if fair value gaps will be shown as well. The last thing in settings is session. You can set custom session which will be shown as background color on your chart.
Automatic Closest FVG with BPRFair Value Gaps are a hugely popular concept and because of that there are numerous indicators available. This one however, was designed to automate the process of actually using them in trading.
Designed with lower time frame entries in mind (though will work on HTF just as well), this indicator automatically draws the closest, non-mitigated FVG, to the current price, cutting out the work of looking for what FVG is relevant.
The indicator also has an option to show when the current nearest pair of FVGs form a BPR or 'balanced price range'.
There are various option for what counts as mitigation, including no mitigation at all, and when mitigated an FVG is no longer considered for proximity searching.
ICT - GAPs and Volume Imbalance
GAPs
Gaps are areas on chart where the price have moved sharply up or down, with no trading in between. Gaps often fill, but they don't have to.
Volume Imbalance
Volume imbalance - determined using 2 candles
Bullish Volume Imbalance - area between the close of 1st candle and the open of 2nd candle
Bearish Volume Imbalance - area between the close of 1st candle and the open of 2nd candle
How to use the indicator:-
When you find imbalance in volume or a GAP in the chart, you may expect price to rebalance it before continuation.
Importantly, GAPs/Imbalances do not always fill. Traders should never assume that a gap/imbalance will fill without understanding the reasons for the gap and monitoring trading activity around the gap.
Pair it with your current bias for better results.
Sonarlab - Double Fair Value Gap (DFVG)The Double Fair Value Gap will give great zones where price in the future can react off. The script is Multi Timeframe. Of course the name says it already, the script basically searches for area's where a FVG gets rebalanced with another Fair Value Gap - a double fair value gap. Amazing for searching strong buying and selling pressure in the markets.
You can see below for example that price creates a Double Fair Value Gap and comes back to fill it.
You can customize the script how you like it, with the following settings and inputs:
Show double fair value gap
DFVG Lookback: {value}
Display Limit {value}
Colors: Bullish and Bearish DFVG
Extension
Extend to {recent or max}
Custom extension: {value}
Mitigation
Mitigated: {remove or stop}
Mitigation level {value %}
Customize Box Text
Premium Zone
Midline
Show midline
Styling settings
Alerts]
Bullish Alert
Bearish Alert
Bodies X Wix Version of Smart Money Tools by makuchaku & eFeThis is the same Script as Super Fair Value Gaps / FVG /BoS / by makuchaku & eFe. Mine Should Default to Large Text instead of small. The Super Order Blocks I believe was meant to for you to find one of the many Smart Money tools such as turn on the Fair Value gap but leave the others off, or Turn on where the Break of Structure and leave the others off. The reason I believe this is because the default values for each of the structures were default colored (green for positive and red for negative) for all.
Mine has a different Color for every possible structure. As long as you can read with the larger text that I added, then you can create your own boxes positive for break of structure, rejection block, order blocks and fair value gaps for any time frame. The reason I did that is because There's only certain things I believe I will need to mark for myself in each time frame, and then from there You can stretch iyour own box out further in time because if price touches a fair value gap for example, the fair value gap should conyinue in time until at least 2 candles have filed the Fair valu gap going both directions. That's truly when the fair value gap should is mitigated and will from off the chart. However, If I knew How to add the code for that, I would.
Additionally, I have the Max Boxes per chart, so you should have the ability to see every OB, FVG,RJB, & BoS on the chart
I tried my hardest to create a colored border that was different from the box. But the way the original was coded was almost impossible to do. Because they defined each of the structures (FVG, OB, BoS, RJB) outer levels, when the outer levels connect via math in the code, then it joins all the outside lines for a rectangle. When creating a box, the coloe will always be the same as the border unfortunately. (Unless I replan this from the beginning)
I also Changed the default labels for reach structure from a hard to read gray to a white that pops out.
Also, chart indicators are a little large as well. Such as the cross, sideways cross, The green Triangle, and the white Diamond. You'll get used to it or you can change it as well.
Creating videos for students, you need something they can see.
So, I just wanted to ensure everything was a little more unique and easily usable when showing this to my students when I send them private videos for our weekly lessons. I'm trying to learn how to use the IPFS for THAT, (which i see has invaded PineScript) Hope this indicator helps.
If you're to borrow this, Just make sure you keep the authors in the name makuchaku & efe
TradingWolf Smart Money
The TradingWolf Premium Smart Money Concept is a unique and enhanced selection of ideas designed to help give you an edge on the markets.
Within this one indicator you will have access to Fair Value Gap, Order Blocks, Break of Structure, Forecasting, Supply & Demand.
Below find each explanations on how to use each indicator
This script comes with the 'TradingWolf Premium' to get access, read the Author’s Instructions below.
There are extensive explanations on how to use this in our documentation on the website but we will give a simple overview here.
Order Blocks
There are several different ways people like to calculate order blocks, one of the ways we like is by using pivot points to identify levels of importance, from there we either highlight the highest/lowest closed candle or the wick. The user has the option to choose this in the settings.
As seen in the image above, you can see these levels are well respected and give people an opportunity to help where the market marker is placing their orders.
Fair Value Gaps
Fair value gaps can be a very useful concept in price action trading. They detect instances in which there are inefficiencies, or imbalances, in the market. In this case, we define imbalance as an instance in which buying and selling is not equal. This is often visualised as a large candle whose neighbouring candles’ wicks do not fully overlap the large candle. Below are a few examples of Fair Value Gap.
If price is in a downtrend and there is a fair value gap above, a trader might look to go short when that FVG fills. Inversely, if price is in an uptrend and there is a FVG below, a trader might look to go long when the FVG fills.
In this script we decided to highlight both types, one is simply marking up all technical FVGs which is the gap produced by the large candle, the other more commonly traded ones are market structure breaking ones.
These ones tend to be more respected so note they are highlighted in a separate colour to make them more visible.
If a FVG has been filled that box will dim away so it's not in your way.
ChoCh
‘Change of Character’ Hugely used by professional traders although they may not have heard of it called by this term. This is where price/market structure is trending in a certain direction but price starts to reverse.
This first happens when there is a break of structure, instead of another Lower High formed, price makes a Higher High like in the image above. This is where we highlight a break of structure or some people will just refer to this as the Choch line, once we have this we can look for an Order block / supply zone below to find an entry.
This is a hugely powerful tool dating back to one of the simplest and first concepts of trading where Market structure is King.
Peaks & Troughs
This tool helps you find potential reversal points in your support/resistance area, Simple candlestick patterns but incredibly powerful when used in confluence with our other tools.
Balanced Price Range (BPR)This script finds BPR's, which some simply refer to as a "double Fair Value Gap" (FVG). In a BPR, there is an overlapping vertical area between a recent bullish and bearish FVG. You may tune the parameters to filter out smaller FVG's or BPR's, as well as how far back the indicator must look to find a matching pair.
FVG / Imbalance ZONES (@JP7FX)Fair Value Gaps / Imbalance 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 create a zone.
Although the candle color will not change, the zone however will be removed when price has closed the Gap making it easier to look for the untouched Fair Value Gaps / Imbalance when opening the charts or changing between timeframes and allowing you to create your potential areas to trade from or areas to target.
You can set alerts for when a FVG / Imbalance zones are created and also for when the zone gets mitigated by price.
Hope you find it useful and happy safe trading :)
Market Structure BOS/CHOCH/MSB/FVG/OB/BB (Nephew_Sam_)This market structure indictor uses pivot points to find break of structure and change of character.
You can enable the options to find Fair Value Gaps, Breaker Blocks and Orderblocks too. The way this works is, once a bos/choch is found, it will loop back and find all fvg/ob/bb from that point until the previous pivot point.
Settings
Pivot strength - How many candles to the left/right requried to determine a swing high
Breakout Confitmation - The breakout candle should close under the previous pivot or the wick H/L should be under
Show xyz - show HH/LL, Break of structure and change of character
FVG/OB/BB - Show, bull/bear colors, extend boxes to the right, delete boxes once filled, fill type close or H/L
MTF Fair Value Gap Indicator ULTRAFVG Fair Value Gap Indicator
FVG's commonly known as Fair Value Gaps are mostly in use for forex trading, however it’s been widely used in price action trading, even on regular large cap stocks. Think of it as an imbalance area where the price of the stock may actually be under/over valued due to many orders being injected in a short amount of time, ie . a gap caused by an impulse created by the speed of the price movement. In essence, the FVG can become a kind of magnet drawing the price back to that level to attempt to balance out the orders (when? we don't know). Please do research to understand the concept of FVG's.
You can look for an opportunity as price approaches the FVG for entry either long/short because after all, it is an "Area of Interest" so the price will either bounce or blow through the area. No indicator works 100% of the time so take in context as just another indicator. It tends work on larger time frames best.
IMPORTANT TV RELATED LIMITATIONS: You should take the time to understand the following. A MAXIMUM of 500 boxes and labels are allowed, thus if you elect to display many different time frames of FVGs and/or select to not auto delete old Daily FVGs, the oldest FVGs will be deleted and not be seen. Additionally if you are on a smaller chart time frame (1 min), you may not see older FVGs such as Daily ones that occurred and still exist from long ago. This is due to TV limitation of 20,000 candles of history in each chart timeframe. Example: A 1 minute chart supports approximately 14 days worth of data so looking for Daily FVGs would only go back that far, whereas if your chart was set to 5 minutes you'd be able to see 5 times as many, ie . 60 days worth of Daily FVG's. Obviously setting your chart and looking for Daily FVG's would support up to 20,000 days worth.
The Indicator Provides many different features:
*Creation of FVG's for all hours or just during market hours. Currently you can enable FVG’s for the following timeframes: Current chart timeframe, 5Min, 10Min, 15Min, 1Hr, 4Hr, 8Hr, Daily, Weekly, Monthly.
*Text label displays overlaying FVG bands including creation timestamps.
* Bands reflecting FVG's in action (created/deleted) for the current chart time frame, 15min, 1hr, 4hr, 8hr and daily time frames. The FVG's will be overlayed on the chart if enabled.
*Mitigation Action - Normal - When FVG is balanced out by price action, the FVG will disappear. Dynamic - The FVG band will decrease as the price movement eats into it thus only showing the remaining imbalance. None - For those that wish to retain FVG's even if they were mitigated. Half - FVG’s disappear when the price intrudes 50% of the overall FVG band zone.
*Mitigation Type - The elimination or balancing of the FVG is caused by either the candle wick or body passing completely through the FVG.
*Maximum FVGs - A maximum number of FVGs are created for each different enabled time frame (be aware setting a large number could impact system performance).
*All FVG band colors can be customized by the user.
* All FVG bands auto extend to the right.
* Intrusion Alerts - Trading View alerts are supported. You can use the indicator settings to enable an alert if the price intrudes into the FVG zone by a certain percentage. This is not related to mitigation or removal of the FVG, just a warning that price has reached the area of interest.
Mark FVGsMark FVGs is marking FVG (stands for Fair Value Gap, other name is Imbalance or IMB) on your chart so that you can instantly detect them
It supports:
- marking bullish and bearish partly filled or unfilled FVGs of the current timeframe
- marking bullish and bearish already filled FVGs of the current timeframe
- marking bullish and bearish FVGs of the any 4 timeframes on your current timeframe
technically it re-builds them on the last bar or as soon as new realtime bar is updated. it looks with 1k bars back to find the nearest specific number of FGVs
Adjustments:
- changing the maximum number of FVGs to display.
- changing the color of FVG area
- displaying already filled FVG of the current time frame
- changing the mode of displaying area it can either extended or fixed width
- displaying labels of other time frame FVGs
Fair Value Gap [LuxAlgo]Fair value gaps (FVG) highlight imbalances areas between market participants and have become popular amongst technical analysts. The following script aims to display fair value gaps alongside the percentage of filled gaps and the average duration (in bars) before gaps are filled.
Users can be alerted when an FVG is filled using the alerts built into this script.
🔶 USAGE
In practice, FVG's highlight areas of support (bullish FVG) and resistances (bearish FVG). Once a gap is filled, suggesting the end of the imbalance, we can expect the price to reverse.
This approach is more contrarian in nature, users wishing to use a more trend-following approach can use the identification of FVG as direct signals, going long with the identification of a bullish FVG, and short with a bearish FVG.
🔹 Mitigation
By default, the script highlights the areas of only unmitigated FVG's. Users can however highlight the mitigation level of mitigated FVG's, that is the lower extremity of bullish FVG's and the upper extremity of bearish FVG's.
The user can track the evolution of a mitigated FVG's using the "Dynamic" setting.
🔹 Threshold
The gap height can be used to determine the degree of imbalance between buying and selling market participants. Users can filter fair value gaps based on the gap height using the "Threshold %" setting. Using the "Auto" will make use of an automatic threshold, only keeping more volatile FVG's.
🔶 DETAILS
We use the following rules for detecting FVG's in this script:
Bullish FVG
low > high(t-2)
close(t-1) > high(t-2)
(low - high(t-2)) / high(t-2) > threshold
Upper Bullish FVG = low
Lower Bullish FVG = high(t-2)
Bearish FVG
high < low(t-2)
close(t-1) < low(t-2)
(low(t-2) - high) / high < -threshold
Upper Bearish FVG = low(t-2)
Lower Bearish FVG = high
🔶 SETTINGS
Threshold %: Threshold percentage used to filter our FVG's based on their height.
Auto Threshold: Use the cumulative mean of relative FVG heights as threshold.
Unmitigatted Levels: Extent the mitigation level of the number of unmitigated FVG's set by the user.
Mitigation Levels: Show the mitigation levels of mitigated FVG's.
Timeframe : Timeframe of the price data used to detect FVG's.
ArtiumPro Main Market StructureThis indicator maps out Market Structure using real time price action rather than simply pulling "pivot" points. Use to see at a glance where a BOS or CHoCH has occurred and where the current and historic highs and lows are.
- M-BOS happens when a main break of structure occurs (trend continuation) the continuation of a bullish or bearish trend.
User setting change line style, color and transparency & turn off text, change text color and transparency
- M-CHoCH happens when a Change of Character occurs (trend change) this is the 1st sign of a possible change of the trend direction from bullish to bearish or bearish to bullish
User setting change line style, color and transparency & turn off text, change text color and transparency
- M-swh & M-swl are the current active unmitigated highs and lows
- User setting for M-swh & M-swl allows you to chose the amount of active highs / lows you want to see on the chart. this can be used at a glace to see where potential liquidity may be laying. If you only want to see the last most current
high an low you can turn on the "just last active" option box.
- User settings to turn on or off the old mitigated highs lows making it easy to see at a glance when old highs and lows have been broken or swept. The label for this is also customizable to user preference.
ICT FVG indicator [Focused Trader]This is simple fair value gap indicator. It draws FVG (fair value gaps) as boxes. If FVG is partially filled, it is also displayed and smaller size FVG is drawn. If FVG is filled totally, it is deleted from chart. There is limitation of 500 drawing objects for indicators on Tradingview, so keep in mind that this indicator will display only last 500 FVGs.
For simplicity, there is only one setting, which is coloring of FVGs. It is perhaps a good idea to lower your opacity (to about 10%) and choose color of FVG according to your preferences and current theme (dark or white).
Smart Money Concepts Premium (Expo)Are you a professional Smart Money Concept Trader?
█ This premium version of our SMC indicator includes all advanced Smart Money Concept Trading techniques. The indicator includes all the important concepts such as Market Structure, Change of Character, Current Trading Range, Premium & Discount , Fractals, and Swing Structure. The indicator includes the popular SMC Market Structure Trend to help traders analyze the trend.
In addition to these features, this version adds the following:
Multitimeframe option
Predicted Structure and Range
Backtesting option
External Range Liquidity
Internal Range Liquidity
Liquidity Grab
Fair Value Gap (FVG)
True Fair Value Gap
Imbalance
Order block
Orderflow
Supply & Demand
Equal Highs and Equal Lows
Point of Interest
An alert function that allows you to set any combination of alerts.
This indicator aims to be an all-in-one SMC indicator that helps Smart Money Traders automate their analyzes.
█ HOW TO USE
Use the indicator to trade advanced SMC Trading techniques.
█ Settings
The indicator is fully customized and can be adjusted to fit Swing Trading, Trend Trading, Day Trading, or Scalping.
The indicator works in any market and timeframe.
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Disclaimer
Copyright by Zeiierman.
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Extreme Bars"Extreme Bars" is a simple but useful indicator that marks overbought and oversold candles. This indicator paints candles that fall far above the average red, and the candles that rise above the average green. Of course, they can change these colors if they want. "Extreme Bars" can be interpreted in many different ways. The starting points of colored candles can often be good support or resistance. In addition, it would be wise to close the positions opposite the colored candles and to maintain the positions compatible with the colored candles. It is also possible that the gaps formed by the colored candles will be closed in the future. The sensitivity of the indicator can be changed in the settings section.
