PROTECTED SOURCE SCRIPT
Updated Fair Value Gap by Anche
Indicator 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
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
Release Notes
remove box transparency input, since it already can be defined when choosing a color for the fvgRelease Notes
fixed a bug where bearish FVGs weren't removed while the setting was set to 0.5 fillRelease Notes
NEW FEATURES- when FVGs get partially filled, the filled part changes color
- added FVG EQ line
both features can be visually styled
Release Notes
removed borders around boxesProtected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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usdt trc20 TSUTzbvtaQU395SJmZBz4tiQ2WC31uUEAF
usdt trc20 TSUTzbvtaQU395SJmZBz4tiQ2WC31uUEAF
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
if u appreciate my work, buy me a cookie
usdt trc20 TSUTzbvtaQU395SJmZBz4tiQ2WC31uUEAF
usdt trc20 TSUTzbvtaQU395SJmZBz4tiQ2WC31uUEAF
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.