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FVG ST/RE Detector(v1.0.73)

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FVG ST/RE Detector
The FVG ST/RE Detector is a powerful technical analysis tool designed to identify market structure and potential trading opportunities through Fair Value Gaps (FVG), Structure Transitions (ST), and Re-entries (RE).

What This Indicator Does:
This indicator identifies and displays:

Fair Value Gaps (FVG): Areas where price has moved so quickly that it has left an imbalance in the market. These gaps represent potential areas where price may return to in the future.

Structure Transitions (ST): Points where the market structure changes from bearish to bullish or vice versa, signaling a potential trend change.

Re-entries (RE): Opportunities to enter the market in the direction of the prevailing trend after a pullback.

Leg Lines: Horizontal lines representing key structural movements in the market, helping traders visualize the market structure more easily.

How It Works:
The indicator detects FVGs when price moves rapidly, creating gaps in market value.
ST points are identified when the direction of FVGs changes from bearish to bullish or vice versa.
RE points are identified when a new FVG forms in the same direction after a pullback.
The indicator tracks and displays the number of consecutive leg lines in the current trend direction.
Key Features:
Customizable colors for bullish and bearish patterns
Optional display of ST and RE labels
Adjustable leg lines with multiple style options
Statistics panel showing the number of legs in the current direction
Alert system for new leg formations
Mitigation tracking to identify when FVGs have been filled
How to Use This Indicator:
Look for ST points to identify potential trend changes
Use RE points to find potential entries in the direction of the prevailing trend
Monitor the number of legs to gauge trend strength
Use FVGs as potential support and resistance areas
Set alerts to be notified of new leg formations
This indicator is suitable for all timeframes and markets, and can be used as part of a comprehensive trading strategy.

本指标的功能:
该指标识别并显示:

公平价值缺口 (FVG):价格快速移动以至于在市场中留下不平衡区域的区间。这些缺口代表价格未来可能回归的潜在区域。

结构转换 (ST):市场结构从看跌转变为看涨或相反的点位,预示潜在的趋势变化。

重新进入 (RE):在回调后沿着主导趋势方向进入市场的机会。

趋势腿线:代表市场中关键结构移动的水平线,帮助交易者更容易地可视化市场结构。

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.