ICT MTF FVG [MK]

FVGs (Fair Value Gaps) are significant levels that may act as support or resistance to price. The script finds FVGs as per ICT trading system, then plots the full FVG to the right side of the chart. FVG boxes do not change size when they are semi-mitigated as its important to know where the original FVG midpoint lies. Plotting to the right side of price allows for a cleaner chart. The script is MTF and can display FVG boxes for the following timeframes. Chart, 5,10,15,30,1hr,4hr,8hr,12hr,D,W,M.

Below shows 1hr FVGs marked out. NOTE: this is not what the script does, this is for explanation only.

Below shows what the script will do. 1hr FVGs shown on 15min chart

Release Notes

Update to keep FVG boxes to right of price.

Release Notes

Label color option added

Release Notes

Corrected Bear FVG color input label

Release Notes

updated FVG detection logic. previously, FVGs containing volume imbalances were not detected

added visibility settings for main FVGs. Now for example, you can choose to only show Daily FVGs on 1hr TF...or 1hr FVGs on 5 min TF etc.

added a MTF FVG which displays through the price chart. This gives the option of displaying two different FVGs on the same chart which don't overlap each other.

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

malk1903

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.

Open-source script

For quick access on a chart, add this script to your favorites — learn more here.

malk1903