OPEN-SOURCE SCRIPT

FVG [hatefbw]

57
Overview
This indicator is a modified version of the Luxalgo group’s FVG indicator. It introduces an additional feature designed to help traders filter only the strongest Fair Value Gaps (FVGs).

How it works
A new option called “Confirm Third Closed Body” has been added to the settings.
When enabled, the indicator only highlights FVGs where the close of the third candle is above the shadow of the second candle.
Such FVGs are generally considered more reliable and stronger in price action analysis.

Usage

Enable the Confirm Third Closed Body option if you want to filter weaker FVGs and focus only on the most valid ones.

Keep the option disabled if you wish to view all standard FVGs.

This tool is particularly useful for traders who prefer additional confirmation before taking trades based on FVG setups

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