FVG Sessions [LuxAlgo]

2023年5月4日

The FVG Sessions indicator highlights the first fair value gap of the trading session as well as the session range. Detected fair value gaps extend to the end of the trading session.

Alerts are included on the formation of a session fair value gap, price being within a session fair value gap, mitigations, and price crossing session fair value gaps average.

🔶 USAGE



Trader ICT states that the first fair value gap of the trading session can attract the most significant reaction. Having only one FVG per session allows users to further focus on that precise imbalance as well as external elements.



The mitigation of a fair value gap is clearly indicated on the chart with a more transparent color allowing users to see inverse FVGs.



Extending the fair value gaps allows the imbalance area to provide potential support and resistance.

Do note that this script should be used on intraday charts.

🔶 ALERTS

The script includes the following alerts:

🔹 Bullish/Bearish FVG

Alerts on the formation of the first bullish or bearish FVG of the session.

🔹 Bullish/Bearish FVG Mitigation

Alerts when the first bullish or bearish FVG of the session is mitigated.

🔹 Price Within FVG

Alerts when price is within the first bullish or bearish FVG area of the session.

🔹 Price Cross FVG Average

Alerts when price cross the average level of the first bullish or bearish FVG of the session.