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FVG Breakout/Breakdown

The FVG Breakout/Breakdown indicator is designed to identify potential breakout and breakdown opportunities in the market, based on the concept of Fair Value Gaps (FVGs). FVGs are areas where price moves too quickly, leaving behind gaps between candlesticks, often seen as areas of inefficiency or imbalance that the market tends to revisit.
Key Concepts:
Fair Value Gaps (FVG):
FVG occurs when a price gap is created between candlesticks, typically when the high of one candle is lower than the low of the previous candle (for a bearish FVG) or the low of one candle is higher than the high of the previous candle (for a bullish FVG).
These gaps represent an imbalance between buying and selling pressure, and the market often revisits them, making them valuable for identifying potential entry points.
Bullish FVG: This occurs when the low of the current candle is higher than the high of the previous candle.
Condition: low[1] > high[3]
Bearish FVG: This occurs when the high of the current candle is lower than the low of the previous candle.
Condition: high[1] < low[3]
Breakout/Breakdown Signals:
Breakout: A bullish breakout signal occurs when the price breaks above a defined resistance level after an FVG gap. This suggests that the market may continue moving higher.
Breakdown: A bearish breakdown signal occurs when the price breaks below a defined support level after an FVG gap. This suggests that the market may continue moving lower.
NWOG (New Week Opening Gap):
The NWOG can be used as an additional factor to confirm the FVG signal. The gap between Friday's close and Monday's open is a crucial level for identifying the start of a new move for the week.
NWOG helps to further refine the timing of breakout or breakdown signals, only triggering them when price moves relative to the Monday Open and shows a new direction.
Key Concepts:
Fair Value Gaps (FVG):
FVG occurs when a price gap is created between candlesticks, typically when the high of one candle is lower than the low of the previous candle (for a bearish FVG) or the low of one candle is higher than the high of the previous candle (for a bullish FVG).
These gaps represent an imbalance between buying and selling pressure, and the market often revisits them, making them valuable for identifying potential entry points.
Bullish FVG: This occurs when the low of the current candle is higher than the high of the previous candle.
Condition: low[1] > high[3]
Bearish FVG: This occurs when the high of the current candle is lower than the low of the previous candle.
Condition: high[1] < low[3]
Breakout/Breakdown Signals:
Breakout: A bullish breakout signal occurs when the price breaks above a defined resistance level after an FVG gap. This suggests that the market may continue moving higher.
Breakdown: A bearish breakdown signal occurs when the price breaks below a defined support level after an FVG gap. This suggests that the market may continue moving lower.
NWOG (New Week Opening Gap):
The NWOG can be used as an additional factor to confirm the FVG signal. The gap between Friday's close and Monday's open is a crucial level for identifying the start of a new move for the week.
NWOG helps to further refine the timing of breakout or breakdown signals, only triggering them when price moves relative to the Monday Open and shows a new direction.
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开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。