OPEN-SOURCE SCRIPT
BPR (Ballanced price range) Detector
How This BPR Detector Works
This indicator is designed to detect and visualize balanced price ranges (BPRs) on price charts. The indicator has two main components:
Regular FVG Detection - The indicator first detects regular Fair Value Gaps in price action, which are spaces where price has moved quickly leaving a gap. This is necessary because BPRs are derived from regular FVGs.
BPR Detection - When the price action inverts and moves through a regular FVG in the opposite direction, the indicator identifies this as a BPR. This concept is important in Inner Circle Trader (ICT) methodology as it can signal potential changes in trend direction. Additionally the detection logic is refined by incorporating displacement.
The main functionality preserved includes:
Detection of regular FVGs (required to find BPRs)
Conversion of regular FVGs to BPRs when price moves through them creating a FVG in the opposite direction
Visual display of both FVG and BPR zones
Mitigation tracking for both types of imbalances
Displacement visualization that helps identify energetic price moves
Key Settings
FVG Settings - Control the appearance and behaviour of regular Fair Value Gaps
BPR Settings - Control the appearance of Breaker Price Ranges (which have different colours by default)
Mitigation Settings - Define how the indicator determines when an imbalance has been filled
Displacement Settings - Optional highlighting of energetic price moves that may lead to imbalances
This indicator is designed to detect and visualize balanced price ranges (BPRs) on price charts. The indicator has two main components:
Regular FVG Detection - The indicator first detects regular Fair Value Gaps in price action, which are spaces where price has moved quickly leaving a gap. This is necessary because BPRs are derived from regular FVGs.
BPR Detection - When the price action inverts and moves through a regular FVG in the opposite direction, the indicator identifies this as a BPR. This concept is important in Inner Circle Trader (ICT) methodology as it can signal potential changes in trend direction. Additionally the detection logic is refined by incorporating displacement.
The main functionality preserved includes:
Detection of regular FVGs (required to find BPRs)
Conversion of regular FVGs to BPRs when price moves through them creating a FVG in the opposite direction
Visual display of both FVG and BPR zones
Mitigation tracking for both types of imbalances
Displacement visualization that helps identify energetic price moves
Key Settings
FVG Settings - Control the appearance and behaviour of regular Fair Value Gaps
BPR Settings - Control the appearance of Breaker Price Ranges (which have different colours by default)
Mitigation Settings - Define how the indicator determines when an imbalance has been filled
Displacement Settings - Optional highlighting of energetic price moves that may lead to imbalances
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。