Vasyl Ivanov | FVG, imbalance

2024年9月17日

Fair Value Gap (FVG) / Imbalance Indicator

This indicator is specifically designed to help traders detect Fair Value Gaps (FVG) and Imbalance in the market, highlighting key areas where price action may return to "fill the gap" or restore balance. Additionally, it detects strong FVG scenarios, where Break of Structure (BoS) intersects with an FVG, giving traders an extra level of insight.

Key Features:

• Fair Value Gap (FVG) Detection:
  The indicator identifies FVGs, which occur when the price leaves an unfilled gap between two bars. These gaps often act as key price targets for future market action, providing potential entry or exit points.
  
  
• Imbalance Detection:
  Imbalances occur when there is a discrepancy between buying and selling pressure, leaving price gaps that the market often seeks to fill. This feature highlights these imbalances on the chart.
  
  
• Strong FVG Highlighting:
  A Strong FVG is marked when there’s an intersection between a Break of Structure (BoS) and an FVG. This situation is highlighted with a distinct color, drawing attention to areas of higher importance where both a BoS and FVG are present, signaling potential significant price moves.

How It Works:
The FVG / Imbalance Indicator scans price action for gaps where price moves too quickly, leaving areas of imbalance:

• Fair Value Gaps (FVG) are detected when price leaves a gap, signaling potential levels where the price may retrace.
  
• Imbalance is identified when buying and selling pressure is uneven, leading to unfilled gaps in price action.
  
• Strong FVG detection combines FVG with BoS, highlighting critical zones where price is likely to react significantly due to a structural shift and a gap in price action.
  

Use Cases:

• Gap Trading: Use the FVG indicator to identify potential levels where the market may return to fill the gap, offering valuable entry and exit points.
  
• Detecting Imbalance: Spot areas of price imbalance, which can act as magnets for price retracements.
  
• Key Reversal Zones: Strong FVGs highlight potential reversal or continuation points where both a BoS and FVG intersect, making these zones crucial for high-probability trading opportunities.

Why It’s Unique:
This indicator goes beyond basic FVG and imbalance detection by introducing Strong FVGs, offering traders an advanced tool to identify crucial market zones where structural changes and gaps intersect. The distinct color for Strong FVGs ensures traders don’t miss these high-impact areas.

2024年9月23日

版本注释

Added multi-timeframe support. Build FVGs on up to 4 timeframes on the same chart

2024年9月23日

版本注释

Changed default values for easier start

2024年9月25日

版本注释

Improved multi-timeframe calculations for long periods

2024年10月13日

版本注释

Added option 'Remove overlapped FVG'

2024年10月30日

版本注释

Improved the BoS detection algorithm based on the new Extremums detection.

2024年11月2日

版本注释

Fixed a bug for historical bars

2024年11月8日

版本注释

Added Internal BoS option

2024年11月12日

版本注释

Improved distance on which to hide FVG's

2024年11月12日

版本注释

Improved another script issue

1月15日

版本注释

Optimized calculations

1月16日

版本注释

Prevent calculations out of barstate.isconfirmed

7月25日

版本注释

Improved extremums detection

7月25日

版本注释

One more fix for extremums detection

7月26日

版本注释

improved searching of a first extremum