Intermediate Term High - High that has short term high on either of it's side.
Intermediate Term Low - Low that has short term low on either of it's side.
The indicator also marks Fair Value Gaps which is a very important concept in price action trading. FVGs are formed when there is ineffeciency,or imbalance, in the market.
This super indicator is a Swiss army knife for Smart Money traders for OrderBlocks / FVG / BoS
It provides many options for drawing (non-repainting) boxes for OrderBlocks, Fair Value Gaps (FVG) and Break of Structures. The boxes are extended into the future, until the first retest/mitigation.
Some of the additional options (not explained in the diagrams above)
This simple tool will allow you to quickly see where there is imbalance in the market.
Options to either keep or remove mitigated imbalances, as well as a display limit so your chart doesn't get cluttered.
well load in 2 FVG indicators one for current chart then one for MTF of interest.
Higher timeframe FVGs are more important and can be used for bias or even targets for internal liquidity.
big thanks @shanxia for basically re-doing the FVGs into arrays hehehe..
Can now delete mitigated or change mitigated color..
I dont know who uses extensions but if you want to...
This indicator displays the Fair Value Gap of the current timeframe and an additional higher timeframe. For each FVG the gaps act as targets creating bullish and bearish gaps that are often filled.
Delete Old On Fill
Label FVG Timeframe
Enabling the MTF Options will allow the user to use...
For my own trading use, mainly a collection of some existing indicators, I spent some time integrating them, which includes harmonic signals, TD signals, Vegas channels and some order flow trading tools, again I didn't invent these indicators, I just did an integration job.
Many thanks to @HeWhoMustNotBeNamed, @makuchaku for the open source scripts and libs!
Fractal Break Imbalance / Fair Value Gap (FVG) / Liquidity Void
Order imbalances in either direction, either excess buy or sell orders, reduce liquidity. The market will seek to fill gaps sooner or later. The script marks an imbalance / FVG after a fractal break. It also marks any other imbalance.
Green - Imbalance after fractal break to...
Calculates Fair Value Gap (FVG) as a counter and plots it below price.
FVG Counter value resets to +ve or -ve once the FVG counter reverses direction.
Use this script to find a bias to trade with.
Best used on HTF (like 1W, 1D), so the bias can be transferred to LTF (like 4H, 1H).
If you end up using this script, please leave a comment below on how you used it. I...
I would like to present you ICT Fair Value Gap script. The idea is the same as in my other script to look form imbalances. I have improved the previous script from teaching of ICT and created this script to train the eye to see those gaps. Shrinking option also shows if the gap has been already filled and also in case gap is filled you can get...
Change the colors of the indicator to contrast your chart! Make sure to also change the transparency for the colors.
This indicator finds fair value gaps which are inefficiencies in price delivery. Gaps can be used for entry or even bias.
I've included midpoints, lines, and boxes. Boxes have the greatest range with respect to historic PA so keep that in mind....