FVG Reversal Sentinel

il y a 3 jours

FVG Reversal Sentinel
A Fair Value Gap (FVG) is an area on a price chart where there is a gap between candles. It indicates an imbalance in the market due to rapid price movement. It represents untraded price levels caused by strong buying or selling pressure.

FVGs are crucial in price action trading as they highlight the difference between the current market price of an asset and its fair value. Traders use these gaps to identify potential trading opportunities, as they often indicate areas where the market may correct itself.

This indicator will overlap multiple timeframes FVGs over the current timeframe to help traders anticipate and plan their trades.

Features

1. Up to 5 different timeframes can be displayed on a chart
   
2. Hide the lower timeframes FVGs to get a clear view in a custom timeframe
   
3. Configurable colors for bullish and bearish FVGs
   
4. Configurable borders for the FVG boxes
   
5. Configurable labels for the different timeframes you use
   
6. Show or hide mitigated FVGs to declutter the chart
   
7. FVGs are going to be displayed only when the candle bar closes
   
8. FVGs are going to be mitigated only when the body of the candle closes above or below the FVG area
   
9. No repainting
   

Settings
TIMEFRAMES

This indicator provides the ability to select up to 5 timeframes. These timeframes are based on the trader's timeframes including any custom timeframes.

• Select the desired timeframe from the options list
  
• Add the label text you would like to show for the selected timeframe
  
• Check or uncheck the box to display or hide the timeframe from your chart
  

FVG SETTINGS

Control basic settings for the FVGs

• Length of boxes: allows you to select the length of the box that is going to be displayed for the FVGs
  
• Delete boxes after fill?: allows you to show or hide mitigated FVGs on your chart
  
• Hide FVGs lower than enabled timeframes?: allows you to show or hide lower timeframe FVGs on your chart. Example - You are in a 15 minutes timeframe chart, if you choose to hide lower timeframe FVGs you will not be able to see 5 minutes FVG defined in your Timeframes Settings, only 15 minutes or higher timeframe FVGs will be displayed on your chart
  

BOX VISUALS

Allows you to configure the color and opacity of the bullish and bearish FVGs boxes.

• Bullish FVG box color: the color and opacity of the box for the bullish FVGs
  
• Bearish FVG box color: the color and opacity of the box for the bearish FVGs
  

LABELS VISUALS

Allows you to configure the style of the boxes labels

1. Bullish FVG labels color: the color for bullish labels
   
2. Bearish FVG labels color: the color for bearish labels
   
3. Labels size: the size of the text displayed in the labels
   
4. Labels position: the position of the label inside the FVGs boxes (right, left or center)
   

BORDER VISUALS

Allows you to configure the border style of the FVGs boxes

• Border width: the width of the border (the thickness)
  
• Bullish FVG border color: the color and the opacity of the bullish box border
  
• Bearish FVG border color: the color and the opacity of the bearish box border
  

Once desired settings have been achieved, the settings can be saved as default from the bottom left of the indicator settings page for future use.

hier

Notes de version

Fixed a bug affecting FVGs mitigation

hier

Notes de version

Minor changes