OPEN-SOURCE SCRIPT
Inversion Gaps
Mis à jour
An inverted fair value gap (FVG) occurs when candles start closing below a bullish FVG or above a bearish FVG and in this case, support FVGs become resistances and vice versa. This is a smart money concept introduced by ICT. While we a number of have indicators for FVGs, we don't have any for inversion FVGs. This indicator is just for that - it shows FVGs only after they're inverted.
The meat of it comes from being able to plot HTF inverted FVGs in LTF. In the above BTC chart, you can see M15 inverted FVGs plotted on M1 chart and you can see price respecting them. Mitigations can also be shown as lines (as you can see in the chart).
You can also setup alerts for formation and mitigation of such inversion FVGs.
The meat of it comes from being able to plot HTF inverted FVGs in LTF. In the above BTC chart, you can see M15 inverted FVGs plotted on M1 chart and you can see price respecting them. Mitigations can also be shown as lines (as you can see in the chart).
You can also setup alerts for formation and mitigation of such inversion FVGs.
Notes de version
Minor fixes: Padding line now goes with HTF, pip filter works as expected, retest of inverted FVGs trigger only when the FVG is breachedNotes de version
Fix calculation that affects monthly chartNotes de version
Fix pip filter calculationNotes de version
Switch to reusing inverted FVGs and get rid of retest lines as it results in a lot of retests and triggers too many alerts.Notes de version
Minor fixes and update chartScript open-source
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