The HTF Fair Value Gap indicator aims to display the exact time/price locations of fair value gaps within a higher user-selected chart timeframe.
🔶 USAGE
The indicator can be used to detect higher time frame fair value gaps. Detected historical HTF FVG are displayed as changes in chart background colors, with a green color indicating a bullish FVG and red a bearish FVG.
The most recent HTF FVG is displayed as a candle to the right of the most recent price candle. Dashed lines indicate the exact location of the FVG upper and lower extremities.
The wicks of the FVG candle indicate the price deviation from the FVG extremities after its formation and can help determine where the FVG is located within a trend.
A "Status" dashboard is included to indicate if the FVG is mitigated or not. This is also indicated by the border of the FVG candle, with a solid border indicating an unmitigated FVG.
🔶 SETTINGS
Timeframe: Chart timeframe used to retrieve the fair value gaps
🔹Style
Offset: Offset to the right (in bars) of the FVG candle from the most recent bar.
Width: Width (in bars) of the FVG candle.
🔹Dashboard
Show Dashboard: Determine whether to display the dashboard or not.
@dkradhika, Pls. I need more explanation on this indicator. Can you do a video to explain more. You have said the mitigated means when a target is reached or when a risk is reduced but I need more explanation on how to use this particular indicator, Pls
store6152
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Acces please
johnbarman
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Very nice. Other timeframe will be added soon or will remain 1D only?
sollay
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Please, explain more about mitigation and unmitigation on the chart