Fair Value Gap Finder with Integrated Gann Box

23 déc. 2023

Title: Fair Value Gap Finder with Integrated Gann Box Analysis

Description:

The "Fair Value Gap Finder with Integrated Gann Box Analysis" is a unique technical indicator designed for traders who wish to incorporate the concepts of Fair Value Gaps (FVG) and Gann Box methodologies into their trading strategy. This tool is beneficial for both trend-following and scalping techniques across various markets and timeframes.

Functionality:

The indicator identifies Fair Value Gaps, which are areas on the chart where price has skipped a range, creating a 'gap'. Recognizing these zones can be crucial for understanding potential price support and resistance areas. Alongside FVG detection, this script employs Gann Box principles to project potential levels of interest. Gann Boxes are drawn automatically when an FVG is identified, providing additional insights based on W.D. Gann's theories, which relate to time and price symmetry.

Usage:

Upon detecting an FVG, the indicator will highlight the gap on the chart and overlay a Gann Box between the high and low points of the gap. Traders can use these zones to make informed decisions about entry and exit points, stop loss, and take profit levels. The script offers customization options for the appearance and behavior of the FVG boxes and Gann Lines, allowing users to adapt the tool to their preferences.

Originality:

What sets this indicator apart is the integration of FVG with Gann Box levels within a single tool, streamlining the analysis process. It takes the classic approach of identifying gaps and enriches it with the geometric significance of Gann's work, all while allowing users to visualize and interact with these levels in a user-friendly manner.

Open-Source Nature:

This script is open-source, making it a transparent solution for those who wish to understand the underlying calculations. While not all traders are versed in Pine Script, the logic of identifying FVGs and applying Gann Box levels is explained through the script's annotations and the user interface itself.

Instructions for Use:

Apply the script to your chart, and it will automatically detect FVGs.
Adjust the settings in the indicator's input menu to match your trading style and preferences.
Use the FVG and Gann Box levels as potential areas of interest for trade setups.
This script does not guarantee profits and should be used as part of a comprehensive trading plan. It is best used in conjunction with other analysis methods to confirm signals and strategies.

26 déc. 2023

Notes de version

Update Notice: Enhanced Fair Value Gap Detection

We've refined the logic of our Fair Value Gap (FVG) indicator to be more attuned to the latest market dynamics. This update reduces the Exponential Moving Average (EMA) period from 20 to 5, substantially increasing the indicator's responsiveness to rapid price movements.

27 déc. 2023

Notes de version

Release Notes:
Update Notice: Enhanced Fair Value Gap Detection + Inclusion of Higher Timeframe FVGs

Our latest update brings significant enhancements to the "FVG w/ Gann Box inside" indicator, tailored to accommodate the evolving patterns and volatility in the markets. The key improvements include:

Customizable FVG Sensitivity: Users can now adjust the minimum gap size required for an FVG to be recognized, allowing for a tailored approach to market volatility and personal trading strategies.

EMA Flexibility: The Exponential Moving Average (EMA) calculation period has been modified to offer user-defined settings, providing greater adaptability to different market conditions and timeframes.

Inclusion of Higher Timeframe FVGs: This update introduces the ability to overlay 1-minute FVGs onto lower timeframe charts, offering a more comprehensive market view and the potential for stronger signal confluence.

Improved Visual Customization: Enhanced user control over the appearance of FVG boxes and Gann Box levels, including color schemes and label options, for a more personalized and clearer analysis.

These updates are designed to empower traders with more precise and configurable tools for identifying and reacting to fair value opportunities in the market.

2 janv.

Notes de version

Release Notes: Optimizing Fair Value Gap (FVG) Detection

In our continuous effort to improve the precision and utility of the FVG indicator, we've identified that the incorporation of the Exponential Moving Average (EMA) in the detection algorithm sometimes resulted in missed FVG opportunities. After thorough analysis and user feedback, we've decided to remove the EMA condition from the current FVG detection process.

This update aims to capture all potential FVGs, ensuring no critical market signals are overlooked. We believe this adjustment will provide a more comprehensive view of market gaps and enhance decision-making for our users. We are exploring advanced methodologies for incorporating EMA in the future that can complement FVG detection without compromising on the accuracy.

We appreciate your understanding and encourage you to share your experiences following this update, as your input is vital for our ongoing development.

7 janv.

Notes de version

New Release: Enhanced Fair Value Gap Detection & Gann Level Price Beta

Major Improvements in FVG Detection
After extensive testing and refinement, we're thrilled to announce significant improvements in our Fair Value Gap (FVG) detection. Our latest update brings a more accurate and responsive FVG detection mechanism, ensuring you don't miss critical market movements. This enhancement is the result of multiple days of rigorous testing and fine-tuning, aimed at providing you with the most reliable and actionable data.

Introducing Gann Level Price (Beta)
In our continuous effort to provide you with valuable trading tools, we're excited to introduce a beta feature: Gann Level Price. This new feature displays the price levels for Level 2 and Level 3 of the Gann Box. Currently, we've positioned these price labels at the top and bottom of the Gann Box for optimal visibility. While we're still fine-tuning the user interface for this feature, we believe it will add significant value to your trading analysis. Please note, this feature is optional and is turned off by default.

Looking Ahead
We are committed to continuously improving and expanding the capabilities of our tools. As we refine the Gann Level Price feature and its user interface, we look forward to your feedback. Your insights are invaluable to us in making our tools more effective and user-friendly.

Thank You
A big thank you to our community for your ongoing support and feedback. It's your insights and suggestions that drive our developments and improvements. Stay tuned for more updates and enhancements coming your way!

12 janv.

Notes de version

Release Notes:
New Release: Advanced Market Structure Analysis & EQH/EQL Line Drawing

Major Enhancements in Market Structure Analysis
We're excited to unveil major enhancements in our market structure analysis tool. With meticulous testing and refinement, this update introduces advanced indicators for Higher High (HH), Higher Low (HL), Lower Low (LL), and Lower High (LH) formations. These new features are designed to provide a deeper understanding of market trends, helping you make more informed trading decisions.

Introducing Line Drawing for Equal Highs and Lows
Our latest update includes a highly-requested feature for drawing lines at Equal Highs and Equal Lows. This addition allows traders to visually track and analyze critical price levels with greater ease and precision.

Fractal Indicators and Broken Structure Information
We've also integrated fractal indicators into our tool, along with detailed information on Break of Structure (BOS) and Market Structure Shift (MSS). These new components are crucial for identifying key turning points and shifts in market momentum.

Looking Ahead
We are continually striving to enhance the functionality and user experience of our tools. Your feedback is invaluable in this journey, and we look forward to hearing your thoughts on these new features.

Thank You
We extend our heartfelt thanks to our dedicated community for your continuous support and valuable input. Your insights are the driving force behind our ongoing improvements. Stay tuned for more updates!

17 janv.

Notes de version

Release Notes: Minor Update - Enhanced Visualization and Extended FVG Functionality

New Customization Features for EQH and EQL
We're excited to announce a minor yet impactful update to our trading tool. Based on user feedback, we've implemented new customization options for Equal Highs (EQH) and Equal Lows (EQL). Users can now select distinct colors and adjust the line width for EQH and EQL, enhancing visibility and personalizing the chart to better suit individual preferences.

Extended FVG on Sub-One Minute Timeframes
In our ongoing efforts to provide more versatile and practical tools, we've updated the High Time Frame (HTF) or 1-minute Fair Value Gap (FVG) feature. Traders can now extend FVG boxes for a specified number of candles directly on their charts. This enhancement is particularly beneficial for analysis on lower timeframes (under 1 minute), allowing for more precise and actionable insights in fast-moving markets.

Please Note:

• The new extension feature for HTF FVG will only be functional on timeframes lower than 1 minute.
  
• This update is aimed at providing greater control and adaptability in response to our community's valuable suggestions.
  

Thank You for Your Feedback
Your feedback is essential in shaping our tools. This update is a direct result of your suggestions and our commitment to enhancing your trading experience. As always, we appreciate your continued support and look forward to bringing more improvements in the future.

Stay tuned for upcoming features and enhancements!