OPEN-SOURCE SCRIPT
ICT iFVG Detector and Alert [by ote618]
Description
This script detects ICT - fair value gaps (FVG) formed by price gaps between Candle 1 and Candle 3, then monitors the next 5 candles for an inverse fair value gap (iFVG).
What It Detects
Bullish FVG: When Candle 1 high is below Candle 3 low (BISI)
Bearish FVG: When Candle 1 low is above Candle 3 high (SIBI)
Once an FVG is detected, the script checks the next 5 candles:
A Bullish FVG becomes a Bearish IFVG if price closes below Candle 1 high
A Bearish FVG becomes a Bullish IFVG if price closes above Candle 1 low
Only the first bar that validates the FVG triggers the transition to an IFVG.
Visual Output
A shaded rectangle is plotted to mark the original FVG zone (from Candle 1 to Candle 3)
Color-coded:
Red for Bearish IFVG (validated Bullish IG)
Green for Bullish IFVG (validated Bearish IG)
The rectangle extends from Candle 1 to the validating bar
Alerts
You can receive alerts when an FVG becomes an IFVG:
Configurable to fire only on selected timeframes (1m, 5m, 15m, 60m)
Alerts include the direction and the chart timeframe
Settings
Enable Alerts For Timeframe: Choose which timeframe(s) trigger alerts
This tool helps traders identify inverse FVGs (iFVG), a useful ICT concept.
This script detects ICT - fair value gaps (FVG) formed by price gaps between Candle 1 and Candle 3, then monitors the next 5 candles for an inverse fair value gap (iFVG).
What It Detects
Bullish FVG: When Candle 1 high is below Candle 3 low (BISI)
Bearish FVG: When Candle 1 low is above Candle 3 high (SIBI)
Once an FVG is detected, the script checks the next 5 candles:
A Bullish FVG becomes a Bearish IFVG if price closes below Candle 1 high
A Bearish FVG becomes a Bullish IFVG if price closes above Candle 1 low
Only the first bar that validates the FVG triggers the transition to an IFVG.
Visual Output
A shaded rectangle is plotted to mark the original FVG zone (from Candle 1 to Candle 3)
Color-coded:
Red for Bearish IFVG (validated Bullish IG)
Green for Bullish IFVG (validated Bearish IG)
The rectangle extends from Candle 1 to the validating bar
Alerts
You can receive alerts when an FVG becomes an IFVG:
Configurable to fire only on selected timeframes (1m, 5m, 15m, 60m)
Alerts include the direction and the chart timeframe
Settings
Enable Alerts For Timeframe: Choose which timeframe(s) trigger alerts
This tool helps traders identify inverse FVGs (iFVG), a useful ICT concept.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.