Commencez

Gaps

XRS FVG Auto MitigateXRS FVG Auto Mitigate is a Fair Value Gap tool designed to detect bullish and bearish FVGs and visually track how much of each gap has been mitigated. The indicator marks new fair value gaps directly on the chart and displays a percentage label showing the current mitigation level. This makes it easier to see whether an FVG is untouched, partially filled, or mostly mitigated. Features include: • Bullish and bearish Fair Value Gap detection • Fixed-width FVG boxes • Halfway / 50% line inside each FVG • Live mitigation percentage label • Optional auto-removal when mitigation reaches a selected percentage • Custom number of active FVGs to keep on chart • Custom bullish and bearish fill/border colors • Hardened delete and array-sync logic for more stable long-running use This tool is useful for traders who use Fair Value Gaps, imbalances, mitigation, displacement, liquidity sweeps, and auction-market context. It can help identify potential reaction zones, partial fills, full mitigation areas, and areas where price may return to rebalance. This indicator does not provide automatic buy or sell signals. It is intended as a discretionary charting and confluence tool. Disclaimer: This script is for educational and informational purposes only and does not constitute financial advice. Trading involves risk. Use at your own discretion.
Indicateur Pine Script®
par xrstrading
Drendel GapsAutomatically detects, tracks, and draws overnight price gaps as support and resistance zones on your chart. A gap forms when a day's entire range opens above or below the prior day's close, leaving an unfilled "gap" in price. These unfilled gaps often act as magnets and as future support/resistance levels. This indicator finds them for you and manages each one through its full lifecycle. What it does Draws a box for every unfilled gap it detects Shrinks the box automatically as price partially fills the gap Recolors gaps as support or resistance once price comes back and touches the zone — filled-from-below up-gaps become support (green), filled-from-above down-gaps become resistance (red) Removes gaps once they fully fill or age past your look back window Shows the current day's gap in real time before the session closes, so you can see a developing gap as it happens (shown with a distinct dotted style) Settings Lookback Days / Gap Limit — control how far back gaps are tracked and the maximum number kept on the chart Gap Visibility — optionally hide gaps for certain symbol types or descriptions (e.g. leveraged or inverse ETFs where gap behavior is less meaningful). On by default for all symbols. Styling — fully customizable fill colors, borders, and border styles for standard, support, resistance, and current-day gaps Background The gap definition and methodology come from Nick Drendel. For a full explanation of how these gap zones work and how to trade them, watch: youtu.be Links Follow Nick on X: x.com Trading Community - Market Pulse: join.marketpulsetrader.com
Indicateur Pine Script®
par Nick_Drendel
2
Drendel_Gaps_LA Pine Script v6 library for detecting, tracking, and drawing overnight price gaps on a chart. The library identifies daily gaps (where a day's range opens entirely above or below the prior close), then manages each gap's full lifecycle automatically: it draws a box for every open gap, shrinks the box as price partially fills it, recolors it as support (filled up-gaps) or resistance (filled down-gaps) once price touches it, and removes it when the gap fully fills or expires. Gap detection and definition follow the methodology taught by Nick Drendel. It uses a map-based state system so gaps persist and update correctly across bars, with built-in limits on lookback period and total active gaps to keep performance manageable. Exported types gap — holds a single gap's state (direction, original/current bounds, touch status, expiration, box reference) gap_style — fill color, border color, border width, and border style for drawing Exported functions get_security_data — fetches the daily OHLC/time data needed for gap calculation calculate_gap — returns whether a gap up or gap down occurred add_gap — creates a new gap and adds it to the map process_gaps — checks existing gaps for fill/expiration and shrinks partially filled ones remove_oldest_gaps — trims the map to a maximum gap count draw_gap_boxes — draws and updates gap boxes, applying support/resistance recoloring create_update_gaps — convenience function that runs the full detect → add → trim → process pipeline in one call Usage Most users only need create_update_gaps and draw_gap_boxes. Call create_update_gaps on each bar to maintain the gap state, then draw_gap_boxes to render them. The lower-level functions are exposed for custom workflows.
Bibliothèque Pine Script®
par Nick_Drendel
Gap AnalysisDescription: This indicator automates the tracking of session gaps, providing real-time data on gap fills, historical context, and exhaustion risk. It is built specifically for day traders and swing traders who use gap-fill strategies during Regular Trading Hours (RTH). Core Functionality: The script captures the closing price (settle) of the previous RTH session and measures it against the open of the current RTH session. If a gap exceeds your minimum point threshold, it maps the gap zone on your chart and tracks price action against the settle line until the gap is filled. Key Features: Dynamic Fill Tracking: Monitors unfilled gaps bar-by-bar. It calculates the exact percentage of the gap filled and displays how many bars it took to reach completion. Exhaustion Risk Detection: Tracks consecutive gaps in the same direction. If the market gaps in the same direction three or more times consecutively, the script flags an "Elevated Exhaustion" risk on the display panel. Clean Chart Management: Automatically shades the gap zone and draws the target settle line. You can toggle a setting to instantly hide gaps once they are 100% filled, preventing chart clutter. Heads-Up Display Table: An on-chart dashboard provides immediate access to the current session's gap direction, fill status, specific target price, and elapsed time. Historical Gap Review: Displays up to 20 historical session gaps, allowing you to backtest how often and how quickly an asset fills its gaps. Integrated Alerts: Supports automated alerts for two conditions: when a new qualifying gap is formed at the session open, and the moment a gap is entirely filled. Configuration & Setup: RTH Session: Define your specific trading hours (default is 0830-1500 America/Chicago). The indicator requires this to accurately lock in the previous day's settle. Minimum Gap Size: Filter out market noise by setting a minimum point threshold. Gaps smaller than this value will be ignored. Visual Customization: Full control over bull/bear zone colors, line styles, text sizes, and table positioning. Usage Notes: This script relies on timeframe data to establish session boundaries. It is optimal for intraday timeframes (e.g., 1m, 5m, 15m, 1H).
Indicateur Pine Script®
par TatankaTrading
Sessions Suite [claysul]Sessions Suite plots market sessions, previous day/week/month levels, daily/weekly/monthly open prices, customizable open prices, day of the week separator, and 90m cycles. Every feature can be toggled independently, with full customization over session times, labels, lines, and colors. All session times use the America/New_York timezone and automatically adjust for daylight savings time. Sessions: - Shaded session boxes are drawn for up to 5 fully customizable sessions. Defaults include Asia (6:00–12:00 AM EST), London (12:00–6:00 AM), NY AM (6:00 AM–12:00 PM), NY PM (12:00–6:00 PM), and NY Lunch (off by default). Each session's name, time range, and color are editable. - Toggle session boxes on/off independently from lines and labels, allowing you to show only the high/low lines without the shaded boxes. - Toggle session borders on/off. - Optional max days limit to control how many days of session boxes are displayed. Session boxes toggled off, with high and low set to max 1 day: Mitigation: Session high/low lines extend forward until price mitigates/touches the level, or until end of day. - Option to extend unmitigated lines to the current bar, instead of stopping at EOD. - Option to remove mitigated lines entirely. When enabled, lines and their labels are deleted from the chart once price reaches the level. Session lines default to EOD: Unmitigated session lines extended to current bar: Mitigated lines removed (Extend Unmitigated Lines to Current Bar must be enabled): Session Lines: Horizontal lines drawn at each session's high and low. Customizable width, style (solid/dashed/dotted), and optional unified line color override if the user wants all lines to be one color. Optional max days limit to control how many days of lines and labels are displayed. Session Labels: Session labels mark the high and low of each session by default. There are 2 mode alignments: "Right of Line," where labels are placed on the right of high/low lines, or "Centered (Box)," where they are centered to the session box. Label placement can be set to "Above Line" (both labels above) or "Above / Below Line" (high labels above, low labels below). The user can choose to display high and low labels, high only, or low only. Label size is adjustable, and an optional unified color override if the user wants all labels to be one color. Labels to right of line: Labels centered to session box: Labels centered, high only placement: Session lines, no labels, no borders: Label placement set to above/below line: Previous Day, Week, and Month Levels: - PDH / PDL- Previous Day High and Low, drawn from the bar where the high/low occurred. - PD EQ- Previous Day Equilibrium (midpoint of PDH and PDL). - PWH / PWL- Previous Week High and Low. - PMH / PML- Previous Month High and Low. Each level can be turned on/off, and the option to change color and line style. All levels extend to the right with labels. Opening Prices: Horizontal lines are drawn at key opening prices: - Daily Open- resets each new trading day. - Weekly Open- resets each new week. - Monthly Open- resets each new month. - 3 Custom Opens- fully configurable by hour and minute (EST). Defaults: 09:30 (market open), 00:00 (midnight), and 16:00 (RTH market close). Each have options to customize color, style, and turn on/off. Day of Week Separator: Optional vertical separator lines at the start of each trading day with day-of-week labels (MON, TUE, WED, THU, FRI). Configurable label color, separator color, position (top/bottom), and number of days to display. 90 Minute Cycles: Shaded blocks that divides each of the four main sessions into 90 minute quarters based on Quarterly Theory: - Asia Q1–Q4 (Q1: 6:00 - 7:30 PM EST, Q2: 7:30 - 9:00 PM, Q3: 9:00 - 10:30 PM, Q4: 10:30 PM - 12:00 AM - London Q1–Q4 (Q1: 12:00 - 1:30 AM EST, Q2: 1:30 - 3:00 AM, Q3: 3:00 - 4:30 AM, Q4: 4:30 - 6:00 AM) - NY AM Q1–Q4 (Q1: 6:00 - 7:30 AM EST, Q2: 7:30 - 9:00 AM, Q3: 9:00 - 10:30 AM, Q4: 10:30 AM - 12:00 PM) - NY PM Q1–Q4 (Q1: 12:00 - 1:30 PM EST, Q2: 1:30 - 3:00 PM, Q3: 3:00 - 4:30 PM, Q4: 4:30 - 6:00 PM) Toggle all quarters on/off with a single checkbox. Each quarter's name, time range, and box color are individually customizable. Options to change label size and toggle on/off cycle borders, labels, and unified label color override. Optional max days limit to control how many days of cycles are displayed. Timeframe Awareness: The indicator automatically adapts to higher timeframes: - Intraday- shows everything: sessions, session lines, session labels, 90 minute cycles, PDH/PDL/PD EQ, PWH/PWL, PMH/PML, all opening prices, day of week separators, and custom opens. - Daily- shows PDH/PDL/PD EQ, PWH/PWL, PMH/PML, and Daily/Weekly/Monthly opens. - Weekly- shows Weekly and Monthly opens only. - Monthly- shows Monthly open only.
Indicateur Pine Script®
par claysul
24
Session Liquidity + FVG ToolkitSession Liquidity + FVG Toolkit is an all-in-one smart money concepts overlay designed for traders who want key intraday and higher-timeframe reference points directly on the chart. It includes: Fair Value Gaps (bullish and bearish) Optional extension of FVGs to the right Dynamic open-gap reduction as price partially fills the imbalance Automatic removal of fully filled gaps Minimum FVG size filter in ticks Centered FVG labels Custom daily time markers with adjustable time and color H4 swing highs and lows visible on any timeframe Asia session high and low London session high and low Broken level coloring before removal Full customization for colors, visibility, line style, and line width This script is built for traders who focus on liquidity, imbalances, higher-timeframe reaction levels, and session-based execution. Key Features Combines multiple tools into one chart overlay Helps identify liquidity levels across sessions Highlights unfilled price imbalances Keeps the chart cleaner by hiding filled or broken zones Works across different timeframes while preserving H4 references
Indicateur Pine Script®
par jonas0777
Fair Value Gap Rejection AlertsOverview The Fair Value Gap (FVG) Finder is a versatile Pine Script™ v6 indicator designed to identify price inefficiencies in the market, commonly known as Fair Value Gaps. These gaps represent areas where price has moved rapidly, leaving behind unbalanced regions that often act as support or resistance levels. This script highlights bullish (upward) and bearish (downward) FVGs as colored boxes on your chart, making it easy to spot potential reversal or continuation zones. Building on standard FVG concepts, this indicator includes advanced features like automatic rejection detection. A rejection occurs when price wicks into the FVG but closes outside it, signaling a potential bounce without filling the gap. Bullish rejections (support bounces) are marked with green upward triangles below the bar, while bearish rejections (resistance bounces) use red downward triangles above the bar. Only the first rejection per FVG is tagged to avoid clutter. The script also supports alerts for these rejections, allowing you to set up notifications in TradingView for timely trading decisions. Gaps are drawn for a user-defined length but can detect rejections and fills beyond the visible box if needed. Key Features FVG Detection: Automatically identifies bullish FVGs (green boxes) when there's an upward price gap exceeding the minimum size, and bearish FVGs (red boxes) for downward gaps. Rejection Logic: Detects wick-based rejections without gap filling. Bullish: Low enters the FVG but close is above. Bearish: High enters but close is below. Alerts: Separate alerts for bullish and bearish rejections, configurable via TradingView's alert system (use "alert() function calls only"). Visual Tags: Triangles mark rejection candles for quick visual confirmation. Customization: Inputs include gap length, minimum gap size (manual or ATR-based), option to show only the latest gap, and delete filled gaps. Style options for colors, label sizes, and more. Filling Mechanism: Optionally deletes boxes once price fully closes into the gap, indicating it's been mitigated. How to Use Add the indicator to your chart via TradingView's Pine Editor. Adjust inputs in the settings panel: Gap Length: Controls how far the box extends (default: 60 bars). Minimum Gap Size: Set manually or auto-adjust with ATR(14) for adaptive filtering. Only Show Latest Gap: Limits display to the most recent FVG. Delete Filled Gaps: Removes boxes after price fills them. Styles: Customize colors and label sizes for better visibility. Monitor the chart for FVG boxes. Watch for triangle shapes indicating rejections—these often signal entry points (e.g., buy on bullish rejection). Set up alerts: In TradingView, create alerts based on the indicator's "Bullish FVG Rejection" or "Bearish FVG Rejection" conditions. Best used on timeframes like 5M-1H for intraday trading, or higher for swing setups. Combine with other tools like volume or trend lines for confirmation. This indicator is inspired by Inner Circle Trader (ICT) and Smart Money Concepts (SMC) but includes original enhancements like per-gap rejection tracking to prevent multiple signals on the same zone. It does not guarantee profits and should be used as part of a broader strategy with proper risk management. No external dependencies or subscriptions required—fully self-contained in Pine Script™ v6.
Indicateur Pine Script®
par Resonant_Trader
Gap DetectorGap Detector — Multi-Timeframe Price Gap Scanner Automatically detects and visualizes all price gaps across any timeframe — Daily, Weekly, Monthly, or Intraday. 📊 What It Does This indicator identifies true price gaps where the current candle opens completely above (gap up) or below (gap down) the previous candle's range, with no price overlap between them. Gap Up (Bullish): Current candle's low > Previous candle's high Gap Down (Bearish): Current candle's high < Previous candle's low ✨ Key Features ✅ Auto-Detects Chart Timeframe — Works on any timeframe without manual selection (1min, 5min, 1H, 4H, Daily, Weekly, Monthly) ✅ Visual Gap Boxes — Green boxes for gap ups, red boxes for gap downs, drawn exactly across the gap zone ✅ Gap Size Labels — Shows gap percentage on each box for quick assessment ✅ Customizable Filters — Set minimum and maximum gap size % to filter noise ✅ Summary Statistics Table — Live count of bull gaps, bear gaps, and total gaps detected ✅ Pine Screener Compatible — Built-in signals for bulk scanning stocks with gaps ✅ Clean & Lightweight — No repainting, no lag, works on all markets (stocks, forex, crypto, indices) 🎯 Use Cases Day/Swing Trading: Identify gap fill opportunities on intraday and daily charts Earnings Plays: Track post-earnings gaps on daily/weekly timeframes Breakout Confirmation: Gaps often signal strong momentum or trend continuation Support/Resistance Zones: Unfilled gaps act as magnets for price action Multi-Timeframe Analysis: Scan 4H gaps, daily gaps, or weekly gaps depending on your strategy 🛠️ Settings Visibility Controls: Toggle bull gaps, bear gaps, labels, and summary table on/off independently Filter Settings: Min Gap Size (%) — Ignore gaps smaller than this threshold (default 0.1%) Max Gap Size (%) — Ignore abnormally large gaps like circuit breaker moves (default 5%) Style Customization: Gap box colors, border colors, and table position (Top Right, Top Left, Bottom Right, Bottom Left) 📈 How to Use with Pine Screener (TradingView Pro+) Add indicator to any chart and set your desired timeframe (e.g., 4H for intraday gaps) Open Pine Screener (bottom toolbar) Select Gap Detector indicator Choose Bull Gap Signal or Bear Gap Signal Set condition: Above → 0 Click Scan to find all stocks with gaps on current candle Screener Outputs: Bull Gap Signal = 1 → Gap up formed on current candle Bear Gap Signal = 1 → Gap down formed on current candle Signal = 0 → No gap on current candle 📌 Notes Gaps are detected based on previous candle close to current candle open — not wicks Works on all markets and instruments where gaps occur (stocks, forex, crypto, futures, indices) Signal plots appear in a separate pane below the chart for clean visualization Gap count resets when you reload the chart or change timeframes 💡 Pro Tips 4H Timeframe: Great for intraday gap trading on volatile stocks Daily Timeframe: Classic overnight gaps — ideal for gap fill strategies Weekly/Monthly Timeframe: Macro trend analysis and major support/resistance zones Combine with volume or momentum indicators for higher-probability setups Created for traders who need fast, reliable gap detection without manual scanning.
Indicateur Pine Script®
par barundutta895
PowerGaps - Multi-Timeframe Fair Value GapsPowerGaps — Multi‑Timeframe Fair Value Gap Engine PowerGaps is a precision‑built, multi‑timeframe Fair Value Gap (FVG) engine designed for traders who rely on clean, reliable market structure signals without noise, repainting, or clutter. It automatically detects and plots institutional FVGs from higher timeframes directly onto your current chart, giving you a clear view of premium/discount imbalances and liquidity inefficiencies that matter most. What PowerGaps Does • Scans four customizable timeframes (e.g., M5, M15, H1, H4) for valid bullish and bearish FVGs • Projects those HTF gaps onto any lower timeframe chart • Colors and labels each gap by timeframe for instant visual recognition • Tracks each gap until it is mitigated by wick touch, then automatically closes and removes it • Ensures no repainting, no duplicates, and no phantom gaps • Maintains perfect alignment across timeframes using a robust, cross‑TF‑safe architecture Why It’s Different PowerGaps is engineered with a strict validation and mitigation system that prevents the common issues seen in many FVG indicators: • No repeated stacking of the same gap • No gaps disappearing when switching timeframes • No false mitigation signals • No stale or corrupted objects left behind Every plotted gap is intentional, accurate, and actionable. Ideal For • ICT‑style traders • Liquidity and imbalance‑based strategies • HTF bias mapping • Scalpers who rely on HTF inefficiencies • Swing traders looking for clean continuation or reversal zones Inputs & Customization • Enable/disable each timeframe independently • Choose custom colors for bullish and bearish gaps • Full control over which timeframes you want projected onto your chart
Indicateur Pine Script®
par PowerEdgeTrader
Gap Tracker Indicator v5Gap Tracker Indicator - Description Purpose: The Gap Tracker identifies price gaps on charts and visualizes unfilled gap zones that may act as future support/resistance levels. What it shows: Gap zones as colored rectangles: Red boxes = bearish gaps (price gapped down, leaving unfilled space above) Green boxes = bullish gaps (price gapped up, leaving unfilled space below) How gaps form: A gap occurs when the opening price of one candle is significantly different from the closing price of the previous candle Common after weekends, holidays, or major news events when markets are closed Gaps create "empty" price zones with no trading activity Trading significance: Many traders believe gaps tend to "fill" eventually (price returns to the gap zone) Unfilled gaps can act as magnetic levels - price often revisits them Gap zones may provide support (bullish gaps) or resistance (bearish gaps) On your chart: Multiple red boxes show unfilled bearish gaps where price gapped down Green boxes show unfilled bullish gaps where price gapped up The indicator tracks these zones until price fills them completely Right side shows "GAP TRACKER" panel with active gaps: Aktywne (2), Zamknięte (9), Zakres 7d (168) Key insight: The concentration of unfilled gaps suggests potential magnetic zones where price may return for "gap fill" trades. Traders often use these levels for entries, exits, or stop placement.
Indicateur Pine Script®
par HubertLorenz
3
CME Gap Tracker [captainua]CME Gap Tracker - Advanced Gap Detection & Tracking System Overview This indicator provides comprehensive gap detection and tracking capabilities for both consecutive bar gaps and weekly CME trading session gaps. It automatically detects gaps, tracks their fill progress in real-time, provides detailed statistics, and includes backtesting features to validate gap trading strategies. The script is optimized for CME futures trading but works with any instrument, automatically handling ticker conversion between CME futures and spot markets. Gap Detection Types Consecutive Bar Gaps: Detects gaps between any two consecutive bars on the current timeframe. Two detection modes are available: - High/Low Mode: Detects gaps when current bar's low > previous bar's high (gap up) or current bar's high < previous bar's low (gap down). This is more sensitive and detects more gaps. - Close/Open Mode: Detects gaps when current bar's open > previous bar's close (gap up) or current bar's open < previous bar's close (gap down). This is more conservative. Weekly CME Gaps: Detects gaps between weekly trading sessions, specifically designed for CME futures markets. The script automatically detects the first bar of each new week and compares the current week's open with the previous week's close/high/low. This is particularly useful for tracking weekend gaps in CME futures markets where price can gap significantly between Friday close and Monday open. Smart Ticker Detection The script automatically converts between CME futures tickers (e.g., BTC1!, ETH1!) and spot tickers (e.g., BTCUSDT, ETHUSDT). When viewing a CME futures chart, it can automatically detect and use the corresponding spot ticker for gap analysis, and vice versa. This allows traders to: - View CME futures but track spot market gaps - View spot markets but track CME futures gaps - Manually override with custom ticker specification The ticker validation system uses caching to prevent race conditions during initial script load, ensuring reliable ticker resolution. Gap Filtering & Tolerance Static Tolerance: Set minimum and maximum gap sizes as percentages (default: show only gaps > 0.333% and < 100%). This filters out noise and focuses on significant gaps. Dynamic Tolerance: When enabled, tolerance is calculated dynamically based on ATR (Average True Range). The formula: Dynamic Tolerance = (ATR × ATR Multiplier / Close Price) × 100%. This adapts to market volatility - in volatile markets, only larger gaps are shown; in calm markets, smaller gaps are displayed. This is particularly useful for instruments with varying volatility. Absolute Size Filtering: In addition to percentage filtering, gaps can be filtered by absolute price size (e.g., show only gaps > $100). This is useful for instruments where percentage alone doesn't capture significance (e.g., high-priced stocks). Fill Confirmation System To reduce false gap closure signals, the script requires multiple consecutive bars to confirm gap closure. The default is 2 bars, but can be adjusted from 1-10 bars. Lower values (1) confirm faster but may produce false signals from temporary wicks. Higher values (3-5) reduce false fill signals but delay confirmation. This prevents temporary price spikes from triggering false gap closure alerts. Gap Fill Tracking The script tracks gap fill progress in real-time: - Fill Percentage: How much of the gap has been filled (0-100%) - Fill Speed: Whether fill is accelerating, decelerating, or constant - Time to Fill: For closed gaps, how many bars it took to fill - Fill Status: Unfilled, partially filled, or fully filled Visual Features Heatmap Colors: Gap colors can be adjusted based on gap size, with larger gaps appearing more intense and smaller gaps more faded. Adaptive Line Width: Line thickness automatically adjusts based on gap size, making larger gaps more prominent. Age-Based Coloring: Gaps can be color-coded by age, with newer gaps appearing brighter and older gaps more faded. Confluence Zones: Areas where multiple gaps overlap are highlighted with enhanced visuals, indicating stronger support/resistance zones. Gap Statistics A comprehensive statistics table provides: - Total gaps created, open, and closed - Fill rates by direction (up vs down) and size category (small, medium, large) - Average fill time, fastest fill, slowest fill - Oldest gap and oldest unfilled gap - Backtesting results: success rate, reversal rate, average move after fill - CME gap expiration statistics: Gaps expired unfilled (for Weekly CME gaps only) Statistics can be filtered by period (All Time, Last 100/500/1000/5000 bars) and can be reset via toggle button. Backtesting When enabled, the script tracks price movement after gap fills: - Price after fill: Captures price when gap closes - Move after fill: Percentage price movement after closure - Success/Reversal tracking: Determines if price continued in fill direction or reversed - Success rate: Percentage of gaps where price continued in fill direction This data helps validate gap trading strategies and understand gap fill behavior. Gap Re-opening Detection When enabled, the script detects when a previously filled gap reopens (price gaps back through the filled gap zone). This is useful for identifying when support/resistance levels break and can signal trend reversals. CME-Specific Features Monday Opening Volume Analysis: For Weekly CME gaps detected on Monday openings, the script tracks Monday opening volume relative to average volume. Higher Monday volume ratios indicate stronger gap significance. This ratio is integrated into gap strength calculations and can be displayed in gap labels. Gaps with Monday volume > 1.5x average receive priority score boosts. CME Gap Expiration Tracking: Weekly CME gaps that remain unfilled beyond a configurable threshold (default 1000 bars) are automatically marked as "expired" and tracked separately in statistics. This helps identify gaps that act as strong support/resistance levels and never fill. Expired gaps are displayed with special labeling and counted in the "Gaps Expired (CME)" statistic. CME Gap Priority Scoring Enhancement: The priority scoring system includes special boosts for CME gaps: - Monday gaps: +10 points (gaps detected on Monday openings) - High Monday volume gaps: +15 points (Monday volume ratio > 1.5x average) - Gaps at key weekly levels: +10 points (gaps aligning with previous week's high, low, or close within 0.5% tolerance) These enhancements help prioritize the most significant CME gaps for trading decisions. Custom Gap Zones Traders can manually mark custom gap zones by specifying top and bottom levels. These zones are tracked like automatically detected gaps, allowing traders to: - Mark historical gaps that weren't detected - Create support/resistance zones based on other analysis - Track specific price levels of interest Multi-Timeframe Support The script can detect gaps on higher timeframes simultaneously. For example, when viewing a 1-hour chart, it can also detect and display gaps from the weekly timeframe. This provides multi-timeframe context for gap analysis. Alert System Comprehensive alert system with multiple trigger types: - Gap Creation: Alert when new gaps are detected - Gap Closure: Alert when gaps are fully filled - Partial Fill: Alert when gaps reach specific fill percentages (e.g., 25%, 50%, 75%, 90%) - Approaching Closure: Alert when gaps reach high fill levels (e.g., 90%, 95%) before closing - Gap Re-opening: Alert when previously filled gaps reopen Alerts can be filtered to trigger only on Mondays (useful for CME weekly gaps) or any day. Filtering Options Gaps can be filtered by: - Fill Status: Show all, unfilled only, partially filled only, or fully filled only - Fill Percentage Range: Show gaps within specific fill percentage ranges - Gap Age: Show only gaps within specific age ranges (bars) - Gap Expiration: Automatically remove gaps older than specified number of bars (for Weekly CME gaps, uses separate CME expiration threshold) Performance & Safety The script includes several safety features: - Safe array operations to prevent index out-of-bounds errors - Memory leak prevention through proper visual object cleanup - Ticker validation caching to prevent race conditions - Week boundary detection for accurate CME gap identification - Fill confirmation system to reduce false signals - Monday opening volume analysis for CME gap strength assessment - CME gap expiration tracking with configurable thresholds - Priority scoring enhancement for Monday gaps, high Monday volume, and key weekly levels Usage Recommendations For CME Weekly Gaps: 1. Set "Gap Detection Type" to "Weekly CME" 2. View a CME futures chart (e.g., BTC1!) or enable auto-detect spot ticker 3. Set tolerance to filter gap size (default 0.333%) 4. Enable statistics to track fill rates 5. Configure alerts for gap creation/closure For Consecutive Bar Gaps: 1. Set "Gap Detection Type" to "Consecutive Bars" 2. Choose "High/Low" for more gaps or "Close/Open" for fewer gaps 3. Adjust tolerance based on instrument volatility 4. Enable fill confirmation (2-3 bars) for more reliable signals 5. Use filtering to focus on specific gap types For Gap Trading Strategies: 1. Enable backtesting to validate strategy performance 2. Review statistics to understand gap fill patterns 3. Use confluence zones to identify strong support/resistance 4. Configure alerts for gap events matching your strategy 5. Use custom zones to mark important levels Technical Details: • Pine Script v6 | Overlay indicator • Safe array operations with index validation • Memory leak prevention through proper object cleanup • Ticker validation caching for reliable ticker resolution • Works on all timeframes and instruments • Comprehensive edge case handling • Week boundary detection using ta.change(weekofyear) • Fill confirmation system with configurable bars For detailed documentation and usage instructions, see the script comments.
Indicateur Pine Script®
par captain_ua
Session Gap Fill [LuxAlgo]The Session Gap Fill tool detects and highlights filled and unfilled price gaps between regular sessions. It features a dashboard with key statistics about the detected gaps. The tool is highly customizable, allowing users to filter by different types of gaps and customize how they are displayed on the chart. 🔶 USAGE By default, the tool detects all price gaps between sessions. A price gap is defined as a difference between the opening price of one session and the closing price of the previous session. In this case, the tool uses the opening price of the first bar of the session against the closing price of the previous bar. A bullish gap is detected when the session open price is higher than the last close, and a bearish gap is detected when the session open price is lower than the last close. Gaps represent a change in market sentiment, a difference in what market participants think between the close of one trading session and the open of the next. What is useful to traders is not the gap itself, but how the market reacts to it. Unfilled gaps occur when prices do not return to the previous session's closing price. Filled gaps occur when prices come back to the previous session's close price. By analyzing how markets react to gaps, traders can understand market sentiment, whether different prices are accepted or rejected, and take advantage of this information to position themselves in favor of bullish or bearish market sentiment. Next, we will cover the Gap Type Filter and Statistics Dashboard. 🔹 Gap Type Filter Traders can choose from three options: display all gaps, display only overlapping gaps, or display only non-overlapping gaps. All gaps are displayed by default. An overlapping gap is defined when the first bar of the session has any price in common with the previous bar. No overlapping gap is defined when the two bars do not share any price levels. As we will see in the next section, there are clear differences in market behavior around these types of gaps. 🔹 Statistics Dashboard The Statistics Dashboard displays key metrics that help traders understand market behavior around each type of gap. Gaps: The percentage of bullish and bearish gaps. Filled: The percentage of filled bullish and bearish gaps. Reversed: The percentage of filled gaps that move in favor of the gap Bars Avg.: The average number of bars for a gap to be filled. Now, let's analyze the chart on the left of the image to understand those stats. These are the stats for all gaps, both overlapping and non-overlapping. Of the total, bullish gaps represent 55%, and bearish ones represent 44%. The gap bias is pretty balanced in this market. The second statistic, Filled, shows that 63% of gaps are filled, both bullish and bearish. Therefore, there is a higher probability that a gap will be filled than not. The third statistic is reversed. This is the percentage of filled gaps where prices move in favor of the gap. This applies to filled bullish gaps when the close of the session is above the open, and to filled bearish gaps when the close of the session is below the open. In other words, first there is a gap, then it fills, and finally it reverses. As we can see in the chart, this only happens 35% of the time for bullish gaps and 29% of the time for bearish gaps. The last statistic is Bars Avg., which is the average number of bars for a gap to be filled. On average, it takes between one and two bars for both bullish and bearish gaps. On average, gaps fill quickly. As we can see on the chart, selecting different types of gaps yields different statistics and market behavior. For example, overlapping gaps have a greater than 90% chance of being filled, whereas non-overlapping gaps have a less than 40% chance. 🔶 SETTINGS Gap Type: Select the type of gap to display. 🔹 Dashboard Dashboard: Enable or disable the dashboard. Position: Select the location of the dashboard. Size: Select the dashboard size. 🔹 Style Filled Bullish Gap: Enable or disable this gap and choose the color. Filled Bearish Gap: Enable or disable this gap and choose the color. Unfilled Gap: Enable or disable this gap and choose the color. Max Deviation Level: Enable or disable this level and choose the color. Open Price Level: Enable or disable this level and choose the color.
Indicateur Pine Script®
par LuxAlgo
9
Greer Gap# Greer Gap Indicator (No mitigation: i.e. removing false signals) ## Summary The **Greer Gap Indicator** identifies **Fair Value Gaps (FVGs)** and introduces specialized **Greer Bull Gaps (Blue)** and **Greer Bear Gaps (Orange)** to highlight high-probability trading opportunities. Unlike traditional FVG indicators, it avoids hindsight bias by not removing historical gaps based on future price action, ensuring transparency in signal accuracy. Built upon LuxAlgo’s FVG logic, it adds unique filtering: only the first Greer Gap after an opposite gap is plotted if its level (min for Bull, max for Bear) is not higher/lower than the previous Greer Gap of the same type, while all valid gaps are recorded for comparison. Traders can use these gaps as support/resistance or entry signals, customizable via timeframe, look back, and display options. ## Description This indicator detects and displays **Fair Value Gaps (FVGs)** on the chart, with a focus on specialized **Greer Gaps**: - **Bullish Gaps (Green)**: Areas where the low of the current candle is above the high of a previous candle (look back period), indicating potential upward momentum. - **Bearish Gaps (Red)**: Areas where the high of the current candle is below the low of a previous candle, indicating potential downward momentum. - **Greer Bull Gaps (Blue)**: A bullish gap that is above the latest bearish gap's max. Only the first such gap after a bearish gap is plotted if it meets criteria (not higher than the previous Greer Bull Gap's min), but all valid ones are recorded for comparison. - **Greer Bear Gaps (Orange)**: A bearish gap that is below the latest bullish gap's min. Only the first such gap after a bullish gap is plotted if it meets criteria (not lower than the previous Greer Bear Gap's max), but all valid ones are recorded. ## How It Works The script uses a dynamic look back period to detect FVGs. It maintains a record of all detected gaps and applies additional logic for Greer Gaps: - **Greer Bull Gaps**: Checks if the new bullish gap's min is above the latest bearish gap's max. Plots only if it's the first since the last bearish gap and its min is <= previous Greer Bull min (or first one). - **Greer Bear Gaps**: Checks if the new bearish gap's max is below the latest bullish gap's min. Plots only if it's the first since the last bullish gap and its max is >= previous Greer Bear max (or first one). - **Resets**: A new bearish gap resets the Greer Bull Gap flag, and a new bullish gap resets the Greer Bear Gap flag. ## How to Use - **Timeframe**: Set a higher timeframe (e.g., 'D' for daily) to detect gaps from that timeframe on the current chart. - **Look back Period**: Adjust to change gap detection sensitivity (default: 34). Use 2 if you want to compare to LuxAlgo - **Extend**: Controls how far right the gap boxes extend. - **Show Options**: Toggle visibility of all bullish/bearish gaps or Greer Gaps. - **Colors**: Customize colors for each gap type. - **Application**: Use Greer Gaps as potential support/resistance levels or entry signals, but combine with other analysis for confirmation. ## Originality and Credits This script is inspired by and builds upon the **"Fair Value Gap "** indicator by LuxAlgo (available on TradingView: ()). **Credits**: Thanks to LuxAlgo for the core FVG detection logic. **Significant Changes**: - Added **Greer Bull and Bear Gap** logic for filtered, directional gaps with reset mechanisms. - Introduced recording of all valid Greer Gaps without plotting all, to compare levels without hindsight bias. - **No mitigation/removal of gaps**: Unlike LuxAlgo's approach, which mitigates (removes or alters) gaps based on future price action (e.g., when filled), this can create a hindsight bias where incorrect signals disappear over time. If a signal is used for a trade and later removed due to new data, it doesn't reflect real-time performance accurately. The Greer Gap avoids this by using gap comparisons to validate signals without altering historical boxes, ensuring transparency in when signals were right or wrong.
Indicateur Pine Script®
par controllinghand
BornInvestor Gap Detector📈 BornInvestor Gap Detector The BornInvestor Gap Detector is a powerful visual tool for identifying and analyzing price gaps on any chart. It automatically detects up and down gaps, highlights them with customizable boxes, and offers detailed labeling and alerting functionality. 🔍 Key Features: Automatic Detection of bullish and bearish gaps based on customizable deviation settings. Visual Highlighting of gaps using colored boxes with optional trail length limitation. Gap Size Labels showing the percentage size of the gap, with the ability to display them only on the most recent N gaps. Alerts for: New gap appearance Gap fully or partially closed Price entering a gap zone (ideal for breakout/backfill strategies) Customizable Colors for up/down gap borders and backgrounds. Optional Message when no gaps are found on the current chart. 💡 Usefulness: Gaps are an edge. They frequently act as support or resistance—especially on the first retest—when aligned with high-volume areas or other key price zones. Many strong stock moves begin with gaps, a concept central to strategies like Episodic Pivots. This indicator helps you: Identify gaps as potential entry zones on secondary setups Quantify gaps via percentage size Filter gaps based on size to suit your specific trading approach Set alerts when price enters a gap or meets your custom criteria
Indicateur Pine Script®
par irishborninvestor
1
Range Bar Gaps DetectorRange Bar Gaps Detector Overview The Range Bar Gaps Detector identifies price gaps across multiple range bar sizes (12, 24, 60, and 120) on any trading instrument, helping traders spot potential support/resistance zones or breakout opportunities. Designed for Pine Script v6, this indicator detects gaps on range bars and exports data for use in companion scripts like Range Bar Gaps Overlap, making it ideal for multi-timeframe gap analysis. Key Features Multi-Range Gap Detection: Identifies gaps on 12, 24, 60, and 120-range bars, capturing both bullish (gap up) and bearish (gap down) price movements. Customizable Sensitivity: Includes a user-defined minimum deviation (default: 10% of 14-period SMA) for 12-range gaps to filter out noise. 7-Day Lookback: Automatically prunes gaps older than 7 days to focus on recent, relevant price levels. Data Export: Serializes up to 10 gaps per range (tops, bottoms, start bars, highest/lowest prices, and age) for seamless integration with overlap analysis scripts. Debugging Support: Plots gap counts and aggregation data in the Data Window for easy verification of detected gaps. How It Works The indicator aggregates price movements to simulate higher range bars (24, 60, 120) from a base range bar chart. It detects gaps when the price jumps significantly between bars, ensuring gaps meet the minimum deviation threshold for 12-range bars. Gaps are stored in arrays, serialized for external use, and pruned after 7 days to maintain efficiency. Usage Add to your range bar chart (e.g., 12-range) to detect gaps across multiple ranges. Use alongside the Range Bar Gaps Overlap indicator to visualize gaps and their overlaps as boxes on the chart. Check the Data Window to confirm gap counts and sizes for each range (12, 24, 60, 120). Adjust the "Minimal Deviation (%) for 12-Range" input to control gap detection sensitivity. Settings Minimal Deviation (%) for 12-Range: Set the minimum gap size for 12-range bars (default: 10% of 14-period SMA). Range Sizes: Fixed at 24, 60, and 120 for higher range bar aggregation. Notes Ensure the script is published under your TradingView username (e.g., GreenArrow2005) for use with companion scripts. Best used on range bar charts to maintain consistent gap detection. For advanced overlap analysis, pair with the Range Bar Gaps Overlap indicator to highlight zones where gaps from different ranges align. Ideal For Traders seeking to identify key price levels for support/resistance or breakout strategies. Multi-timeframe analysts combining gap data across various range bar sizes. Developers building custom indicators that leverage gap data for advanced charting.
Indicateur Pine Script®
par GreenArrow2005
Time-Based Fair Value Gaps (FVG) with Inversions (iFVG)Overview The Time-Based Fair Value Gaps (FVG) with Inversions (iFVG) (ICT/SMT) indicator is a specialized tool designed for traders using Inner Circle Trader (ICT) methodologies. Inspired by LuxAlgo's Fair Value Gap indicator, this script introduces significant enhancements by integrating ICT principles, focusing on precise time-based FVG detection, inversion tracking, and retest signals tailored for institutional trading strategies. Unlike LuxAlgo’s general FVG approach, this indicator filters FVGs within customizable 10-minute windows aligned with ICT’s macro timeframes and incorporates ICT-specific concepts like mitigation, liquidity grabs, and session-based gap prioritization. This tool is optimized for 1–5 minute charts, though probably best for 1 minute charts, identifying bullish and bearish FVGs, tracking their mitigation into inverted FVGs (iFVGs) as key support/resistance zones, and generating retest signals with customizable “Close” or “Wick” confirmation. Features like ATR-based filtering, optional FVG labels, mitigation removal, and session-specific FVG detection (e.g., first FVG in AM/PM sessions) make it a powerful tool for ICT traders. Originality and Improvements While inspired by LuxAlgo’s FVG indicator (credit to LuxAlgo for their foundational work), this script significantly extends the original concept by: 1. Time-Based FVG Detection: Unlike LuxAlgo’s continuous FVG identification, this script filters FVGs within user-defined 10-minute windows each hour (:00–:10, :10–:20, etc.), aligning with ICT’s emphasis on specific periods of institutional activity, such as hourly opens/closes or kill zones (e.g., New York 7:00–11:00 AM EST). This ensures FVGs are relevant to high-probability ICT setups. 2. Session-Specific First FVG Option: A unique feature allows traders to display only the first FVG in ICT-defined AM (9:30–10:00 AM EST) or PM (1:30–2:00 PM EST) sessions, reflecting ICT’s focus on initial market imbalances during key liquidity events. 3. ICT-Driven Mitigation and Inversion Logic: The script tracks FVG mitigation (when price closes through a gap) and converts mitigated FVGs into iFVGs, which serve as ICT-style support/resistance zones. This aligns with ICT’s view that mitigated gaps become critical reversal points, unlike LuxAlgo’s simpler gap display. 4. Customizable Retest Signals: Retest signals for iFVGs are configurable for “Close” (conservative, requiring candle body confirmation) or “Wick” (faster, using highs/lows), catering to ICT traders’ need for precise entry timing during liquidity grabs or Judas swings. 5. ATR Filtering and Mitigation Removal: An optional ATR filter ensures only significant FVGs are displayed, reducing noise, while mitigation removal declutters the chart by removing filled gaps, aligning with ICT’s principle that mitigated gaps lose relevance unless inverted. 6. Timezone and Timeframe Safeguards: A timezone offset setting aligns FVG detection with EST for ICT’s New York-centric strategies, and a timeframe warning alerts users to avoid ≥1-hour charts, ensuring accuracy in time-based filtering. These enhancements make the script a distinct tool that builds on LuxAlgo’s foundation while offering ICT traders a tailored, high-precision solution. How It Works FVG Detection FVGs are identified when a candle’s low is higher than the high of two candles prior (bullish FVG) or a candle’s high is lower than the low of two candles prior (bearish FVG). Detection is restricted to: • User-selected 10-minute windows (e.g., :00–:10, :50–:60) to capture ICT-relevant periods like hourly transitions. • AM/PM session first FVGs (if enabled), focusing on 9:30–10:00 AM or 1:30–2:00 PM EST for key market opens. An optional ATR filter (default: 0.25× ATR) ensures only gaps larger than the threshold are displayed, prioritizing significant imbalances. Mitigation and Inversion When price closes through an FVG (e.g., below a bullish FVG’s bottom), the FVG is mitigated and becomes an iFVG, plotted as a support/resistance zone. iFVGs are critical in ICT for identifying reversal points where institutional orders accumulate. Retest Signals The script generates signals when price retests an iFVG: • Close: Triggers when the candle body confirms the retest (conservative, lower noise). • Wick: Triggers when the candle’s high/low touches the iFVG (faster, higher sensitivity). Signals are visualized with triangular markers (▲ for bullish, ▼ for bearish) and can trigger alerts. Visualization • FVGs: Displayed as colored boxes (green for bullish, red for bearish) with optional “Bull FVG”/“Bear FVG” labels. • iFVGs: Shown as extended boxes with dashed midlines, limited to the user-defined number of recent zones (default: 5). • Mitigation Removal: Mitigated FVGs/iFVGs are removed (if enabled) to keep the chart clean. How to Use Recommended Settings • Timeframe: Use 1–5 minute charts for precision, avoiding ≥1-hour timeframes (a warning label appears if misconfigured). • Time Windows: Enable :00–:10 and :50–:60 for hourly open/close FVGs, or use the “Show only 1st presented FVG” option for AM/PM session focus. • ATR Filter: Keep enabled (multiplier 0.25–0.5) for significant gaps; disable on 1-minute charts for more FVGs during volatility. • Signal Preference: Use “Close” for conservative entries, “Wick” for aggressive setups. • Timezone Offset: Set to -5 for EST (or -4 for EDT) to align with ICT’s New York session. Trading Strategy 1. Macro Timeframes: Focus on New York (7:00–11:00 AM EST) or London (2:00–5:00 AM EST) kill zones for high institutional activity. 2. FVG Entries: Trade bullish FVGs as support in uptrends or bearish FVGs as resistance in downtrends, especially in :00–:10 or :50–:60 windows. 3. iFVG Retests: Enter on retest signals (▲/▼) during liquidity grabs or Judas swings, using “Close” for confirmation or “Wick” for speed. 4. Session FVGs: Use the “Show only 1st presented FVG” option to target the first gap in AM/PM sessions, often tied to ICT’s market maker algorithms. 5. Risk Management: Combine with ICT concepts like order blocks or breaker blocks for confluence, and set stops beyond FVG/iFVG boundaries. Alerts Set alerts for: • “Bullish FVG Detected”/“Bearish FVG Detected”: New FVGs in selected windows. • “Bullish Signal”/“Bearish Signal”: iFVG retest confirmations. Settings Description • Show Last (1–100, default: 5): Number of recent iFVGs to display. Lower values reduce clutter. • Show only 1st presented FVG : Limits FVGs to the first in 9:30–10:00 AM or 1:30–2:00 PM EST sessions (overrides time window checkboxes). • Time Window Checkboxes: Enable/disable FVG detection in 10-minute windows (:00–:10, :10–:20, etc.). All enabled by default. • Signal Preference: “Close” (default) or “Wick” for iFVG retest signals. • Use ATR Filter: Enables ATR-based size filtering (default: true). • ATR Multiplier (0–∞, default: 0.25): Sets FVG size threshold (higher values = larger gaps). • Remove Mitigated FVGs: Removes filled FVGs/iFVGs (default: true). • Show FVG Labels: Displays “Bull FVG”/“Bear FVG” labels (default: true). • Timezone Offset (-12 to 12, default: -5): Aligns time windows with EST. • Colors: Customize bullish (green), bearish (red), and midline (gray) colors. Why Use This Indicator? This indicator empowers ICT traders with a tool that goes beyond generic FVG detection, offering precise, time-filtered gaps and inversion tracking aligned with institutional trading principles. By focusing on ICT’s macro timeframes, session-specific imbalances, and customizable signal logic, it provides a clear edge for scalping, swing trading, or reversal setups in high-liquidity markets.
Indicateur Pine Script®
par BigGuavaTrading
2
Gaps EnhancedThis advanced gap detection tool identifies and visualizes price gaps on trading charts, helping traders spot potential support/resistance levels and trading opportunities. 🔲 Components and Features Visual gap boxes with directional coloring Dynamic labels showing key price levels Smart sorting of nearest gaps Customizable appearance Key Features Gap Visualization Colored boxes (orange for support, green for resistance) Dashed lines marking gap boundaries Right-aligned price labels Smart Gap Table Shows 5 most relevant open gaps Sorted by proximity to current price Displays required move percentage to fill each gap Customization Options Adjustable gap size threshold Color customization Label positioning controls Table location settings How To Use Basic Interpretation Orange boxes: Price gaped up might come back (support zones) Green boxes: Price gaped down price might come back to close the gap (resistance zones) The table shows how much the price needs to move to fill each gap (as percentage) Trading Applications Look for price reactions near gap levels Trade bounces off support/resistance gaps Watch for gap fills as potential trend continuation signals Use nearest gaps as profit targets Settings Guide Minimal Deviation: Set minimum gap size Max Number of Gaps: Limits how many gaps are tracked Visual Settings: Customize colors and label positions Table Position: Choose where the info table appears Pro Tips Combine with other indicators for confirmation Watch for volume spikes at gap levels Larger gaps often act as stronger S/R
Indicateur Pine Script®
par RomanStingler
2
Gap Down Reversal Strategy█ STRATEGY OVERVIEW The "Gap Down Reversal Strategy" capitalizes on price recovery patterns following bearish gap-down openings. This mean-reversion approach enters long positions on confirmed intraday recoveries and exits when prices breach previous session highs. This strategy is NOT optimized. █ What is a Gap Down Reversal? A gap down reversal occurs when: An instrument opens significantly below its prior session's low (price gap) Selling pressure exhausts itself during the session Buyers regain control, pushing price back above the opening level Creates a candlestick with: • Open < Prior Session Low (true gap) • Close > Open (bullish reversal candle) █ SIGNAL GENERATION 1. LONG ENTRY CONDITION Previous candle closes BELOW its opening price (bearish candle) Current session opens BELOW prior candle's low (gap down) Current candle closes ABOVE its opening price (bullish reversal) Executes market order at session close 2. EXIT CONDITION A Sell Signal is generated when the current closing price exceeds the highest high of the previous seven bars (`close > _highest `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position. █ PERFORMANCE OVERVIEW Ideal Market: High volatility instruments with frequent gaps Key Risk: False reversals in sustained downtrends Optimization Tip: Test varying gap thresholds (1-3% ranges)
Stratégie Pine Script®
par Botnet101
Fair Value Gap [by Oberlunar]Fair Value Gap This indicator is designed to identify and display Fair Value Gaps (FVG) on the price chart. Fair Value Gaps are areas between candles where the price lacks continuity, leaving a "gap" that can serve as a reference point for price retracements. These zones are often considered important by traders as they represent market imbalances that tend to be "mitigated" (i.e., filled or tested) over time. Purpose of Publication This indicator addresses a common gap in FVG indicators. Most existing FVG indicators do not visually distinguish between mitigated (touched) FVGs and those that remain intact. With this indicator: Mitigated FVGs are clearly displayed with distinct colors, allowing traders to identify which zones have been partially or fully filled by the price. Unmitigated FVGs remain prominent, representing potential points of interest. Key Features Identification of Fair Value Gaps: A Bullish FVG (upward gap) forms when the high of the three previous candles (candle -3) is lower than the low of the next candle (candle -1). A Bearish FVG (downward gap) forms when the low of the three previous candles (candle -3) is higher than the high of the next candle (candle -1). Dynamic Coloring: Unmitigated FVGs are highlighted with specific colors: green for Bullish and red for Bearish gaps. When an FVG is "touched" by the price (i.e., mitigated), the color changes: Yellow-green for mitigated Bullish FVGs. Purple for mitigated Bearish FVGs. Handling Mitigated FVGs: When an FVG is touched by the price, it is visually updated with a different color. An option can be enabled to "shrink" the mitigated zone, adjusting the box to reflect the remaining untested portion of the gap. Customization: Configure the maximum number of FVGs to display on the chart. Set specific colors for mitigated and unmitigated FVGs. Choose whether to automatically shrink mitigated zones. How to Identify Support and Resistance Levels Support: Bullish FVGs represent potential support levels, as they indicate areas where the price might return to seek liquidity or fill the imbalance. An FVG that is repeatedly touched without being fully filled becomes a significant support zone. Resistance: Bearish FVGs represent potential resistance levels, indicating zones where the price might stall or reverse direction. Why a Repeatedly Mitigated FVG is Significant When an FVG is touched or mitigated multiple times, it means the market recognizes that area as significant. This can happen for several reasons: Accumulation or Distribution: Institutional traders may use these zones to accumulate or distribute positions without causing excessive market movement. Presence of Liquidity: FVGs often represent areas with pending orders (stop-losses, limit orders), and the price revisits these zones to seek liquidity. Market Equilibrium: When an FVG is repeatedly filled, it indicates the market's attempt to balance a demand-supply imbalance. This makes the zone an important level to monitor for potential breakouts or reversals.
Indicateur Pine Script®
par oberlunar_tr
9