OPEN-SOURCE SCRIPT
Fair Value Gap (FVG) by AlgoMaxx
Fair Value Gap (FVG) by AlgoMaxx
Advanced Fair Value Gap (FVG) detector with dynamic support/resistance lines. This professional-grade tool helps traders identify and track important market inefficiencies through Fair Value Gaps.
Features:
• Auto-detection of bullish and bearish FVGs
• Dynamic dotted extension lines for latest FVGs
• Smart gap filtering system
• Color-coded visualization
• Customizable parameters
• Clean, optimized code
Key Functions:
• Detects imbalance zones between candlesticks
• Marks FVGs with color-coded boxes
• Extends dotted lines for active reference levels
• Automatically updates with new gap formations
• Tracks gap fills in real-time
Inputs:
• Lookback Period: Historical gaps to display
• Minimum Gap Size %: Filter for gap significance
• Bullish/Bearish Colors: Visual customization
• Show Filled Gaps: Toggle filled gap visibility
Practical Applications:
1. Support/Resistance Levels
2. Mean Reversion Trading
3. Trend Continuation Setups
4. Market Structure Analysis
5. Price Action Trading
Usage Tips:
• Higher timeframes (1H+) provide more reliable signals
• Multiple FVGs in one zone indicate stronger levels
• Use in conjunction with other technical tools
• Monitor price reactions at FVG levels
• Consider gaps as zones rather than exact prices
Note: This is a premium-grade indicator designed for serious traders. Works best on higher timeframes where price inefficiencies are more significant.
═══════════════════
By Algomaxx
Version: 1.0
═══════════════════
Disclaimer:
This indicator is for informational purposes only. Trade at your own risk and always use proper risk management.
#FVG #technical #trading #algomaxx #premium
Advanced Fair Value Gap (FVG) detector with dynamic support/resistance lines. This professional-grade tool helps traders identify and track important market inefficiencies through Fair Value Gaps.
Features:
• Auto-detection of bullish and bearish FVGs
• Dynamic dotted extension lines for latest FVGs
• Smart gap filtering system
• Color-coded visualization
• Customizable parameters
• Clean, optimized code
Key Functions:
• Detects imbalance zones between candlesticks
• Marks FVGs with color-coded boxes
• Extends dotted lines for active reference levels
• Automatically updates with new gap formations
• Tracks gap fills in real-time
Inputs:
• Lookback Period: Historical gaps to display
• Minimum Gap Size %: Filter for gap significance
• Bullish/Bearish Colors: Visual customization
• Show Filled Gaps: Toggle filled gap visibility
Practical Applications:
1. Support/Resistance Levels
2. Mean Reversion Trading
3. Trend Continuation Setups
4. Market Structure Analysis
5. Price Action Trading
Usage Tips:
• Higher timeframes (1H+) provide more reliable signals
• Multiple FVGs in one zone indicate stronger levels
• Use in conjunction with other technical tools
• Monitor price reactions at FVG levels
• Consider gaps as zones rather than exact prices
Note: This is a premium-grade indicator designed for serious traders. Works best on higher timeframes where price inefficiencies are more significant.
═══════════════════
By Algomaxx
Version: 1.0
═══════════════════
Disclaimer:
This indicator is for informational purposes only. Trade at your own risk and always use proper risk management.
#FVG #technical #trading #algomaxx #premium
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.