Inversion Gaps

An inverted fair value gap (FVG) occurs when candles start closing below a bullish FVG or above a bearish FVG and in this case, support FVGs become resistances and vice versa. This is a smart money concept introduced by ICT. While we a number of have indicators for FVGs, we don't have any for inversion FVGs. This indicator is just for that - it shows FVGs only after they're inverted.

The meat of it comes from being able to plot HTF inverted FVGs in LTF. In the above BTC chart, you can see M15 inverted FVGs plotted on M1 chart and you can see price respecting them. Mitigations can also be shown as lines (as you can see in the chart).

You can also setup alerts for formation and mitigation of such inversion FVGs.

Release Notes

Minor fixes: Padding line now goes with HTF, pip filter works as expected, retest of inverted FVGs trigger only when the FVG is breached

Release Notes

Fix calculation that affects monthly chart

Release Notes

Fix pip filter calculation

Release Notes

Switch to reusing inverted FVGs and get rid of retest lines as it results in a lot of retests and triggers too many alerts.

Release Notes

Minor fixes and update chart

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.

waffles_btc

If I've helped you somehow and you'd like to buy me a coffee...
Tron (TRC20): TL4nVSzFKqcuDE9uxPYZmizp2RdEUZseK8
ETH (ERC20): 0xf6999b434308486215fc637c45406a7e76aead85
SOL: ENz6uDencaBZ4F4NsvFqXdbMc6NjS71KQ5FHNUY3BUC6

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

waffles_btc