FVG Indicator
$0
Type: Indicators
Seller: Daniel Moises Pimentel Flores
Published: 11 August 2024
Updated:
Version: 1.0
Downloads: 400
This indicator identifies and highlights market inefficiencies, known as Fair Value Gaps (FVG), on price charts. Using a custom algorithm, the indicator detects these areas of imbalance where the price moves sharply, creating potential trading opportunities.
Indicator Parameters:
- Bullish FVG Color (clrBlue): Color used to highlight bullish inefficiencies. The default value is blue.
- Bearish FVG Color (clrRed): Color used to highlight bearish inefficiencies. The default value is red.
- Bullish FVG Opacity (125): Defines the opacity of the bullish inefficiency color. The range is from 0 (completely transparent) to 255 (completely opaque).
- Bearish FVG Opacity (125): Controls the opacity of the bearish inefficiency color. It is adjusted within the same opacity range.
- Number Of Candles For Calculation (100): Sets the number of candles the indicator will analyze to calculate market inefficiencies.
- Minimum FVG Size In Ticks (2): Determines the minimum size in ticks that an inefficiency must have to be considered and highlighted on the chart.
This indicator is a powerful tool for traders looking to identify areas where the price might correct or continue its movement after a period of market imbalance.
