Fair Value Gap by Anche

30. Jan. 2022

Indicator that plots boxes for fair value gaps (also known as imbalances or inefficiencies)

fair value gaps are a very useful concept in price action trading, as they provide a trader with information about where a lot of orders were injected creating this inefficiency in the market. This inefficiency can become a magnet for price in the future to resolve this inefficiency as there are many resting orders. A trader can use this information to target a fair value gap, or to look for a potential entry for a long/short making it a good POI.

you have the possible to extend boxes to the right of the screen or to edit their width

fair value gaps tend to get mitigated, to restore the balance. This indicator gives you the option to define a mitigation using a full fill or a 0.5 fill. You can also define what to use for mitigation: candle bodies or candle wicks.

there are some other indicators for fair value gaps, although I haven't found one that let's me define a 0.5 mitigation, this indicator suits my trading style

31. Jan. 2022

Versionshinweise

remove box transparency input, since it already can be defined when choosing a color for the fvg

19. Feb. 2022

Versionshinweise

fixed a bug where bearish FVGs weren't removed while the setting was set to 0.5 fill

20. Feb. 2022

Versionshinweise

NEW FEATURES
- when FVGs get partially filled, the filled part changes color
- added FVG EQ line

both features can be visually styled

5. Mai 2023

Versionshinweise

removed borders around boxes