Fair Value Gaps / Imbalance are created when Price moves away in one direction at speed / impulsively.
A gap is created between the first and third candle wick which creates the Imbalance / Fair Value Gap and is sometimes a potential area of where the market could return making the area a good place to look to trade from or to aim for.
This Imbalance / Fair Value Gap indicator will change the color of the candles where these gaps have been created and also create a zone.
Although the candle color will not change, the zone however will be removed when price has closed the Gap making it easier to look for the untouched Fair Value Gaps / Imbalance when opening the charts or changing between timeframes and allowing you to create your potential areas to trade from or areas to target.
You can set alerts for when a FVG / Imbalance zones are created and also for when the zone gets mitigated by price.
Cheers , awesome work mate : a small request , two actually :-
1)request to combine FVG and OB indicator in one. I would have loved to improve further on but both indicators are code locked and I get that you did that to protect peeps from stealing your work. So yeah would really help a bunch it you do so fron your end.
2)request to add mtf option , 3 options , ex :- chart tf , custom 2 tfs like chart 15m , 2nd fixed custom 4h and 3rd custom daily tf. Thanks a lot, looking forward to these two being added.
thanks again been following and using your OB indicator for months now , amazing work. peace out.
NavdeepSinghSidhu
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Thank you So much for again introducing the indicator though we miss the 50% line so much.
masongrayjzz
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thank you so much but it would be cool if you could add the 50 % line as in your other s/d indicator
eyeballpaul101
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The alert function doesn't seem to work, am i doing something wrong??