Fair Value Gaps (FVG) highlight imbalances areas between market participants and have become popular amongst technical analysts. The following script aims to display fair value gaps alongside the percentage of filled gaps and the average duration (in bar) before gaps are filled.
Users can be alerted when an FVG is filled using the alerts built-in this script.
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Fractal Break Imbalance / Fair Value Gap (FVG) / Liquidity Void
Order imbalances in either direction, either excess buy or sell orders, reduce liquidity. The market will seek to fill gaps sooner or later. The script marks an imbalance / FVG after a fractal break. It also marks any other imbalance.
Default Colours:
Green - Imbalance after fractal break to...
This strategy is based on the gaps theory.
In this case we have the BTC futures from CME, which acts in a way similar to stocks, and we can have gaps present between close/open session, and also sometimes between same candle due to huge movements intra candle.
At the same time I have combined this with a daily moving average, to help out a bit with the trend,...
Mark FVGs is marking FVG (stands for Fair Value Gap, other name is Imbalance or IMB) on your chart so that you can instantly detect them
It supports:
- marking bullish and bearish partly filled or unfilled FVGs of the current timeframe
- marking bullish and bearish already filled FVGs of the current timeframe
- marking bullish and bearish FVGs of the any...
This indicator, with the addition of a standard VWAP indicator to the 5m chart, helps the operator when using a closing candle Price to initiate a VWAP Reversal strategy.
The strategy involves Price gapping up, look for a Close below the 1st 5m candle Low; else look for a Close above the 1st 5m candle High. On a break of VWAP, take the trade in the opposite...
A means for tracking price ranges for gap up/down and longer buying/selling tails. This may have some value for buying/selling opportunities based on the relative significance of the range. The look back period is adjustable and works for any time frame. If you have any success using it leave some feedback.
-Squam
CM_Gap_Indicator_Intra-Day_V2.1
Updated Intra-Day Gap Indicator.
Version 2.1…Many Additional Features To Come.
***Designed for Intra-Day Charts.
***Great for Stocks…Forex and Futures Sunday Night Gaps.
***Plots Green Lines If Gap Up (See Added Features Below)
***Plots Red Lines If Gap Down
MAJOR Feature Added:
***Added Check Boxes In Inputs Tab That Let’s You...
This indicator repaints the candles so that every candle's open price is the previous candle's close price. This helps visualize stocks and ETFs that have big gaps, usually between trading days.
You should hide visibility of the ticker for this to be displayed properly.
Sharing a simple gap zone identifier, simply detects gap up/down areas and plots them for visual reference. Calculation uses new candle open compared to previous candle close and draws the zone, a mid point is plotted also as far too often it's significance is proven effective.
Works on any timeframe and market though I recommend utilizing timeframes such as...
"Extreme Bars" is a simple but useful indicator that marks overbought and oversold candles. This indicator paints candles that fall far above the average red, and the candles that rise above the average green. Of course, they can change these colors if they want. "Extreme Bars" can be interpreted in many different ways. The starting points of colored candles can...
This script was inherited from "GAP DETECTOR" by Asch- and the modified version is being published with consent of the author.
This script identifies gap up or gap down between candle bodies (for the selected time frame). The original script has been reworked to consider Open/Close instead of the High/Low. It identifies "Gap" up/down and indicates them with...
CM_Gap_Indicator_Intra-Day_V1
This is a Simple Gap Indicator.
Version 1…Many Additional Features To Come.
***Designed for Intra-Day Charts.
***Great for Stocks…Forex and Futures Sunday Night Gaps.
***Plots Green Lines If Gap Up
***Plots Red Lines If Gap Down
Additional Filters Coming Soon:
***Minimum Gap% Filter
***Gap Mid Lines
***Color Coding On Filled Gaps
This is a fully customizable gap finder. You can change the color of just about anything, on top of hiding filled/old gaps. This is so you can spot those tiny gaps on something such as futures. Be sure to play around with the settings.
This indicator displays gaps which have not been filled.
Notes:
- It shows only the unfilled gaps.
- You can edit the style and color of the gap lines.
- It will not work on charts with huge number of candles or gaps.
- It's based on someone else script which is mentioned in the code comments.
This script plots gaps between candles.
It uses the "round_to_mintick" feature in the Pinescript code, so it works on any instrument out to 3 decimal places.
If there is a Gap Up (open of current candle is greater than the close of previous candle) it will plot a green arrow under the current candle and plot a label above the current candle to show the Gap...
My modifications for the candlestick pattern script by Robert Waddell.
Changelog
- Added window (= gaps) detection
- Added Bear/Bull Sash
- Modified candlestick ID code
- Candlesticks will only be displayed if above or below TLine
Originally created by Robert Waddell with special thanks to repo32 for his candlestick ID code, DavidR for EMA code and Chris Moody...
This indicator shows the GAPs that are formed according to whether the opening price is above or below the rate specified in the selection box. An alarm can be set on these conditions.
![BTCUSD: Fair Value Gap [LuxAlgo]](https://s3.tradingview.com/j/jWY4Uiez_mid.png "Fair Value Gap [LuxAlgo]")
