Fair Value Gaps (FVG) are crucial price zones where buying and selling pressure is out of balance, resulting in noticeable "gaps" in the price action. This indicator is designed to spot two main types of FVGs, and it identifies when they have been mitigated or touched:
Bullish FVG: This occurs when the low of a candle is higher than the high of a candle from two periods earlier.
Bearish FVG: This happens when the high of a candle is lower than the low of a candle from two periods earlier.
- Dual Display Modes: You can opt for either traditional lines or filled rectangles to visualize the FVGs.
- Color Customization: Easily set different colors for bullish and bearish FVGs, along with their mitigated states.
- Line Style Control: Adjust the line style, width, and overall appearance to match your trading style.
- Current Timeframe Mode: Automatically identifies FVGs based on the current chart timeframe you are using.
- Locked Timeframe Mode: This feature displays FVGs from higher timeframes even on lower timeframe charts.
- You can configure up to 3 different timeframes for analysis.
- Each timeframe can be toggled individually for tailored insights.
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