iFVGs & Breakout Detector

This indicator by Quantel enhances the classic Fair Value Gap (FVG) and Inversion FVG concept with automated detection, visualization, and breakout tracking.

Plots Bullish/Bearish FVGs and Inversion FVGs with customizable mitigation levels (Proximal, 50% OB, Distal).

Applies an advanced filtering system (Aggressive → Very Defensive) to refine valid zones.

Highlights potential trade opportunities when price decisively breaks an FVG boundary using ATR-based confirmation.

Displays visual breakout triangles to mark bullish or bearish breakouts.

Includes smart color themes (Light/Dark/Off) and full alert integration for automated trading or notifications.

With its combination of institutional concepts and robust filtering, this tool helps traders identify high-probability supply/demand imbalances, monitor valid trading zones, and catch breakout confirmations in real time.