ICT - GAPs and Volume Imbalance

٢٥ أكتوبر ٢٠٢٢

GAPs
Gaps are areas on chart where the price have moved sharply up or down, with no trading in between. Gaps often fill, but they don't have to.

Volume Imbalance
Volume imbalance - determined using 2 candles
Bullish Volume Imbalance - area between the close of 1st candle and the open of 2nd candle
Bearish Volume Imbalance - area between the close of 1st candle and the open of 2nd candle


How to use the indicator:-

When you find imbalance in volume or a GAP in the chart, you may expect price to rebalance it before continuation.

Importantly, GAPs/Imbalances do not always fill. Traders should never assume that a gap/imbalance will fill without understanding the reasons for the gap and monitoring trading activity around the gap.

Pair it with your current bias for better results.

٢ نوفمبر ٢٠٢٢

ملاحظات الأخبار

• Added Balanced Price Range to the script
  Added Fair Value Gaps to the script
  Box Border can now be modified
  Box length is extended till mitigated
  Mitigated Boxes can be hidden or differentiated with a unique color
  Box Labels can now be hidden
  other bug fixes
  

١٦ ديسمبر ٢٠٢٢

ملاحظات الأخبار

- Added option to extend unmitigated Volume Imbalance Boxes
- Added option to disable extending unmitigated boxes

٢٥ ديسمبر ٢٠٢٢

ملاحظات الأخبار

• Added Option to extend all VI boxes (Mitigated/Unmitigated)
  

٢٩ ديسمبر ٢٠٢٢

ملاحظات الأخبار

- Volume Imbalance Mitigation Color Issue Fixed

٢٥ يناير ٢٠٢٣

ملاحظات الأخبار

- Added option to change label color of Mitigated Box labels. Set it to 0% opacity to hide the text.

١٤ فبراير ٢٠٢٣

ملاحظات الأخبار

- GAPs are now marked between bodies of the candles instead of wicks
- Added alert option for FVGs, VIs and GAPs

١٥ أبريل ٢٠٢٣

ملاحظات الأخبار

1. Added Implied Fair Value Gap (I.FVG) [Toggle on/off] - Beta Version
2. Added New Mitigation Type - Engulf, Wherein body close is required for a gap/imbalance to be considered as mitigated. Default is set to "Engulf". Change it to "Mitigate" for the older model.
3. Default Mitigation type for GAP is set to Consequent Encroachment (50% of the Range)
4. Added alerts for I.FVG

١٨ أبريل ٢٠٢٣

ملاحظات الأخبار

When price is inside a Box (FVG/VI/GAP/BPR/I.FVG), that particular box will be in spotlight compared to other boxes. It will be a treat to watch :)

٢٩ مايو ٢٠٢٣

ملاحظات الأخبار

- Added Mid line (C.E.) for FVG Boxes. Toggle on/off enabled.
- Added alerts when price mitigates FVG,GAP, VI and Implied FVG Boxes (Works only when the mitigation type is set to engulf).

٢ يونيو ٢٠٢٣

ملاحظات الأخبار

- Minor Bug Fix

٧ يوليو ٢٠٢٣

ملاحظات الأخبار

- Minor bug fix

٧ سبتمبر ٢٠٢٣

ملاحظات الأخبار

bug fix

١٠ يناير

ملاحظات الأخبار

Change in logic for plotting Volume Imbalances (VIs)

١٤ يناير

ملاحظات الأخبار

Added new mitigation type for FVG Boxes called "Rebalance" wherein if a FVG is partially rebalanced, only the remaining unfilled range is extended in time.
When it is fully rebalanced (Candle low trading below bullish FVG or Candle high trading above bearish FVG), it stops extending further in time.
Box highlight feature (animation) and alerts will work for this mitigation type.

٢٣ يناير

ملاحظات الأخبار

Bug Fix

٢٦ فبراير

ملاحظات الأخبار

Version 2.0

• Added Inverse FVG (FVG Mitigation must be set to ‘ENGULF’ for Inverse FVG to work)
  
• Added alerts for Inverse FVG formation and Mitigation
  
• Inverse FVG Box Limit option enabled
  
• Added Box Highlight feature (Animation) when price is inside Inverse FVG Box
  
• Added line types for FVG and Inverse FVG Consequent Encroachment (C.E.)
  
• Option for modifying the Label position for the Boxes enabled.
  
• Minor Bug Fix
  

٢٦ فبراير

ملاحظات الأخبار

- Minor Bug Fix

٢٦ فبراير

ملاحظات الأخبار

- Minor Bug Fix

٦ مارس

ملاحظات الأخبار

Version 2.1
Consecutive FVGs in the same direction can now be mapped as Liquidity Void using the new FVG mode "Liquidity Void".

٨ مارس

ملاحظات الأخبار

Version 2.2
- Included Volume Imbalance types (None/Classic/Advanced) for user selection. 'Classic' shows a specific type of Volume Imbalance, while 'Advanced' displays all variations.

٩ مارس

ملاحظات الأخبار

- Minor Bug Fix

٢٥ أغسطس

ملاحظات الأخبار

Version 3.0

• GAP types now include ‘True GAP’ and ‘GAP + Inefficiency’. True GAPs are price zones with no buyside or sellside delivery at all. GAP + Inefficiency, however, cover both regions where there's an absence of buyside and sellside delivery, and areas with one-sided price action (the gap between the close of the previous candle and the open of the current one).
  
• Added Consequent Encroachment (C.E.) for GAPs.
  
• GAPs now include the "Rebalance" mitigation type. The "C.E. Type" mitigation has been discontinued.
  
• BPR Boxes have been discontinued due to inaccuracies and flawed logic.
  
• Added alerts for Liquidity Void.
  
• A minor bug has been fixed in Advanced VIs where gaps were incorrectly labeled as VIs.
  
• Significant improvements have been made to the Implied FVG logic, including a major bug fix.
  

٢٥ أغسطس

ملاحظات الأخبار

- Minor Bug Fix

٢٦ أغسطس

ملاحظات الأخبار

- Minor Bug Fix

قبل ٢٠ ساعة

ملاحظات الأخبار

Version 3.1
- Upgraded the code to Pine Script v6
- Settings now include an option to turn off box highlights (Animation) when price is within.
- Minor Bug Fix