OPEN-SOURCE SCRIPT
Effective FVG Indicator - Imran
Description:
The Effective FVG Indicator is a technical analysis tool designed to identify Fair Value Gaps (FVGs) in financial markets. FVGs occur when there is a significant gap between the closing price of one session and the opening price of the next session, often indicating a potential reversal point. This indicator uses volume and price movement criteria to confirm and mark these gaps effectively.
Key Features:
Fair Value Gap Detection : Identifies both bullish and bearish FVGs based on significant gaps in price.
Volume Confirmation : Confirms FVGs with high volume, ensuring that the gap is not due to a lack of liquidity.
Price Imbalance : Ensures that the gap is accompanied by a large price movement within the session, indicating strong market sentiment.
Buy/Sell Signals : Marks bullish FVGs with a green "BUY" label below the bar and bearish FVGs with a red "SELL" label above the bar.
Background Highlighting : Highlights the background with a semi-transparent green or red color when a valid FVG is detected, making it easy to spot significant gaps.
The Effective FVG Indicator is a technical analysis tool designed to identify Fair Value Gaps (FVGs) in financial markets. FVGs occur when there is a significant gap between the closing price of one session and the opening price of the next session, often indicating a potential reversal point. This indicator uses volume and price movement criteria to confirm and mark these gaps effectively.
Key Features:
Fair Value Gap Detection : Identifies both bullish and bearish FVGs based on significant gaps in price.
Volume Confirmation : Confirms FVGs with high volume, ensuring that the gap is not due to a lack of liquidity.
Price Imbalance : Ensures that the gap is accompanied by a large price movement within the session, indicating strong market sentiment.
Buy/Sell Signals : Marks bullish FVGs with a green "BUY" label below the bar and bearish FVGs with a red "SELL" label above the bar.
Background Highlighting : Highlights the background with a semi-transparent green or red color when a valid FVG is detected, making it easy to spot significant gaps.
نص برمجي مفتوح المصدر
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي مفتوح المصدر
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.