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 is a Bill Williams fractal indicator with breaks. I was turned onto fractals and the importance of their breaks by ChaosTrader63. I know several version of this indicator have been done. I chose this as a first project because of it's simplicity , but also because of the poor code quality of some other versions I looked at. This is the first draft that...
Fractal A type of pattern used in technical analysis to predict a reversal in the current trend. A fractal pattern consists of five bars and is identified when the price meets the following characteristics: 1. A shift from a downtrend to an uptrend occurs when the lowest bar is located in the middle of the pattern and two bars with successively higher lows are...