🔵 Introduction 🟣 Fair Value Gap (FVG) To spot a Fair Value Gap (FVG) on a chart, you need to perform a detailed candle-by-candle analysis. Here’s the process : Focus on Candles with Large Bodies : Identify a candle with a substantial body and examine it alongside the preceding candle. Check Surrounding Candles : The candles immediately before and...
This script will identify and draw price gaps, wicks and imbalances with customizable fill conditions, multi-timeframe function, zone size filtering, volume comparison, lookback filtering, as well as highly customizable appearance and settings. I’ve made this indicator to combine the three similar but different elements that occur in price movements and serve as...
Fair Value Gaps / Imbalance are created when Price moves away in one direction at speed / impulsively. A gap is created between the first and third candle wick which creates the Imbalance / Fair Value Gap and is sometimes a potential area of where the market could return making the area a good place to look to trade from or to aim for. This Imbalance / Fair...
Indicator that plots boxes for fair value gaps (also known as imbalances or inefficiencies) fair value gaps are a very useful concept in price action trading, as they provide a trader with information about where a lot of orders were injected creating this inefficiency in the market. This inefficiency can become a magnet for price in the future to resolve this...
This script looks at three consecutive candles and if there is an area between the wicks of the first and third candle, it will paint a box to mark the area. The marked area is considered an imbalance or inefficiency in the market. Price usually finds its way back to that area of imbalance to clear it. As price clears part of the area of imbalance, the box...