This indicator is made to look for Inverse Fair Value Gaps (IFVGs) and show rejections from relevant areas. Fair Value Gaps (FVGs) are created when there is an energetic move that leaves a gap between the preceding and following candle's wicks. When that area is violated, we may consider that area as an Inverse FVG, treating it along the lines of a "support turned resistance" type setup with proper context.
Once a Fair Value Gap (FVG) is found with sufficient user-defined displacement, it is saved until price fully closes through that area, at which point it becomes an IFVG, which is also saved until price once again closes through that area.
Users can select a specific time period from which to look for and save FVGs, such as during the New York trading session in the following example.
Lastly, users can enable rejections that look for swing lows in bullish FVGs/IFVGs and swing highs in bearish FVGs/IFVGs. The following picture shows an instance of rejections from both regular and inverse FVGs, meaning the pivots were formed in a mutually shared area between a FVG and IFVG.
Информация о релизе
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- Added option to select timeframe from which to find FVG / IFVG - Added option to extend FVG boxes to the right or not
Информация о релизе
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- Added alerts for FVG rejections (bull / bear / any, from regular / inverse / both FVG types) - Bug fixes
Adding a reaper fvg add on would be excellent with this indicator
Orph5781
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@dmckinney422, briefly what is a reaper fvg man? I know fvg, ifvg but never reaper. regards
m1dkn1ght
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Could you make it so bullish Inverse FVGs and bearish Inverse FVGs are two different colors?
wanso4333
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srry for asking again, but do u think about to make a REAPER FVG indicator? could be really awsome :)
AftaShock
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Thank you!
misfitfutures
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good work
Moda-877
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could you modify the script to allow lower timeframe show on higher timeframe? eg im on 5m chart but i want 1m inverse fvg appear
smc-trader95
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hourly opens may be the most powerful indicator out there i dont want or need any credit for the finding....i just want the indicator on my chart this is specifically for things like nasdaq futures and sp500 but works best on NQ1 and maybe forex and etfs i only trade NQ1 nowdays...let me know if u make it and comes available to the public il be watching your youtube hoping for the release thanks