The "FVG w/ Fibs" indicator is a trading tool designed to identify and visualize Fair Value Gaps (FVGs) while overlaying two Fibonacci retracement levels.
• Bullish FVG: Occurs when the low of the current bar is higher than the high of two bars ago, and the previous close is higher than the high of two bars ago. • Bearish FVG: Occurs when the high of the current bar is lower than the low of two bars ago, and the previous close is lower than the low of two bars ago.
The indicator filters these gaps based on user-defined criteria such as the minimum percentage size of the gap.
Once identified, these FVGs are highlighted on the chart using customizable boxes and the 50% and 61.8% (default settings) Fibonacci retracement levels are calculated and drawn based on the size of the identified FVG.
• Dynamically updates and extends the boxes as the price evolves. • Alerts / visual changes for FVGs that get filled. • User option for fills by Wicks or Close • User-customizable settings for box colors, styles, and Fibonacci level appearances
Give this indicator a BOOST and COMMENT your thoughts!
@Qdawgg21, thank you! Which markets do you primarily trade?
MartinValdivia
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Great, thank you for your feedback! I'll try it.
QuantVue
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@MartinValdivia, let us know how you like it. Which markets do you mostly trade?
MartinValdivia
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Hello @QuantVue, I trade mainly Forex. I'm working on being funded (trying to avoid frauds). The indicator looks great so far, I would recommend you reduce the minimum FVG % for more exactitud. But so far, simply great. Thank you!
ayzima
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Amazing work.. Can you add fading of old Fvg's? Thank you
EnseaHarka
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Excellent work, you found a solution to one of my main issues with disappearing boxes! Hat off to you sir!
NareshLalwani
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your FVG is not working well.. look at this chart
NareshLalwani
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why it's not showing all the FVG and is it possible to add 3 fibs so i can set to 0.25, 0.5 and 0.75.. i would love to see all FVG with below fill options
Wick Fill Body Fill Wick Fill Half Body Fill Half
Reference (ICT HTF FVG's - Fadi) i would love to see all the FVG as i see in those...
Looking forward to hear from you gentleman...good day.
PrashDD
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It doesn't seem to work for me. It doesn't show any FVG's below 30min TF. Also it doesn't find all the unmitigated FVG's I tried it on Forex and also on Futures.
The concept is good and i hope the dev takes a look at the issues.