PROTECTED SOURCE SCRIPT
Atualizado FVG Theory
The indicator is intended to facilitate trading with FVGs. It consists of 3 components:
1. Swings:
A swing is a 3-candle formation based on the Williams Fractal Indicator.
The interaction with the last swing is always displayed as a red line. This allows you to recognize the last interaction directly and draw conclusions about the further course of the price (sweep / break).
In addition, the closest fractal is always shown as a green line, which acts as a potential target.
2. FVGs:
FVGs are also known as Inbalance, it is a 3 candle formation where a gap is created in the market. The market often runs into this and reacts.
If the market reacts from an imbalance before it has reached the swing low in the bullish case, the next FVG appears in a different color.
This formation has more power and is therefore color-coded.
If the FVG is particularly strong, measured by the fact that the 3rd candle in the formation breaks the 2nd candle with a candle body, this is marked with a small arrow in the FVG (break away gap).
3. overlapping
If there is a structure point within an FVG (order block, significant swing), a line is drawn there.
These overlaps have a higher confluence than FVGs alone. The wick is preferred, but if there is no overlap, the body of the structure is used.
The line thickness and colors are individually adjustable.
1. Swings:
A swing is a 3-candle formation based on the Williams Fractal Indicator.
The interaction with the last swing is always displayed as a red line. This allows you to recognize the last interaction directly and draw conclusions about the further course of the price (sweep / break).
In addition, the closest fractal is always shown as a green line, which acts as a potential target.
2. FVGs:
FVGs are also known as Inbalance, it is a 3 candle formation where a gap is created in the market. The market often runs into this and reacts.
If the market reacts from an imbalance before it has reached the swing low in the bullish case, the next FVG appears in a different color.
This formation has more power and is therefore color-coded.
If the FVG is particularly strong, measured by the fact that the 3rd candle in the formation breaks the 2nd candle with a candle body, this is marked with a small arrow in the FVG (break away gap).
3. overlapping
If there is a structure point within an FVG (order block, significant swing), a line is drawn there.
These overlaps have a higher confluence than FVGs alone. The wick is preferred, but if there is no overlap, the body of the structure is used.
The line thickness and colors are individually adjustable.
Notas de Lançamento
Bug fixed:The overlaps are now displayed without errors.
The most distant fractal is used and labeld as "MIT".
In addition, the lines can optionally be extended until the market finally arrives there or a new overlap is created.
Notas de Lançamento
Updates:There is only one overlap per FVG: and that is always the closest! Either the order block, mitigation block or the fractal of 3 is used, depending on which is closest --> strong reversal point.
In addition, there is a further coloured marker for a VAS if the market was only in the previous VAS for a very short time and then creates a new one. This indicates a strong trend!
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.