FVG vertical

Created by Alphaomega18
🎯 What is an FVG (Fair Value Gap)?
A Fair Value Gap is a price imbalance created by a mismatch between buyers and sellers, formed by 3 consecutive candles where:

Bullish FVG: The low of the current candle is above the high of the candle 2 periods ago
Bearish FVG: The high of the current candle is below the low of the candle 2 periods ago

⚙️ Indicator Settings
Display Group:

Show Bullish vertical FVG: Display bullish vertical FVGs (green) ✅
Show Bearish vertical FVG: Display bearish vertical FVGs (red) ✅
Box Extension (bars): Zone extension duration (1-50 bars, default: 10)
Show Labels: Display labels with gap size 🏷️
Remove When Filled: Automatically remove filled zones ✅

📊 Visual Elements
FVG Zones:

🟢 Green = Bullish vertical FVG (potential support zone)
🔴 Red = Bearish vertical FVG (potential resistance zone)

Labels:

Show gap size in points
Positioned at the beginning of each zone

Dashboard (top right corner):

Real-time count of active FVGs
🟢 = Number of bullish vertical FVGs
🔴 = Number of bearish vertical FVGs

Candle Coloring:

Light green background = Candle forming a bullish vertical FVG
Light red background = Candle forming a bearish vertical FVG

🎯 How to Use the Indicator
1. Installation:

Open TradingView
Click "Indicators" at the top of the chart
Search for "FVG Clean" or paste the code in the Pine Editor

2. Trading Strategies:
Support/Resistance:

Bullish vertical FVGs act as support zones
Bearish vertical FVGs act as resistance zones
Price tends to return to "fill" these gaps

Position Entries:

Long: Wait for a return to a bullish vertical FVG + confirmation
Short: Wait for a return to a bearish vertical FVG + confirmation

Position Management:

Place stops below/above FVGs
Use FVGs as price targets
A filled FVG loses its validity

🔔 Alerts
The indicator includes 2 configurable alert types:

Bullish vertical FVG: Triggers when a new bullish vertical FVG forms
Bearish vertical FVG: Triggers when a new bearish vertical FVG forms

To configure: Right-click on chart → "Add Alert" → Select desired alert
💡 Usage Tips
✅ Do:

Combine with other indicators (volume, momentum)
Wait for confirmation before entering
Use across multiple timeframes
Respect your risk management

❌ Don't:

Trade solely on FVGs without confirmation
Ignore the overall market trend
Overload your chart with too many zones

🔧 Parameter Optimization
Scalping (1-5min):

Box Extension: 5-10 bars
Remove When Filled: Enabled

Day Trading (15min-1H):

Box Extension: 10-20 bars
Remove When Filled: Enabled

Swing Trading (4H-Daily):

Box Extension: 20-50 bars
Remove When Filled: As preferred

📈 Performance

Maximum 100 FVGs of each type in memory
Automatic removal of oldest ones
Optimized to not slow down your chart
Compatible with all markets and timeframes