OPEN-SOURCE SCRIPT
Swing Points & FVG
Classic ITH/ITL
Intermediate Term High - High that has short term high on either of it's side.
Intermediate Term Low - Low that has short term low on either of it's side.
FVG
The indicator also marks Fair Value Gaps which is a very important concept in price action trading. FVGs are formed when there is ineffeciency,or imbalance, in the market.
Rebalanced ITH/ITL
Rebalanced ITH - A short term high that rebalanced the ineffeciency in price can be considered as an Intermediate Term High.
Rebalanced ITL - A short term low that rebalanced the ineffeciency in price can be considered as an Intermediate Term Low.
Use the ITH and ITL points marked by the indicator to determine the structure of the market.
Indicator repaints only when it tries to identify the latest ITH/ITL.
Intermediate Term High - High that has short term high on either of it's side.
Intermediate Term Low - Low that has short term low on either of it's side.
FVG
The indicator also marks Fair Value Gaps which is a very important concept in price action trading. FVGs are formed when there is ineffeciency,or imbalance, in the market.
Rebalanced ITH/ITL
Rebalanced ITH - A short term high that rebalanced the ineffeciency in price can be considered as an Intermediate Term High.
Rebalanced ITL - A short term low that rebalanced the ineffeciency in price can be considered as an Intermediate Term Low.
Use the ITH and ITL points marked by the indicator to determine the structure of the market.
Indicator repaints only when it tries to identify the latest ITH/ITL.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.