FVG with Fibonacci Levels [MHA Finverse]

FVG with Fibonacci Levels - Professional Fair Value Gap Indicator

This advanced Fair Value Gap (FVG) indicator automatically identifies and tracks market imbalances with integrated Fibonacci retracement levels, providing traders with precise entry and exit opportunities.

Key Features:

Smart Gap Detection
• Automatically identifies bullish and bearish fair value gaps in real-time
• Customizable minimum gap percentage filter to avoid noise
• Visual color-coded boxes for easy identification

Fibonacci Integration
• Built-in 0.5 and 0.618 Fibonacci retracement levels
• Fully customizable fib levels, colors, and line styles
• Helps identify optimal entry zones within each gap

Intelligent Gap Management
• Tracks multiple gaps simultaneously (up to 20)
• Automatic gap mitigation detection (Close or Wicks)
• Option to remove or highlight filled gaps
• Auto-hide boxes after specified bar count

Advanced Alert System
• Alerts when gaps are filled
• Fibonacci level touch alerts for both 0.5 and 0.618 levels
• Separate alerts for bullish and bearish setups
• Customizable alert preferences

Clean Visual Display
• Transparent boxes that don't clutter your chart
• Extending lines that update in real-time
• Customizable colors for both bullish and bearish gaps
• Option to change border style when gaps are filled

Perfect For:
Smart Money Concepts (SMC) traders, Price Action traders, and anyone looking to trade market structure and liquidity gaps with precision.

How to Use:
The indicator draws boxes around identified fair value gaps and extends them forward until they are filled. Fibonacci levels within each gap provide optimal entry zones. Set up alerts to get notified when price interacts with these key levels.

Credits
Special thanks to Quant Vue for their code examples and inspiration that contributed to the development of this indicator.

Disclaimer:
This indicator is for educational and informational purposes only. It does not constitute financial advice. Trading involves substantial risk of loss. Always conduct your own research and consider your risk tolerance before making any trading decisions. Past performance does not guarantee future results.