DUN Lines Indicator

22 Mar

The DUN Lines indicator detects, filters and plots price imbalances (aka fair value gaps or fvgs/ifvgs). It is unique in the fact that it uses five timeframes and filters out overlapping, lower timeframe imbalances and fvgs below a user-definable size threshold.

Simply set your detection timeframes, colors and thresholds then set your chart to your preferred entry timeframe. When imbalances are mitigated, the FVG/IFVG is removed from the chart.

The indicator's default colors are my preferred ones for differentiating between timeframes, but these are easily changed. A single color with various levels of transparency to indicate timeframe strength is another approach that works nicely.

10 Nis

Sürüm Notları

The DUN Lines indicator detects, filters and plots price imbalances (aka fair value gaps or fvgs/ifvgs). It is unique in the fact that it uses five timeframes and filters out overlapping, lower timeframe imbalances and fvgs below a user-definable size threshold.

Simply set your detection timeframes, colors and thresholds then set your chart to your preferred entry timeframe. When imbalances are mitigated, the FVG/IFVG is removed from the chart.

The indicator's default colors are my preferred ones for differentiating between timeframes, but these are easily changed. A single color with various levels of transparency to indicate timeframe strength is another approach that works nicely.