FVG-Bully Bears

FVG-Bully Bears Indicator

The FVG-Bully Bears indicator is a powerful tool designed to identify Fair Value Gaps (FVGs) on your TradingView charts. FVGs are price gaps that occur when the market moves sharply, leaving areas where little to no trading activity took place. These gaps often act as key support or resistance zones, making them valuable for traders looking to spot potential reversal or continuation points.

This indicator highlights Bullish FVGs (potential support zones) and Bearish FVGs (potential resistance zones) with customizable boxes and labels, helping you visualize these critical price levels with ease.

Features





Bullish and Bearish FVGs: Detects gaps where price has left untested areas, marking bullish (green) and bearish (red) FVGs.



Customizable Display: Choose to show or hide bullish/bearish FVGs, adjust colors, and control box visibility.



FVG Labels: Optional labels on each FVG box to clearly identify bullish or bearish gaps, with adjustable text size.



Delete Filled FVGs: Automatically removes FVGs once price revisits and fills the gap, keeping your chart clean.



Box Extension: Extend FVG boxes into the future (up to 100 bars) to track unfilled gaps over time.



Performance Optimization: Limits the number of displayed FVG boxes (default: 50) to ensure smooth chart performance.

How It Works





Bullish FVG: Identified when the high of a candle two bars ago is lower than the low of the current candle, indicating a sharp upward move.



Bearish FVG: Identified when the low of a candle two bars ago is higher than the high of the current candle, indicating a sharp downward move.



FVGs are drawn as colored boxes (green for bullish, red for bearish) and can include labels for easy identification.



If enabled, filled FVGs (where price revisits the gap) are deleted to reduce chart clutter.

Settings

FVG Settings





Show Bullish FVGs: Enable/disable bullish FVG boxes (default: enabled).



Show Bearish FVGs: Enable/disable bearish FVG boxes (default: enabled).



Bullish FVG Color: Customize the color and transparency of bullish FVG boxes (default: light green).



Bearish FVG Color: Customize the color and transparency of bearish FVG boxes (default: light red).



Max FVG Boxes: Set the maximum number of FVG boxes displayed (default: 50, range: 1–500).



Extend FVG Boxes (Bars): Extend FVG boxes into the future by a specified number of bars (default: 8, range: 0–100).



Show FVG Labels: Enable/disable text labels on FVG boxes (default: enabled).



Label Size: Choose the size of FVG labels (options: Tiny, Small, Normal, Large, Huge; default: Small).



Delete Filled FVGs: Automatically remove FVGs when price fills the gap (default: enabled).

How to Use





Add the FVG-Bully Bears indicator to your TradingView chart.



Customize the settings to match your trading style (e.g., adjust colors, toggle labels, or change box extensions).



Watch for green (bullish) and red (bearish) FVG boxes:





Bullish FVGs: Potential support zones where price may bounce or consolidate.



Bearish FVGs: Potential resistance zones where price may reverse or stall.



Use FVGs in combination with other indicators (e.g., support/resistance, trendlines) for better trade decisions.



If “Delete Filled FVGs” is enabled, filled gaps will disappear, keeping your chart focused on active FVGs.

Ideal For





Swing Traders: Identify key price zones for entries or exits.



Day Traders: Spot intraday support/resistance levels created by rapid price moves.



Price Action Traders: Use FVGs to confirm market structure and potential reversal points.

Notes





For best performance, keep “Max FVG Boxes” at a reasonable value (e.g., 50) to avoid chart lag.



FVGs are most effective on lower timeframes (e.g., 5m, 15m, 1H) but can be used on any timeframe.



Combine with other tools like volume or trend indicators for a complete trading strategy.

Enjoy trading with FVG-Bully Bears and take advantage of Fair Valu