Fair Value Gap / iVFG / Imbalance / MTF Suite

Description

This indicator detects Fair Value Gaps (FVGs) and Imbalances across up to 10 user-selected timeframes and manages them with precise retest handling and clean visualization options.

What’s unique

3-candle FVG detection per timeframe (no lookahead).

Retest handling: on the first touch the touched edge snaps to the retest wick and the zone recolors (fresh → retested).

Right-side projection limits to avoid endless extensions.

Deterministic multi-TF overlay: HTF zones are computed independently (lookahead off) and drawn in a stable, priority-based order.

iFVG / parked zones: optionally convert a filled gap into an iFVG (parked/blue) instead of deleting/greying it.

Optional Imbalance Add-on (3-candle), with split halves + 50% midline.

How it works (technical)

FVG logic (3 candles):
Bullish when low[2] > high (gap up); Bearish when high[2] < low (gap down).
The created box spans the untraded range of candle B and starts at time[2].

Retest behavior:
On the first wick-touch, the nearest boundary adapts to the wick extreme. If enabled, the box recolors to a “retested” palette.

Projection:
Boxes extend to the right; optional bar limit constrains length.

Display limits:
FIFO pruning per direction keeps only the newest N boxes; iFVG/grey pools can share or use separate limits.

Imbalance Add-on (optional):
Classic 3-candle imbalance; draws upper/lower halves and an optional 50% midline.

No lookahead / confirmation:
Calculations run with barmerge.lookahead_off; detection finalizes on bar close (repaint-free on close).

How to use

Treat fresh gaps as potential reaction zones or confluence with liquidity / structure.

Use retested gaps for continuation or rejection logic.

Limit right-projection and visible count to keep charts readable on lower TFs.

Combine with your own execution rules (entries, stops, partials).

Key settings

General: adjust/recolor on retest, right-side limit (bars).

Display Limits: max visible per direction; separate iFVG cap if desired.

Visuals: filled vs. outline, transparency, TF labels (auto or custom), label alignment.

Theme: presets (Pegasus Classic, Icefire, Solarized, Heatmap, Pastel, Monochrome) or Custom colors.

Timeframes: enable up to 10 TF slots (e.g., M1/M5/M15/H1/H4/D1…).

Add-on — Imbalance: enable/disable, midline on/off, filled/outline, colors.

Alerts

New Bullish FVG

New Bearish FVG

Add-on: New Bullish Imbalance

Add-on: New Bearish Imbalance

Notes & limitations

FVG detection is confirmed on bar close; intrabar retest recolor can occur as price interacts.

Historical rendering depends on chart history & session settings.

Many TFs + large box counts can be heavy; use projection limits and display caps for performance.

This tool does not generate trade signals; it visualizes inefficiencies for discretionary or rules-based workflows.

Disclaimer

For educational and informational purposes only. Not financial advice.

Access / Support: Invite-only. For access or assistance, please DM.