CandelaCharts - Inversion Fair Value Gap (IFVG)

27 Ara 2024

📝 Overview

An ICT Inversion Fair Value Gap, often called an Inverse FVG, occurs when a Fair Value Gap (FVG) fails to maintain price support or resistance, resulting in a price breach beyond the FVG. This phenomenon highlights an initial shift in price momentum, signaling potential reversals or retracements.

• A Bullish IFVG forms when the price breaks above a bearish fair value gap, signaling a potential shift to bullish momentum.
  
• A Bearish IFVG forms when the price breaks below a bullish fair value gap, signaling a potential shift to bearish momentum.
  

The IFVG Indicator is a powerful tool designed to automatically detect Inversion Fair Value Gaps (IFVGs) on your charts. It highlights key zones where price breaches fair value gaps, signaling potential momentum shifts or trend reversals. Whether you're tracking bullish or bearish IFVGs, this indicator provides clear visual cues, helping you make informed trading decisions with precision and confidence. Perfect for traders seeking to anticipate market structure changes effortlessly.

📦 Features

• MTF
  
• Mitigation
  
• Consequent Encroachment
  
• Threshold
  
• Hide Overlap
  
• Advanced Styling
  

⚙️ Settings

• Show: Controls whether FVGs are displayed on the chart.
  
• Show Last: Sets the number of FVGs you want to display.
  
• Length: Determines the length of each IFVG.
  
• Mitigation: Highlights when an IFVG has been touched, using a different color without marking it as invalid.
  
• Timeframe: Specifies the timeframe used to detect IFVGs.
  
• Threshold: Sets the minimum gap size required for IFVG detection on the chart.
  
• Show Mid-Line: Configures the midpoint line's width and style within the IFVG. (Consequent Encroachment - CE)
  
• Show Border: Defines the border width and line style of the IFVG.
  
• Hide Overlap: Removes overlapping IFVGs from view.
  
• Extend: Extends the IFVG length to the current candle.
  
• Elongate: Fully extends the IFVG length to the right side of the chart.
  

⚡️ Showcase

Simple

Mitigated

Bordered

Consequent Encroachment

Extended


🚨 Alerts

This script provides alert options for all signals.

Bearish Signal

A bearish signal is invalidated if the price re-enters a bearish inversion zone but fails to reverse downward.

Bullish Signal

A bullish signal is invalidated if the price re-enters a bullish inversion zone but fails to reverse upward.

⚠️ Disclaimer

Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.

13 Şub

Sürüm Notları

CandelaCharts - Inversion Fair Value Gap (IFVG) 1.0.1

• Fix alerts bug
  

8 May

Sürüm Notları

CandelaCharts - Inversion Fair Value Gap (IFVG) 1.0.2

• Add filtering by bias