keys_FVG_arrow

We identify Fair Value Gaps (FVG) on the chart and mark them with arrows. From each arrow, we extract the corresponding high and low prices and use these points to construct a ZigZag pattern.

Fair Value Gap (FVG):
In trading, an FVG refers to a price imbalance or inefficiency in the market. It typically occurs when a candle opens significantly above or below the previous candle’s close, leaving a "gap" in price action — particularly on lower timeframes. These gaps often indicate aggressive buying or selling and are watched closely by traders for potential reversal or continuation setups.

Arrows for FVG Detection:
The script scans the chart to detect FVGs and plots an arrow at each identified point. These arrows serve as visual cues for areas where the market exhibited a rapid imbalance.

Extracting High and Low Prices:
Once an FVG is identified and marked by an arrow, the high and low prices of the bar (or the range of candles) associated with the FVG are captured. These prices represent the boundaries of the imbalance zone.

ZigZag Construction:
The collected high and low points from the FVGs are then used as inputs to build a ZigZag pattern. The ZigZag indicator simplifies the price movement by connecting significant highs and lows with straight lines, filtering out minor price fluctuations. By basing this pattern on FVG-related points, the resulting ZigZag highlights key price structures that emerged from market inefficiencies.