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FVG Chain (Consecutive Fair Value Gaps / Imbalances)

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This indicator detects fair value gaps that are created out of the touch of older fair value gaps, hence creating an "FVG chain".

It counts +1 for the chain whenever a new price leg's FVG is touched.

You can use the current FVG Chain count, as well as the high, low, and price leg high/low of the current FVG as input source in external indicators. Check the data window to see the plot values.

How FVGs are detected:
Bullish: The low of the current confirmed bar is above the high of 2 bars back.
Bearish: The high of the current confirmed bar is below the low of 2 bars back.

A bullish FVG chain is broken if:
  • The current FVG's price leg low is broken.
  • The previous bar closed below the FVG, and the current confirmed bar closed below the previous bar.


A bearish FVG chain is broken if:
  • The current FVG's price leg high is broken.
  • The previous bar closed above the FVG, and the current confirmed bar closed above the previous bar.


Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.