Fair Value Gap (FVG) Indicator

Category: market_structure

Identifies and visualizes Fair Value Gaps (FVG) or Imbalances, with optional extension until price mitigation.

Formula

Bullish FVG: Low(Bar[i]) > High(Bar[i+2]). Bearish FVG: High(Bar[i]) < Low(Bar[i+2]). Gap is the range between High(Bar[i+2]) and Low(Bar[i]).

Inputs

• InpContinueToMitigation (default: true)
• InpDownTrendColor (default: clrLightPink)
• InpUpTrendColor (default: clrLightGreen)
• InpFill (default: true)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.