Sonarlab - Double Fair Value Gap (DFVG)

Sonarlab Updated   
The Double Fair Value Gap will give great zones where price in the future can react off. The script is Multi Timeframe. Of course the name says it already, the script basically searches for area's where a FVG gets rebalanced with another Fair Value Gap - a double fair value gap. Amazing for searching strong buying and selling pressure in the markets.

You can see below for example that price creates a Double Fair Value Gap and comes back to fill it.

You can customize the script how you like it, with the following settings and inputs:

  • Show double fair value gap
  • DFVG Lookback: {value}
  • Display Limit {value}
  • Colors: Bullish and Bearish DFVG

  • Extend to {recent or max}
  • Custom extension: {value}

  • Mitigated: {remove or stop}
  • Mitigation level {value %}

    Customize Box Text
    Premium Zone

  • Show midline
  • Styling settings

  • Bullish Alert
  • Bearish Alert

Release Notes:
- Fixed Bearish DFVG intermittently not showing
Release Notes:
- Fixed Bearish DFVG intermittently not showing

Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

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