Fair Value Gaps (Volumetric) | Flux Charts

fluxchart Updated   
Introducing a brand new Fair Value Gaps (FVG) indicator, now with Volumetric Zones! You can now see the total volume of FVG zones, as well as their bullish & bearish volume ratio.

Features of the Volumetric FVG Indicator :
  1. Render Bullish / Bearish FVG Zones
  2. See Total Volume Of The FVG Zones
  3. See The Ratio Of Bullish / Bearish Bar Volume Of FVG Zones
  4. Combination Of Overlapping FVG Zones
  5. Variety Of Zone Detection/ Sensitivity / Filtering / Invalidation Settings
  6. High Customizability

The ability to render the total volume of FVGs as well as bullish / bearish volume ratio is what sets this FVG indicator apart from others. Also the ability to combine overlapping FVG zones will result in cleaner charts for traders.


1. General Configuration
Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.

Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.

FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.

Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivities resulting in spotting bigger FVGs, and higher sensitivities resulting in spotting all sizes of FVGs.

Show Historic Zones -> If this option is on, the indicator will render invalidated FVG zones as well as current FVG zones. For a cleaner look at current FVG zones which are not invalidated yet, you can turn this option off.
Release Notes:
- Quick fix
Release Notes:
  • Bug fix
Release Notes:
  • Added alerts for new Fair Value Gap formations
Release Notes:
  • Bug fix
Release Notes:
  • Improved General Reliability
  • Added a new setting "Allow Gaps Between Bars". On tickers that can have a different opening price than the previous bar's closing price, the indicator will not analyze those bars for FVGs if disabled. For Example, if the today's opening price is different from the yesterday's closing price in a stock ticker.

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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