The goal of this indicator is to find Fair Value Gaps (FVGs) that overlap on multiple timeframes. FVGs are already meant to be “sensitive” areas where one might expect price to react from, therefore FVGs that overlap on multiple timeframes could provide even more confluence that there may be a reaction in said area (with proper context).
Mitigation Type allows users to select how FVGs should be mitigated, either by wick or by completely closing through the area.
The displacement option helps to filter out smaller FVGs by looking for areas where price ran rather quickly (causing displacement). This is done by comparing the candle that made the FVG to a fractional ATR value, so that one may fine-tune how much “larger” the candle range needs to be, relative to recent price action.
The timeframe alignment option allows users to select how many timeframes must be converging in order to draw FVGs. For instance, with all timeframes selected, a timeframe alignment value of 2 would require that there be overlapping FVGs on 2 or more timeframes. A value of 3 would require that there be overlapping FVGs on all 3 timeframes in order for them to be drawn.
I have tried 1 hour, 1 day and 1 week in trameframe as input, and it does not show anything. İt there a special way to chose the timeframes. Thanks
Trader_Muhammad
⋅
@MAGLN5, there are 3 timeframes with checkboxes: one has the 'Chart' option set and its opacity set to '0%', the other two are customizable to suit your needs.
Trader_Muhammad
⋅
@MAGLN5, I also noticed that if 3 time frames are checked then it will draw only when it finds all 3 fvg. It is like all checked time frames must be found to be drawn (timeFrame1 and timeFrame2 and timeFrame3, not or condition!)
kbartok
⋅
Love the indicator but when 1 day is selected as a timeframe, no other FVG show up even when timeframe alignment is set to 1. Any ideas?
Flyhigh84
⋅
Just what I was looking for... Thanks a ton. :)
Crypt0Gen
⋅
Looks very interesting, thanks for sharing
PaperSherpa
⋅
Thank you for coding this. I can't wait to try it.
masondelplan
⋅
I am new on trading (2 years) with AHDH. I find your indicator and LOVE IT. It has improve my trading way more than 100%
I only have an issue that seems not working many times. Dont understand what is happening. I delete and put it again without succes. Hope you can help me.
Best regards from Mexico
davidhtrader
⋅
Would it be possible to create a stock screener based on this logic to find stocks that are close in proximity to their FVGs? That would be really helpful, thanks!