Fair Value Gap Plus

The Fair Value Gap (FVG) is a renowned price action trading strategy that uncovers market inefficiencies and imbalances. Mastering it requires experience, but our Fair Value Gap Plus indicator simplifies this process, providing a complete strategy to identify and trade these gaps effectively.

Key Features:

• Trade manually or automate your strategy with extensive backtesting options.
• Highlight bull/bear gaps and visualize upper and lower limits with ease.
• Customize the number of FVGs displayed and explore Bull/Bear Volume Profiles.
• Calculate FVGs on Higher Timeframes, now enhanced with Tick Bars in version 2.0.
• Includes transparent plots for automation, strategy building, or Market Analyzer integration.

Advanced Plots and Functionalities:

1. isFairValueGap: Detects when a candle creates an FVG, triggering a "Value of 1."
2. bullHi, bullLo: Define the upper and lower boundaries of bull FVGs.
3. bearHi, bearLo: Define the upper and lower boundaries of bear FVGs.
4. Instantaneous Mitigation Signals (New in 2.0): Identify FVGs that are mitigated one bar after creation, offering counter signals for potential trade entries.

Version 1.2

• Supports calculation on Tick Change
• Remove Consecutive Filter
• Minor Addition >> New Plots were added (BullHiNext, BullLoNext, BearHiNext, BearLoNext) these plots shows the next unfulfilled FVG, to be used within Automated Strategies.

Version 1.2.1

• Ability to adjust FVG transparency 

Version 1.3

• Added FVG Candle Levels, that marks the high or low of the candles creating the liquidity / FVG.
• Added Fulfillment Method, ability to change how the candle will be considered closed/cancelled/fulfilled.
• Ability to Extend the active FVG boxes to provide visual aid for traders.
• Ability to Send Drawn Objects behind the price candle
  

Version 1.3.1

• New Plots where added (bullLevelNext and bearLevelNext )

Version 1.4

• Detect Fair Value Gap on Higher Timeframe (Supports Time Based Charts)

Version 2.0

• Introducing Tick Bars for Higher Timeframe calculations
• Instantaneous Mitigation Signals for sharper trade insights.