OPEN-SOURCE SCRIPT
Multi-Timeframe FVG [TFO]
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.
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.
Skrypt open-source
W prawdziwym duchu TradingView autor tego skryptu opublikował go jako open source, aby inwestorzy mogli go zrozumieć i zweryfikować. Pozdrowienia dla autora! Możesz go używać bezpłatnie, ale ponowne użycie tego kodu w publikacji podlega Zasadom Regulaminu. Możesz go oznaczyć jako ulubione, aby użyć go na wykresie.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.