Fair Value Gap (FVG) by AlgoMaxx

Fair Value Gap (FVG) by AlgoMaxx

Advanced Fair Value Gap (FVG) detector with dynamic support/resistance lines. This professional-grade tool helps traders identify and track important market inefficiencies through Fair Value Gaps.

Features:
• Auto-detection of bullish and bearish FVGs
• Dynamic dotted extension lines for latest FVGs
• Smart gap filtering system
• Color-coded visualization
• Customizable parameters
• Clean, optimized code

Key Functions:
• Detects imbalance zones between candlesticks
• Marks FVGs with color-coded boxes
• Extends dotted lines for active reference levels
• Automatically updates with new gap formations
• Tracks gap fills in real-time

Inputs:
• Lookback Period: Historical gaps to display
• Minimum Gap Size %: Filter for gap significance
• Bullish/Bearish Colors: Visual customization
• Show Filled Gaps: Toggle filled gap visibility

Practical Applications:
1. Support/Resistance Levels
2. Mean Reversion Trading
3. Trend Continuation Setups
4. Market Structure Analysis
5. Price Action Trading

Usage Tips:

• Higher timeframes (1H+) provide more reliable signals
• Multiple FVGs in one zone indicate stronger levels
• Use in conjunction with other technical tools
• Monitor price reactions at FVG levels
• Consider gaps as zones rather than exact prices

Note: This is a premium-grade indicator designed for serious traders. Works best on higher timeframes where price inefficiencies are more significant.

═══════════════════
By Algomaxx
Version: 1.0
═══════════════════

Disclaimer:
This indicator is for informational purposes only. Trade at your own risk and always use proper risk management.

#FVG #technical #trading #algomaxx #premium