SMC Fair Value Gap[Truth Indie]

6 Nov 2023

FVG (Fair Value Gap)
FVG is another component used in the SMC Concept.
This indicator will help you quickly identify FVG along with customizable market structure.


HISTORY FVG SETTING
-You can choose to show or hide the FVG (Fair Value Gap).
-You can choose to expand the History FVG to the right.
-You can change the number of History Internal FVG.
-You can change the number of History External FVG.

FVG Setting
-You can adjust the strength of the imbalance candlestick.

An example:
The imbalance candlestick in the image has a strength of 124.6 times compared to the previous candlestick.

FVG TEXT/COLOR SETUP
-You can change the name of FVG.
-Adjust the font size and color.
-Adjust the color of the FVG BOX and History BOX.

Market Structure

Comprising the process of breaking the price structure, resulting in BOS (Breakout of Structure) or CHoCH (Change of Character High), and creating new High or Low based on the price structure.

Structure Setting
1.You can choose to show or hide the swing of the structure.
2.Adjust the font size and color.
3.When the market forms a price structure with High and Low, when the price moves to disrupt the structure in either direction, it will lead to BOS or CHoCH, resulting in a new High or Low. You can adjust the method of breaking the structure using the close, high, or low.

Miner Inducement Setting
4.You can choose to show or hide the Minor Inducement.
5.You can choose to show or hide the Fibo Minor Inducement.
6.When price break the price structure, a High or Low will be formed on one side, and it will lead to an Inducement Swing. When the price moves and collides, it will create a price range of High and Low. You can adjust the method of breaking the structure using the close, high, or low.
7.There is an option for testing Fibonacci (Fibo). Its function is similar to the Inducement Swing. You can adjust the Fibonacci settings.
8.Adjust the length of the Minor Inducement swing.
- In this section, it functions similarly to Pivot Points High Low, capturing swings based on the specified length.
9.Adjust Fibo Minor Inducement.
- Fibo IDM helps filter Swing IDM.
- When the market is in an uptrend, IDM will be lower than Fibo IDM.
- When the market is in a downtrend, IDM will be higher than Fibo IDM.

-Adjust the font size.
-Adjust the color of the Fibo Minor Inducement.
-Adjust the color of the Fibo for break.
-Show or hide the Label Swing.

An example of a market in a downtrend.

1. Fibo IDM filters out Swing IDM that is above the Fibo line.
2. IDM occurs above the Fibo line in a downtrending market and below the Fibo line in an uptrending market.
3. An example of the Pivot Points High Low indicator with the length set to 3.

Premium & Discount Zone
-The Premium & Discount Zone will appear based on the current price structure. It helps you see the price zones you are interested in.
-You can adjust the %Premium & Discount as needed.
-Show or hide the premium & discount zone.
-Adjust the font size.
-Adjust the color of the premium & discount zone.

7 Nov 2023

Catatan Rilis

Update Details:
-Fixed occasional repainting of the IDM line.
-Added a 5 candlestick delay before the removal of IDM to allow for code validation.

IDM confirms the high or low of the market structure. When the price breaks IDM, the IDM line will be removed. In this case, you can choose to break IDM using either the body or the wick of the candlestick.