NSR FVG High Time Frames

18 jam lalu

Indicator Name: NSR FVG High Time Frames

Short Title: NSR FVGHTF

Description:The NSR FVG High Time Frames indicator identifies and visualizes Fair Value Gaps (FVGs) on higher timeframes (4-hour, Daily, and Weekly) directly on your chart. FVGs are price gaps formed between the high and low of non-consecutive candles, often indicating areas of market inefficiency that price may revisit. This indicator is designed for traders who incorporate multi-timeframe analysis into their strategies, providing a clear visual representation of bullish and bearish FVGs with customizable settings.

Unique Feature:Unlike traditional FVG indicators that mark a gap as closed when the current candle’s close crosses the gap’s boundaries, NSR FVG High Time Frames employs a distinctive closure logic. It allows an additional candle to determine whether the price re-enters the gap or continues beyond it. This approach provides a more nuanced assessment of gap closure, potentially reducing false signals by giving the market an extra candle to confirm its direction. This feature makes the indicator particularly suitable for traders seeking to validate FVG interactions with greater precision.

Key Features:

• Multi-Timeframe Support: Detects FVGs on 4-hour, Daily, and Weekly timeframes, with options to enable or disable each timeframe.
  
  
• Customizable Appearance: Users can adjust the visual style (Line, Dotted, Dashed) and colors for bullish and bearish FVGs, as well as enable/disable extension of FVG boxes to the right.
  
  
• Flexible Lookback: Configurable lookback periods for entry (up to 10,000 candles) and FVG detection (up to 70 FVGs), allowing users to tailor the indicator to their trading style.
  
  
• Minimum FVG Size: Set a minimum gap size (in ticks) to filter out insignificant FVGs, ensuring only meaningful gaps are displayed.
  
  
• Closed FVG Removal: Option to automatically remove closed FVGs from the chart for a cleaner view.
  
  
• Alert Integration: Generates alerts for new FVGs and changes in their status (e.g., verified, partial, closed), enabling traders to set up custom notifications.
  

How to Use:

• Add to Chart: Apply the indicator to any chart. It works best on lower timeframes (e.g., 1H, 4H) to visualize higher-timeframe FVGs.
  
• Configure Settings: Adjust the inputs in the settings panel:
  
  1. Enable/disable 4-hour, Daily, or Weekly FVGs based on your analysis needs.
     
  2. Set the lookback periods and minimum FVG size to match your trading strategy.
     
  3. Customize colors and line styles for better chart readability.
     

Interpret FVGs:

• Bullish FVGs (green boxes): Represent gaps where price may act as support, potentially attracting price back to the gap.
  
• Bearish FVGs (red boxes): Represent gaps where price may act as resistance.
  Boxes are drawn between the relevant high and low of the candles forming the FVG, with text labels indicating the timeframe (e.g., "4H", "D", "Weekly").
  

Monitor Closure: Watch for price interaction with FVGs. The indicator considers an FVG closed only after an additional candle confirms the price has moved beyond the gap or failed to re-enter it, unlike standard FVG indicators.

Set Alerts: Use the alert feature to receive notifications when new FVGs form or their status changes (e.g., "partial" or "closed").

Settings:

• Entry Lookback (candles): Number of candles to look back for FVG detection (default: 10,000).
  
• Number of FVG to Lookback: Maximum number of FVGs to display (default: 70).
  
• Minimum FVG Size: Minimum gap size in ticks (default: 5).
  
• Remove Closed: Toggle to remove closed FVGs from the chart (default: true).
  
• Show/Extend 4Hour/Daily/Weekly: Enable/disable FVGs for each timeframe and choose whether to extend boxes to the right.
  
• Color and Style Options: Customize fill and border colors, and select line styles (Line, Dotted, Dashed) for each timeframe.
  

Use Cases:

• Swing Trading: Identify potential support/resistance zones on higher timeframes for entry or exit points.
  
• Price Action Analysis: Use FVGs to confirm market inefficiencies or reversal zones.
  
• Multi-Timeframe Strategies: Combine with lower-timeframe indicators to align entries with higher-timeframe FVGs.
  

Notes:

• The indicator is optimized for lower timeframes to display higher-timeframe FVGs. Avoid using it on Weekly or Monthly charts for Daily/Weekly FVGs to prevent overlap issues.
  
• The unique closure logic may delay FVG closure signals compared to other indicators, which can help filter out premature closures but requires patience for confirmation.
  
• Performance may vary on very low timeframes with large lookback periods due to the number of FVGs processed.
  

Disclaimer:This indicator is for informational purposes only and does not constitute financial advice. Always conduct your own analysis and test the indicator thoroughly before using it in live trading.

18 jam lalu

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