ICT 9:30am First FVG

27 Ogo 2024

This indicator is designed based on ICT (Inner Circle Trader)'s algorithmic price action theory, specifically targeting the first fair value gap (FVG) that forms immediately after the New York Stock Exchange opens at 9:30am. The FVG represents an imbalance in the price delivery where a significant price action gap occurs, which can play a crucial role in future price movements.

Features:

• Identification of First FVG: Automatically identifies and plots the first fair value gap that forms post the 9:30am NY open.
  
• Customizable Visualization: Choose between block or line styles for visual representation, with customizable colors and border styles.
  
• Date Labeling: Optionally displays date labels for each identified gap to track patterns over time.
  
• Imbalance Extension: Options to extend the imbalances to the current bar, helping to visualize their influence on ongoing price action.
  

Purpose:

The first fair value gap formed after the market opens is an important algorithmic price range in ICT's price action theory. This indicator simplifies the identification of these critical gaps and helps in understanding their impact on future price action.

28 Ogo 2024

Nota Keluaran

Update: Only render on timeframe <= 15m.

3 Sep 2024

Nota Keluaran

Added customization for how FVGs can be extended (extended to current candle, current candle + n, or to end of trading session).

6 Sep 2024

Nota Keluaran

Fixed:

• C.E. does not fully extend to fill the box
  
• Added labels for lines display
  

6 Sep 2024

Nota Keluaran

Fixed:

• Timeframes other than 1m could incorrectly plot FVGs by including bars prior to 9:30am
  

6 Sep 2024

Nota Keluaran

Update name

11 Sep 2024

Nota Keluaran

• Added options to show Volume Imbalances and Liquidity Voids
  
• Include imbalance type (FVG, VI, LV) in the label
  
• Organized settings with additional style options
  
• Fixed some calculations incorrectly showing old imbalances
  

8 Okt 2024

Nota Keluaran

• Fixed: Incorrect float calculation could cause imbalances to extend left infinitely .
  
• Improvement: Gaps are now plotted based on `time` instead of `bar_index`, offering future support for different chart vs indicator timeframes (in progress).
  
• Improvement: Added option to include gaps (VI/LV) between candle close/open as part of the FVG calculation.
  

3 Dis

Nota Keluaran

Major Updates

Multi-Session Support

• Upgraded from single 9:30am NY session to 6 configurable sessions
• Pre-configured: Midnight (00:00), NY AM (09:30), NY PM (13:30)
  
• Three additional user-defined custom sessions
  
• Sessions can cross midnight (e.g., 23:30-01:00)
  
• Each session independently tracks its first imbalance
  

Intelligent FVG Replacement System

• New "Prioritize Displacement" feature allows stronger FVGs to replace earlier ones
  
• Exponential time decay (λ) penalizes older gaps, favoring earlier session imbalances
  
• Grace period protects the first FVG for a configurable duration after session start
  
• Superiority factor requires new FVGs to exceed existing ones by a specified multiple
  
• ATR normalization enables fair comparison across different volatility regimes
  
• Option to keep replaced FVGs visible with distinct coloring
  

Enhanced Extension Options

• Enum-based extension modes: None, Session End, Day End, Week End
  
• Monday FFVG special handling: Option to extend Monday's first FVG through the entire trading week
  
• Previous imbalance extension: Control whether historical imbalances continue extending
  

Session Boundary Visualization

• Visual session boundaries with configurable start/end lines
  
• Session titles positioned above price action with ATR-based scaling
  
• Session fill colors for each configured session
  

Improved Label System

• Custom label patterns with placeholders:

  {date}, {time12}, {time24}, {type}

• Default formatting remains available with toggle-based customization
  

Technical Improvements

• Upgraded to Pine Script v6
• Type-based state management for better performance and reliability
  
• Improved cleanup logic based on unique trading days (accounts for weekends/holidays)
  
• Better code organization with comprehensive tooltips
  

Bug Fixes

• Fixed extension bug where only the last imbalance extended
  
• Improved session detection logic for all imbalance types (FVG, VI, LV)
  
• More accurate date-based tracking and cleanup
  

5 hari lalu

Nota Keluaran

• Fixed array boundary error on higher timeframe
  
• Fixed Monday FFVGs not extending through Friday EOD
  

4 hari lalu

Nota Keluaran

• Re-added support for forward offset extension
  
• Introduced alerts for when new imbalances are created as well as when they are retraced back into for the first time.