Fair Value Gaps (FVG) highlight imbalances areas between market participants and have become popular amongst technical analysts. The following script aims to display fair value gaps alongside the percentage of filled gaps and the average duration (in bar) before gaps are filled.
Users can be alerted when an FVG is filled using the alerts built-in this script.
This indicator displays the Fair Value Gap of the current timeframe and an additional higher timeframe. For each FVG the gaps act as targets creating bullish and bearish gaps that are often filled.
Delete Old On Fill
Label FVG Timeframe
Enabling the MTF Options will allow the user to use...