Inverse Fair Value Gaps (Wicks) v6 — Sticky

ieri

This indicator marks iVFG and FVG for all the trading you need

16 ore fa

Note di rilascio

UPDATED: This now shows proper FVG Bullish & Bearish + IVFG

16 ore fa

Note di rilascio

# **Wick-Based FVG + IFVG Script – User Guide**

## **Overview**

This script identifies **Fair Value Gaps (FVGs)** and **Inverse FVGs (IFVGs)** using **wicks (high/low)** rather than candle bodies. It helps traders identify price gaps that could act as potential support/resistance or trigger reversals.

* **FVGs**: Unfilled gaps in price caused by rapid price movement.
* **IFVGs**: Occur when price breaks beyond a previous FVG, signaling potential continuation or reversal.

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## **Inputs**

| Setting | Description |
| ----------------- | ------------------------------------------------------------ |
| Show FVGs | Toggle to display bullish and bearish FVGs. |
| Show IFVGs | Toggle to display inverse FVGs when price breaks past FVGs. |
| Border Width | Width of the boxes drawn on the chart. |
| Bullish FVG Color | Color of bullish FVG boxes. |
| Bearish FVG Color | Color of bearish FVG boxes. |
| Bull IFVG Color | Color of bullish IFVG boxes (when price breaks bearish FVG). |
| Bear IFVG Color | Color of bearish IFVG boxes (when price breaks bullish FVG). |

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## **How It Works**

### **1. Detecting FVGs**

* **Bullish FVG** (Gap Down)

* Detected when: `high[2] < low`
* Box drawn from **top = high[2]** to **bottom = low**
* **Bearish FVG** (Gap Up)

* Detected when: `low[2] > high`
* Box drawn from **top = low[2]** to **bottom = high**

> Boxes are drawn using **wick extremes**, not candle bodies.

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### **2. Detecting IFVGs**

* **Bullish IFVG**

* Triggered when price breaks **below a previous bullish FVG**.
* Box drawn covering the FVG zone to show price reversal area.
* **Bearish IFVG**

* Triggered when price breaks **above a previous bearish FVG**.
* Box drawn covering the FVG zone to highlight potential reversal.

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### **3. Labels**

* Each FVG or IFVG has a label:

* `"FVG"` for regular FVGs
* `"Bullish IFVG"` / `"Bearish IFVG"` for inverse FVGs
* Labels are placed in the **middle of the box** for visibility.

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## **Usage Instructions**

1. **Add Script to Chart**

* Copy the full script into TradingView Pine Editor.
* Set version to **v6** at the top: `//version=6`
* Click **Add to Chart**.

2. **Configure Inputs**

* Open the **Settings** panel for the script.
* Toggle colors, border width, and whether FVGs/IFVGs are displayed.

3. **Interpret the Boxes**

* **Green box** → Bullish FVG (gap down)
* **Red box** → Bearish FVG (gap up)
* **Teal box** → Bullish IFVG (price breaks bearish FVG)
* **Orange box** → Bearish IFVG (price breaks bullish FVG)

4. **Trade Signals (Optional)**

* **Bullish FVG**: Potential long zone if price returns to gap.
* **Bearish FVG**: Potential short zone if price returns to gap.
* **IFVGs**: Signal momentum continuation in the direction of the break.

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## **Tips**

* Use in combination with **price action** or **trend analysis** for better signals.
* FVGs are more reliable in **high volatility zones** (e.g., after news or breakouts).
* Adjust **colors** for visibility against your chart background.
* **Sticky FVGs**: Once drawn, FVG boxes remain until completely filled.

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## **Troubleshooting**

* **Error: `end of line without line continuation`**

* Use **single-line `box.new()`** calls instead of multi-line.
* Example:

```pinescript
b = box.new(left=bar_index-2, top=a_high, right=bar_index, bottom=c_low, bgcolor=bull_fvg_color, border_color=color.new(color.green,0), border_width=border_width)
```

* **Boxes not appearing**

* Ensure **Show FVGs / Show IFVGs** inputs are enabled.
* Script only draws boxes **after bar 2** (needs at least 3 bars).

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## **Example Chart Layout**

| Box Color | Meaning |
| --------- | ------------ |
| Green | Bullish FVG |
| Red | Bearish FVG |
| Teal | Bullish IFVG |
| Orange | Bearish IFVG |

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