Not All FVGs Are The Same

Overview:

"Not All FVGs Are The Same" is a powerful TradingView indicator designed to pinpoint high-quality Fair Value Gaps (FVGs) on your chart. Unlike generic FVG tools, this indicator uses advanced filtering to highlight only the most significant gaps, helping traders identify high-probability setups with precision and clarity. With customizable visuals and real-time alerts, it’s built for traders who want to focus on meaningful market opportunities.

Why It’s Different:

This indicator stands out by detecting FVGs that meet strict criteria for quality, ensuring you’re not distracted by minor or unreliable gaps. It analyzes price action patterns and market volatility to confirm that each FVG represents a significant imbalance, perfect for spotting potential reversal or continuation zones.

Key Features:

High-Quality Detection: Identifies FVGs formed by strong, consistent price movements, filtering out weak or noisy gaps for reliable trading signals.
Volatility-Based Filtering: Uses market volatility to ensure only substantial FVGs are displayed, adapting to different market conditions.
Customizable Visuals: Marks FVGs with clear, semi-transparent boxes that show the gap’s range and duration, with an option to toggle labels for a clean chart.
Real-Time Alerts: Get instant notifications when new bullish or bearish FVGs are detected, keeping you ahead of the market.
Focused Display: Limits the number of FVGs shown to keep your chart uncluttered, emphasizing the most recent and relevant gaps.
User-Friendly Settings: Easily adjust sensitivity, gap size, and visual styles to match your trading strategy and preferences.
How It Helps Traders:

By focusing on high-quality FVGs, this indicator helps you identify key price levels where the market is likely to react. Whether you trade breakouts, reversals, or trend continuations, the clear visuals and precise detection make it easier to spot opportunities with confidence.

Settings:

ATR Length: Adjusts the volatility filter for FVG detection (default: 10).
Minimum FVG Size: Sets the smallest gap size to consider (default: 2 bars).
Show Last X FVGs: Controls how many recent FVGs are displayed (default: 20).
Enable Sensitivity Check: Turn on/off volatility-based filtering (default: on).
Allow Gaps Between Bars: Choose whether to include gaps with price discontinuities (default: off).
Show Labels: Toggle FVG detection labels on or off (default: on).
Style Options: Customize bullish/bearish FVG colors, text color, and label size for clear visuals.
How to Use:

Apply the indicator to your chart and tweak the settings to suit your market and timeframe. Enable alerts to stay updated on new FVGs in real-time. Use the boxes to identify key support/resistance zones and combine with your strategy for optimal trading decisions.

Note: Designed for efficiency, this indicator works smoothly across timeframes and instruments. Experiment with settings to find the best fit for your trading style, and use the toggleable labels to keep your chart clean when needed.