Innotrade FVG

The Innotrade FVG indicator is a professional-grade tool designed to automatically identify, display, and manage Fair Value Gaps (FVGs).

What makes this indicator unique is its full lifecycle management. Unlike basic FVG tools that permanently clutter your chart, our script intelligently tracks an FVG from its creation to its conclusion:

ACTIVE: A new FVG is identified and drawn.

MITIGATED: The FVG changes color the moment price touches it, providing a visual confirmation.

TAKEN: The FVG is automatically removed from the chart once price has passed completely through it, keeping your analysis clean and focused on relevant market data.

This dynamic approach ensures your charts remain clear and that you are always focused on active, relevant imbalances.

█ CORE CONCEPT: WHAT IS A FAIR VALUE GAP (FVG)?

A Fair Value Gap represents a market inefficiency or imbalance. It is a three-candle pattern that occurs when price moves with significant force in one direction, leaving a gap between the first candle's high and the third candle's low (for a bullish FVG) or the first candle's low and the third candle's high (for a bearish FVG).

These gaps often act as a "magnet" for price, meaning the market has a high probability of returning to this area to "rebalance" the price action before continuing its trend.

█ KEY FEATURES

Full FVG Lifecycle Management: Automatically tracks FVGs from Active -> Mitigated -> Taken, keeping your charts pristine.

Robust Multi-Timeframe (MTF) Analysis: Detect FVGs on higher timeframes (e.g., 4H) while viewing a lower timeframe chart (e.g., 15m), allowing for high-precision entries based on key market structure.

Customizable Mitigation Alerts: Create an alert to be notified the moment price enters an FVG, so you never miss a potential trading opportunity.

Clean and Clear Visuals: Fully customizable colors for bullish, bearish, and mitigated FVGs allow you to tailor the indicator to your charting theme.

Efficient and Reliable Code: Built to handle all timeframe contexts correctly, ensuring the indicator is reliable whether you are analyzing the current chart timeframe or a higher one.

█ HOW TO USE THE INDICATOR

The primary function of this indicator is to highlight key areas of interest where price may return.

Bullish FVG (Green Box): This is an area of potential support. Traders often look for price to retrace back down into this box as a potential entry point for a long position.

Bearish FVG (Red Box): This is an area of potential resistance. Traders often look for price to rally back up into this box as a potential entry point for a short position.

Mitigated FVG (Gray Box): This indicates that price has already returned to test the FVG area. The imbalance has been at least partially filled.

Example Strategy:

Set the indicator to find FVGs on the 1-hour timeframe.

Switch to your 5-minute chart for execution.

When a green Bullish FVG appears on your chart (from the 1H timeframe), set an alert for its mitigation.

When the alert triggers, look for a bullish confirmation signal on the 5-minute chart to enter a long trade.

█ SETTINGS EXPLAINED

General Settings

Show FVGs: A master switch to turn the visibility of all FVG drawings on or off.

Timeframe for FVG Detection: Choose the timeframe on which the indicator will look for FVGs. Leave this blank to use your chart's current timeframe.

Enable Alerts on FVG Mitigation: This must be enabled to allow TradingView's alert system to work with this indicator.

Style Settings

Bullish FVG Color: Sets the color for newly formed bullish FVGs.

Bearish FVG Color: Sets the color for newly formed bearish FVGs.

Mitigated FVG Color: Sets the color that an FVG will turn into after being touched by price.

Extend Boxes into the Future: When checked, FVG boxes will continue to extend to the right until they are mitigated or taken.

Label Color / Label Size: Customizes the "FVG" text that appears on newly formed gaps.