OPEN-SOURCE SCRIPT
Aggiornato ICT Balanced Price Range - Double FVG with Volume

This is an FVG indicator combined with volume to identify moments when a sudden volume spike creates a price gap.
Additionally, I've added the ICT Balanced Price Range, which occurs when two opposing FVGs form a connected gap. This gap has a high probability of reversal and is one of the key signs of liquidity sweeps.
Unlike other FVG indicators that filter FVGs based on ATR, average price, or range, I believe such methods lead to overfitting and may not work across multiple pairs with a single setting. Instead, I only filter FVGs when there are consecutive overlapping FVGs.
The indicator includes full functionality:
Candle color customization
FVG line color customization
FVG fill color customization
BPR color customization
Adjustable average volume and volume threshold
Highlighting candles with abnormal volume
Enjoy and make sure to backtest thoroughly before using!
Additionally, I've added the ICT Balanced Price Range, which occurs when two opposing FVGs form a connected gap. This gap has a high probability of reversal and is one of the key signs of liquidity sweeps.
Unlike other FVG indicators that filter FVGs based on ATR, average price, or range, I believe such methods lead to overfitting and may not work across multiple pairs with a single setting. Instead, I only filter FVGs when there are consecutive overlapping FVGs.
The indicator includes full functionality:
Candle color customization
FVG line color customization
FVG fill color customization
BPR color customization
Adjustable average volume and volume threshold
Highlighting candles with abnormal volume
Enjoy and make sure to backtest thoroughly before using!
Note di rilascio
Update the conditions of FVGBefore:
bearFVG = high < low[2] and close[1] < low[2] and high[1] > low[3]
bullFVG = low > high[2] and close[1] > high[2] and low[1] < high[3]
After:
bearFVG = high < low[2] and close[1] < low[2] and high[1] > low[3] and high[2] > low[4]
bullFVG = low > high[2] and close[1] > high[2] and low[1] < high[3] and low[2] < high[4]
Note di rilascio
Update FVG conditionScript open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
A d𝓮er digs deeply into bull and bear markets.
Our Custom Programming Service: Focusing on Pine Script to develop indicators/Bots on TradingView/MT5 that support traders in the Forex, Stock, and Crypto markets
youtube.com/@0xTheChartist
Our Custom Programming Service: Focusing on Pine Script to develop indicators/Bots on TradingView/MT5 that support traders in the Forex, Stock, and Crypto markets
youtube.com/@0xTheChartist
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
A d𝓮er digs deeply into bull and bear markets.
Our Custom Programming Service: Focusing on Pine Script to develop indicators/Bots on TradingView/MT5 that support traders in the Forex, Stock, and Crypto markets
youtube.com/@0xTheChartist
Our Custom Programming Service: Focusing on Pine Script to develop indicators/Bots on TradingView/MT5 that support traders in the Forex, Stock, and Crypto markets
youtube.com/@0xTheChartist
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.