OPEN-SOURCE SCRIPT
FVG + FIBONACCI
The FVG + FIBONACCI indicator is a sophisticated trading tool that combines Fair Value Gap (FVG) detection with Fibonacci analysis across multiple timeframes. It automatically identifies bullish and bearish Fair Value Gaps - price areas where there is no overlap between consecutive candles, creating "gaps" that often act as significant support and resistance zones. The indicator works on any selected higher timeframe while displaying results on the current chart, making it versatile for various trading strategies and timeframe analyses.
What sets this indicator apart is its integration of Fibonacci retracement levels within each detected FVG zone. Once a Fair Value Gap is identified, the indicator automatically draws key Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, and optionally 78.6%) within the gap, providing precise entry and exit points for traders. Additionally, it offers Fibonacci extensions (127.2%, 161.8%, and 261.8%) that project potential price targets beyond the FVG boundaries, helping traders plan their profit-taking strategies more effectively.
The indicator includes comprehensive customization options, allowing users to control the appearance of FVG zones, Fibonacci levels, and extension lines with different colors and styles. It features intelligent zone management with configurable maximum counts and extension lengths, automatic validity checking that grays out filled gaps, and multiple alert conditions for when price enters FVG zones or touches Fibonacci levels. The tool is designed for both swing and intraday traders who want to combine the powerful concepts of Fair Value Gaps with precise Fibonacci-based entry and exit strategies.
What sets this indicator apart is its integration of Fibonacci retracement levels within each detected FVG zone. Once a Fair Value Gap is identified, the indicator automatically draws key Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, and optionally 78.6%) within the gap, providing precise entry and exit points for traders. Additionally, it offers Fibonacci extensions (127.2%, 161.8%, and 261.8%) that project potential price targets beyond the FVG boundaries, helping traders plan their profit-taking strategies more effectively.
The indicator includes comprehensive customization options, allowing users to control the appearance of FVG zones, Fibonacci levels, and extension lines with different colors and styles. It features intelligent zone management with configurable maximum counts and extension lengths, automatic validity checking that grays out filled gaps, and multiple alert conditions for when price enters FVG zones or touches Fibonacci levels. The tool is designed for both swing and intraday traders who want to combine the powerful concepts of Fair Value Gaps with precise Fibonacci-based entry and exit strategies.
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.
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.
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.