Initial Imbalance [First FVG - ICT] v1

This indicator identifies the first Fair Value Gap (FVG) at the start of a user-defined session, inspired by The Inner Circle Trader. It helps traders spot initial imbalance in a sessions price action, offering filter options to refine FVG detection and optional session high/low lines for context.
Features:
- Detects the first bullish or bearish FVG at the session start (default: 08:30). ISE: Sets a custom session start time (hour and minute).
- Filters FVGs by size: None, ATR-based, or Points-based.
- Displays session high/low lines (optional) to visualize the session range.
- Customizable colors for bullish and bearish FVGs (background and border derived from a single color input).
- Alerts for new FVGs and mitigated FVGs.
Settings:
Session Start Time: Define the hour and minute for the session start.
FVG Filter Type: Choose None, ATR, or Points to filter FVGs by size.
ATR Multiple / Minimum Points: Set the minimum FVG size for ATR or Points filters.
Show Session High/Low Lines: Toggle visibility of session range lines.
Bullish/Bearish FVG Colors: Customize colors for FVGs.
Technical Details:
Overlay indicator, displayed directly on the price chart.
This indicator is ideal for traders seeking to identify key price imbalances at the start of a session, with flexible filtering and visualization options.
This indicator identifies the first Fair Value Gap (FVG) at the start of a user-defined session, inspired by The Inner Circle Trader. It helps traders spot initial imbalance in a sessions price action, offering filter options to refine FVG detection and optional session high/low lines for context.
Features:
- Detects the first bullish or bearish FVG at the session start (default: 08:30). ISE: Sets a custom session start time (hour and minute).
- Filters FVGs by size: None, ATR-based, or Points-based.
- Displays session high/low lines (optional) to visualize the session range.
- Customizable colors for bullish and bearish FVGs (background and border derived from a single color input).
- Alerts for new FVGs and mitigated FVGs.
Settings:
- Session Start Time: Define the hour and minute for the session start.
- FVG Filter Type: Choose None, ATR, or Points to filter FVGs by size.
- ATR Multiple / Minimum Points: Set the minimum FVG size for ATR or Points filters.
- Show Session High/Low Lines: Toggle visibility of session range lines.
- Bullish/Bearish FVG Colors: Customize colors for FVGs.
Technical Details:
Overlay indicator, displayed directly on the price chart.
This indicator is ideal for traders seeking to identify key price imbalances at the start of a session, with flexible filtering and visualization options.
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.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.
Declinazione di responsabilità
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.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.