Algorex FVG Marker MT4
- Indicators
-
Daniel Schwoerer
Algorex Trading Solutions, founded 2013, based in Zürich. Rule-based trading systems, indicators and tools for futures, indices and gold, built by a trader and tested before release. - Version: 1.11
Algorex FVG Marker draws Fair Value Gaps (three-candle imbalances) as calm, readable zones.
- Bullish and bearish gaps in separate colours
- A gap that is partly filled shrinks to the part that is still open and becomes lighter
- A gap that is completely filled is removed from the chart
- Optional 50% line inside each zone
- Minimum gap size in ATR, so small noise gaps are ignored
- Colours blend with any chart background and adapt when you change the chart theme
- Optional alert when price touches an open zone
- Small toggle button to show or hide all zones
Inputs
- Language
- Bars to scan back, maximum open zones per direction
- Minimum size in ATR(14)
- Show 50% line, touch alert
- Bullish and bearish colour, opacity
- Show toggle button
- Panel size 100 % to 150 %
