Fair Value Gap/Imbalance Indicator

MQL4 Indicadores

Trabalho concluído

Tempo de execução 1 dia
Comentário do cliente
Another perfect job! Made exactly what I needed and even added additional features that he thought were a good idea. Great developer and very quick. Highly recommend.
Comentário do desenvolvedor
Great customer, clear specs, easy to communicate with, recommended+

Termos de Referência

Definition of a fair value gap/imbalance:
When there are 3 candles, if the price of the 1st candle doesn't touch the price of the 3rd candle, there is a fair value gap/imbalance on the 2nd candle. The FVG/imbalance will only be confirmed once the 3rd candle closes. 

I want an indicator that would

  • color the FVG candles
    - bullish/bearish different color + option to turn on/off the candle colors
    - A FVG is only confirmed when the 3rd candle closes, but if there is a potential FVG in the making, I want to see the potential FVG candle colored.
    - I use other indicators, so I would like the colored candles to be behind other indicators, not on top. 

  • draw rectangle zones of the gaps which would extend until the gaps are filled
    - gap fill = price needs to touch all of the untouched price in the FVG
    - once the gaps are filled, the zone should only be extended until the last candle that filled the gap (the zones should not disappear)
    - bullish/bearish different color + option to turn on/off the zones
    - lookback period (I'll be looking back roughly 5-7 days)

You can refer to the Trading View indicators:

  • Imbalance by wolf_trader155
  • Fair Value Gap by spacemanbtc (don't need the MTF function)

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