Duchesne Fair Value Gaps
- 指标
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Eliott Noah Duchesne
MQL5 and Pine Script developer based in France. I turn your trading rules into clean, commented and tested tools.
What I build
- MT5 Expert Advisors: entries and exits, risk-based lot size, time filters, trailing stop, prop firm risk rules
- MT5 indicators with alerts and dashboards - 版本: 1.0
- 激活: 5
Duchesne Fair Value Gaps marks fair value gaps: three-candle imbalances where the wick of the first candle and the wick of the third candle do not overlap.
Main features
- Bullish gaps (low of the third candle above the high of the first) and bearish gaps
- Minimum gap size as a fraction of the ATR, to ignore very small gaps
- Open gaps extend to the right until price fills them
- Fill rule: when price crosses the whole gap, or when it reaches the middle of the gap
- Filled gaps can be hidden or kept in grey
- Maximum number of open gaps shown on each side
- Optional alerts on a new gap and when price enters an open gap
How it works
Only closed candles are used, so a gap never appears and then disappears. The indicator scans the number of bars you choose and follows each gap until it is filled.
Inputs
- Bars to scan, minimum size (x ATR), ATR period, fill rule
- Gaps shown per side, filled gaps on or off, colors
- New gap alert, entry alert, push notifications
This indicator is an analysis tool. It does not open trades and does not give trading signals.
