FVG/IFVG (revannox9)
This indicator identifies Fair Value Gaps (FVG), which represent price imbalances caused by rapid market movements.
A bullish FVG forms when the low of the current candle is higher than the high of two candles before, indicating strong buying pressure and inefficient price delivery.
A bearish FVG forms when the high of the current candle is lower than the low of two candles before, indicating strong selling pressure.
These gaps often act as areas where price may return (mitigate) before continuing in the original direction.
The indicator highlights these zones to help traders:
- Identify potential entry areas
- Understand market inefficiencies
- Align trades with institutional order flow concepts
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