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[User Discussion] - Fair Value Gap indicator

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[2022-07-20 05:44:27] #1 [Go To First Post]
SabikiSensei - Posts: 75
It's a pretty popular indicator used by ICT traders. I haven't been able to find anything of the sort with Sierra Chart. I've attached a picture of what a FVG is and what it looks like on a chart.. are there any user contributed studies out there like this? Would it be possible that this study be added to the librar FVG: https://imgur.com/a/xsmzef9 Date Time Of Last Edit: 2022-07-20 13:27:55

[2022-07-20 14:04:20] #2 [Go To First Post]
John - SC Support - Posts: 36238
If you can give us a source for how this is calculated then we can look into adding it as a study. The image you provided does not give us enough information. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing

[2022-07-20 15:21:39] #3 [Go To First Post]
ScalpRule - Posts: 4
+1

[2022-07-20 15:27:02] #4 [Go To First Post]
User150664 - Posts: 1
+1

[2022-07-20 15:31:43] #5 [Go To First Post]
Chippstrader - Posts: 30
+1

[2022-07-20 15:32:49] #6 [Go To First Post]
Chippstrader - Posts: 30
Here is the file source created in Ninja.


WideRangeBar.zip - Attached On 2022-07-20 15:32:07 UTC - Size: 165.67 KB - 355 views Attachment Deleted.

[2022-07-20 16:45:24] #7 [Go To First Post]
User198717 - Posts: 15
+1

[2022-07-20 17:41:13] #8 [Go To First Post]
SabikiSensei - Posts: 75
Hi John, this is the FVP gap indicator source calculations.the code is in pinescript though. https://www.tradingview.com/script/lh5HrJjj-ICT-Fair-Value-Gap-LM/ Date Time Of Last Edit: 2022-07-20 17:41:36

[2022-07-20 20:13:16] #9 [Go To First Post]
User75002 - Posts: 117
+1

[2022-07-20 22:08:48] #10 [Go To First Post]
John - SC Support - Posts: 36238
We really prefer a published source, if possible, as we like to get to the roots of the indicator. So if someone knows the origin of this indicator and can point us to a published source, that would be appreciated. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing

[2022-07-21 00:56:50] #11 [Go To First Post]
Chippstrader - Posts: 30
There have been so many indicators for other platforms. I don't know the source.

[2022-07-21 09:29:40] #12 [Go To First Post]
User394029 - Posts: 5
+1

[2022-07-21 18:43:26] #13 [Go To First Post]
Chippstrader - Posts: 30
Hi John, Would it be possible to give a chance at making this one? Many SC users are rooting for this indicator.

[2022-07-23 14:39:46] #14 [Go To First Post]
Chippstrader - Posts: 30
Here is the credible source of the concept which is available. http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=119&t=718&sid=b813861e9081611dd05c98de39f6527b

[2022-07-26 04:38:02] #15 [Go To First Post]
SC Support Tom - Posts: 450
WRT Post #14: Here is the credible source of the concept which is available. http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=119&t=718&sid=b813861e9081611dd05c98de39f6527b I will have a look at this.

[2022-07-26 15:22:42] #16 [Go To First Post]
gcUserStudies - Posts: 106
You can grab my version of a FVG study along with a few others I have. The code is all available via my Github also: https://gc5150.github.io/#studies https://gc5150.github.io/#download Main features: - Independent settings for Up and Down Gaps - Extend until Gap filled - Minimum Gap size in ticks for FVG's - Minimum Gap size in ticks for FVG Subgraphs - Allow copying to other chart drawings - Enable/Disable FVG Up and Down gaps - Hide Gaps once filled - Specify maximum lookback for bars to process - Draw Midline - Subgraphs for FVG Count - Subgraphs for High and Low of FVG Up/Dn. Idea is to use these for trailing stops and/or targets with trade management study. The Subgraphs will shift based on open FVG's. Once FVG is closed the Subgraph will shift to the new one. Hard to explain so best thing is to set the draw style for all of the subgraphs to dash or line and see how it works. TEST ON SIM FIRST!!! - Option to use additional study data to determine if that candle that creates the FVG (middle candle) should be used or not. Example: You could have a formula check if volume meets a certain threshold and output non-zero value for true. If the threshold is met then draw FVG. Otherwise, ignore this candle and don't draw the FVG. Edit: Attached is an example sped up at 120x Date Time Of Last Edit: 2022-07-26 15:35:23


FVG Example.gif / V - Attached On 2022-07-26 15:33:33 UTC - Size: 1.38 MB - 1556 views

[2022-07-26 15:57:32] #17 [Go To First Post]
User394029 - Posts: 5
This is great - exactly what I have been looking for. Very kind of you GC5150 - thank you.

[2022-07-26 18:21:51] #18 [Go To First Post]
SabikiSensei - Posts: 75
thank you GC

[2022-07-26 19:15:43] #19 [Go To First Post]
User275839 - Posts: 61
Wow! Very impressive body of work! Thank you for so generously sharing these. :) P.S. I just checked the other references on your github. Lots of great info there. Thank you again! Date Time Of Last Edit: 2022-07-26 19:30:58

[2022-08-10 13:42:31] #20 [Go To First Post]
User467500 - Posts: 27
really love this FVG study!!. pls whats the news study at the top?

[2022-08-10 14:10:22] #21 [Go To First Post]
gcUserStudies - Posts: 106
really love this FVG study!!. pls whats the news study at the top? Thank you. The news study shows Forex Factory events on your chart (https://www.forexfactory.com/). Example attached:


FF Events.png / V - Attached On 2022-08-10 14:10:10 UTC - Size: 33.27 KB - 437 views Attachment Deleted.

[2022-11-08 13:21:48] #22 [Go To First Post]
User641398 - Posts: 19
You can grab my version of a FVG study along with a few others I have. The code is all available via my Github also: https://gc5150.github.io/#studies https://gc5150.github.io/#download Main features: - Independent settings for Up and Down Gaps - Extend until Gap filled - Minimum Gap size in ticks for FVG's - Minimum Gap size in ticks for FVG Subgraphs - Allow copying to other chart drawings - Enable/Disable FVG Up and Down gaps - Hide Gaps once filled - Specify maximum lookback for bars to process - Draw Midline - Subgraphs for FVG Count - Subgraphs for High and Low of FVG Up/Dn. Idea is to use these for trailing stops and/or targets with trade management study. The Subgraphs will shift based on open FVG's. Once FVG is closed the Subgraph will shift to the new one. Hard to explain so best thing is to set the draw style for all of the subgraphs to dash or line and see how it works. TEST ON SIM FIRST!!! - Option to use additional study data to determine if that candle that creates the FVG (middle candle) should be used or not. Example: You could have a formula check if volume meets a certain threshold and output non-zero value for true. If the threshold is met then draw FVG. Otherwise, ignore this candle and don't draw the FVG. Edit: Attached is an example sped up at 120x Fantastic work thank you! I wonder if it is possible to modify this study to identify BPR (balance price range). Have you tried to create it yet?

[2022-11-08 15:08:52] #23 [Go To First Post]
gcUserStudies - Posts: 106
Fantastic work thank you! I wonder if it is possible to modify this study to identify BPR (balance price range). Have you tried to create it yet? Thank you. Can you provide the criteria used to find BPR? If so I can take a look. I’m not familiar with it.

[2022-11-08 15:36:40] #24 [Go To First Post]
Chippstrader - Posts: 30
may be this is it? https://www.youtube.com/watch?v=yOPESX2aWkI&ab_channel=TTrades

[2022-11-08 15:39:29] #25 [Go To First Post]
User641398 - Posts: 19
exactly.

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