Support Board
Date/Time: Sat, 23 Nov 2024 02:50:49 +0000
Post From: Fair Value Gap indicator
| [2023-08-30 16:06:15] |
| Ed C. - Posts: 117 |
|
Do you realize that within every wick is an order-block? Mind blown. Now what do you do with that information?
Much of the ICT stuff is not original. For example, the idea of "order blocks" as areas between a wick and a body has been well-known to institutional traders for decades. The idea of a "fair-value gap" is invented nonsense - look at how many times it forms and then disappears on a chart. How do you use that to trade? As to your question, the idea is to draw those so-called "order blocks" on a higher timeframe chart, then lower the timeframe and isolate those drawn areas to what the market respected on the lower timeframe. You can go down as far as you want, to isolate those areas that the market is likely to respect. I would suggest that you draw those zones only on candles with the highest volume - that's where institutional traders are active. |