Fair Value Gap – ICT
Fair Value Gap – ICT
This is an update to the Inner Circle Trader (ICT) Fair Value Gap (FVG) v0.0.2.3 indicator by gemify.
The image shows the extras I have added.
The Max Lookback Bars was removed because all it did was prevent the indicator from detecting FVG for X bars.
Fair Value Gap -ICT
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The two primary improvements added are:
– Require FVG bars in the same direction. When enabled, the three FVG bars must all be up bars for an upward FVG to be detected.
– Time Ranges: Pretty self-explanatory. The FVG can now be limited to the three Silver Bullet times or RTH.
Plus several little tweaks internally.
Future wish list improvements:
I want to be able to combine two FVGs that are close together into one FVG, but it depends on how worthy I think the technique is for trading. Maybe someone else would like to take this on. It will require redoing the Draw: rectangle tag and List<> object.
Happy Trading !
The ATR calculation was fixed. The original code only fed the Close price to the ATR, but it requires High, Low, & Close prices.
One Comment
Jim Bell
Hello, I am using your FVG indicator and like it very much.
I also use Bloodhound and the FVG indicator is not compatable with how Bloodhound works.
Bloodhound has told me this is an easy fix but has do be done by the creator of the indicator
Is this something you could look into and see if upgrading it to work with Bllodhound could be
done in a new update?
Thanks for you consideration – Jim Bell