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FVG Analyzer

30 USD

Demo downloaded: 1

Published: 20 August 2024

Current version: 1.5

FVG Analyzer

Indicators
Komi Eyram F Kahoho
Version: 1.5
Updated: 21 August 2024
Activations: 5

The FVG Analyzer is a custom indicator for MetaTrader 4 designed to detect and highlight Fair Value Gaps (FVG) on price charts. This tool allows traders to easily identify areas where value gaps have occurred, providing potential trading opportunities based on these gaps.

Features:

FVG Detection:
- Bullish FVG: Identifies bullish gaps where the high of the next candle is lower than the low of the previous candle.
- Bearish FVG: Detects bearish gaps where the low of the next candle is higher than the high of the previous candle.
Highlighting:
- Draws colored rectangles on the chart to illustrate FVGs.
- Offers an option to change the color of the rectangles when the FVG is partially filled, based on predefined color settings.
- Includes fill lines within the FVGs, configurable in terms of color, thickness, and style.
Customization Parameters:
- Number of Candles: Determines how many candles are considered for FVG detection.
- Minimum FVG Width: Specifies the minimum width required for a gap to be detected, in points.
- Colors and Styles: Configures colors for bullish and bearish FVGs, as well as fill line properties.
- Color Change: Enables or disables color change for FVGs when they are partially filled.
- Fill Percentage: Defines the visible percentage of filling within the FVG.
Object Management:
- Automatically deletes outdated FVG objects when new candles form to maintain chart clarity.

The FVG Analyzer is a powerful tool for enhancing technical analysis by highlighting significant gaps in price movements, helping you make more informed trading decisions.

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Version 1.5 2024.08.21

we can now change the color of the fill lines filled...