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.
The two primary improvements added is:
Require FVG bars in 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. Now the FVG can be limited to the three Silver Bullet times, or simply RTH.
Plus several little tweaks internally.
Future wish list improvements:
I'd like to be able to combine two FVG's 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.
The ATR calculation was fixed. The original code only fed the Close price to the ATR, but it requires High, Low, & Close prices.
If you want to learn how to use a Fair Value Gap, do a search on Youtibe. There are several good videos. That is how I learned, because I did Not create the concept, so please don't ask.
Updates:
v0.0.3.1
In v0.0.3.0 the ending time was supposed to be at midnight local time, but was not consistent. I made the change, because I want the rectangles to end shortly after the market closes.
Other minor code adjustments and/or improvements, such as to the FVG class to improve the CheckFilledFVGs method.
v0.0.3.0
The two primary improvements added are:
Require FVG bars in 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. Now the FVG can be limited to the three Silver Bullet times, or simply RTH.
The ATR calculation was fixed. The original code only fed the Close price to the ATR, but it requires High, Low, & Close prices.
Plus several little tweaks internally.
The Max Lookback Bars was removed because all it did was prevent the indicator from detecting FVG for X bars.
Future wish list improvements:
I'd like to be able to combine two FVG's 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.
Happy Trading.
| Created By | zacharydw00 |
| NinjaTrader Version | 8 |
| File Size | 7.3 KB |
| Create Date | 07/03/2023 |
| # of Downloads | 3469 |
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