FVG Alerts (Vortus)

1 thg 9, 2024

What are Fair Value Gaps (FVGs)?

Fair Value Gaps (FVGs) represent price inefficiencies where buying and selling volumes are imbalanced, creating gaps between the wicks of consecutive candles. These gaps often act as magnets for price, as markets tend to "fill" these gaps before resuming their trend.

FVGs can signal potential entry or exit points, making them a valuable tool for traders looking to exploit these price inefficiencies.

How to Use the Script to Add Alerts:

1. Add the Script to Your Chart:
Load the script into TradingView by pasting it into the Pine Script Editor, then apply it to your chart.

2. Adjust Your Settings:
In the "FVG Settings" section, decide whether you want gaps to be removed after their midpoint or full fill. You can also choose to identify gaps only after a candle has closed, adding a level of confirmation to your strategy.
Customize the colors for Bullish and Bearish FVGs under "Visual Settings" to match your chart's theme.

3. Set Up Your Alerts:
After adding the script to your chart, go to the "Alerts" section in TradingView.
Select either "Bullish FVG Filled" or "Bearish FVG Filled" from the "Condition" dropdown menu.
Configure the alert parameters such as frequency, expiration, and notification method according to your trading strategy.

4. Stay on Top of the Market:
Once set up, the script will automatically notify you when a Fair Value Gap is filled, keeping you informed of potential reversal or continuation opportunities without needing to constantly monitor the charts.

Feedback is Welcome

2 thg 9, 2024

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