The Fair Value Gap Absorption Indicator aims to detect fair value gap imbalances and tracks the mitigation status of the detected fair value gap by highlighting the mitigation level till a new fair value gap is detected. The Fair Value Gap (FVG) is a widely utilized tool among price action traders to detect market inefficiencies or imbalances. These imbalances...
Basic script that sees where absorption maybe occurring by looking at the volume of the last 4 candles relative to the distance of their range.
Basic candle patterns marker marks: - Doji stars - Doji graves - Doji dragonflies - Hammers - Reversed hammers - Hanging mans - Falling stars - Absorption up/down - Tweezers up/down - Three inside ups/downs
This script is designed to alert one to the possible presence of hidden walls, or visible, that are absorbing a lot of volume without letting price change. Therefore acting as Support and Resistance.