JoulTrades - 1st Presented FVG Model
JoulTrades - 1st Presented FVG Model
OVERVIEW
A clean session-marking tool that plots the market opening price and identifies the first qualifying fair value gap after the open. The default selection requires displacement through a previously established post-open high or low, rather than selecting every early three-candle gap.
DEFAULT MODE: FIRST GAP WITH DISPLACEMENT
A qualifying formation must meet all of these conditions:
- A bullish FVG has the third candle's low above the first candle's high. A bearish FVG has the third candle's high below the first candle's low.
- All three candles start at or after the configured market open. The middle candle must start strictly after the open, so a formation centered on 09:30 is excluded.
- For a bearish FVG, the middle candle closes below its own open AND below the lowest price established since the market open before that middle candle.
- For a bullish FVG, the middle candle closes above its own open AND above the highest price established since the market open before that middle candle.
- The gap meets the selected minimum size and is confirmed only when the third candle closes within the configured session.
The first formation meeting these conditions is retained for that session. A smaller early gap can be skipped if its middle candle does not close through the prior post-open extreme. Selection does not depend on a later retest or subsequent price reaction.
This close-through-prior-extreme test is the indicator's specific mechanical definition of displacement. It does not automatically interpret every discretionary swing, liquidity pool, or market-structure condition.
ALTERNATIVE MODE: FIRST GEOMETRIC GAP
Select First geometric gap to mark the literal first qualifying three-candle wick gap after the open, without the displacement requirement. The same timing, minimum-size, and candle-close confirmation rules apply.
READING THE FVG LABEL
The label shows direction, the middle candle's time, and the zone's lower and upper prices. The displayed time identifies the middle candle; the gap becomes available only after the following candle closes. For example, a 09:35 middle candle on a 1-minute chart is confirmed at 09:37.
WHAT IT DRAWS
- Market Open: the configured opening candle's opening price, extended to the session end.
- First qualifying FVG: a shaded zone with an optional dotted 50% midpoint.
- Morning Range: high and low of the configured morning window, with optional shading.
- Range Sweep: the first breach of a morning-range boundary, with optional swept-level styling and an opposite-level reference.
- Session Summary: range status, relative range size, first sweep time, and distance to the opposite range boundary.
The FVG displacement test uses the running post-open high or low. It is separate from the morning-range sweep feature; a morning-range sweep is not required to select an FVG.
DEFAULT SETTINGS
- Timezone: America/New_York.
- Market open: 09:30.
- Morning range: 07:00-09:25, excluding bars opening at 09:25.
- Range-sweep detection: 09:30-11:00.
- Session end and FVG-search cutoff: 16:00.
- Minimum FVG size: 4 ticks.
- Gap selection: First gap with displacement.
- Sessions retained: 2.
APPEARANCE
Plain-language labels sit near the right edge of the visible chart. Nearby labels are spaced apart, with dotted connectors identifying their actual prices. Text size, spacing, and right-edge inset are adjustable.
Match chart mode uses the chart background and foreground with muted green, salmon, and gold accents. Choose Custom colors to adjust the market-open line, range levels, swept and opposite levels, FVG fill, border, midpoint, and text separately.
USAGE AND ALERTS
Use standard 1-minute candles with data covering the opening time and morning-range window to reproduce the intended study. Other timeframes produce different formations. The opening-price line requires a candle starting exactly at the configured time.
Alerts are available for the morning-range lock, first range sweep, and first qualifying FVG. FVG selection waits for candle-close confirmation; other live-bar markings can change while the candle is open.
This indicator marks price references for study and chart preparation. It does not generate entries, stops, profit targets, orders, or performance results.
OVERVIEW
A clean session-marking tool that plots the market opening price and identifies the first qualifying fair value gap after the open. The default selection requires displacement through a previously established post-open high or low, rather than selecting every early three-candle gap.
DEFAULT MODE: FIRST GAP WITH DISPLACEMENT
A qualifying formation must meet all of these conditions:
- A bullish FVG has the third candle's low above the first candle's high. A bearish FVG has the third candle's high below the first candle's low.
- All three candles start at or after the configured market open. The middle candle must start strictly after the open, so a formation centered on 09:30 is excluded.
- For a bearish FVG, the middle candle closes below its own open AND below the lowest price established since the market open before that middle candle.
- For a bullish FVG, the middle candle closes above its own open AND above the highest price established since the market open before that middle candle.
- The gap meets the selected minimum size and is confirmed only when the third candle closes within the configured session.
The first formation meeting these conditions is retained for that session. A smaller early gap can be skipped if its middle candle does not close through the prior post-open extreme. Selection does not depend on a later retest or subsequent price reaction.
This close-through-prior-extreme test is the indicator's specific mechanical definition of displacement. It does not automatically interpret every discretionary swing, liquidity pool, or market-structure condition.
ALTERNATIVE MODE: FIRST GEOMETRIC GAP
Select First geometric gap to mark the literal first qualifying three-candle wick gap after the open, without the displacement requirement. The same timing, minimum-size, and candle-close confirmation rules apply.
READING THE FVG LABEL
The label shows direction, the middle candle's time, and the zone's lower and upper prices. The displayed time identifies the middle candle; the gap becomes available only after the following candle closes. For example, a 09:35 middle candle on a 1-minute chart is confirmed at 09:37.
WHAT IT DRAWS
- Market Open: the configured opening candle's opening price, extended to the session end.
- First qualifying FVG: a shaded zone with an optional dotted 50% midpoint.
- Morning Range: high and low of the configured morning window, with optional shading.
- Range Sweep: the first breach of a morning-range boundary, with optional swept-level styling and an opposite-level reference.
- Session Summary: range status, relative range size, first sweep time, and distance to the opposite range boundary.
The FVG displacement test uses the running post-open high or low. It is separate from the morning-range sweep feature; a morning-range sweep is not required to select an FVG.
DEFAULT SETTINGS
- Timezone: America/New_York.
- Market open: 09:30.
- Morning range: 07:00-09:25, excluding bars opening at 09:25.
- Range-sweep detection: 09:30-11:00.
- Session end and FVG-search cutoff: 16:00.
- Minimum FVG size: 4 ticks.
- Gap selection: First gap with displacement.
- Sessions retained: 2.
APPEARANCE
Plain-language labels sit near the right edge of the visible chart. Nearby labels are spaced apart, with dotted connectors identifying their actual prices. Text size, spacing, and right-edge inset are adjustable.
Match chart mode uses the chart background and foreground with muted green, salmon, and gold accents. Choose Custom colors to adjust the market-open line, range levels, swept and opposite levels, FVG fill, border, midpoint, and text separately.
USAGE AND ALERTS
Use standard 1-minute candles with data covering the opening time and morning-range window to reproduce the intended study. Other timeframes produce different formations. The opening-price line requires a candle starting exactly at the configured time.
Alerts are available for the morning-range lock, first range sweep, and first qualifying FVG. FVG selection waits for candle-close confirmation; other live-bar markings can change while the candle is open.
This indicator marks price references for study and chart preparation. It does not generate entries, stops, profit targets, orders, or performance results.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。