OPEN-SOURCE SCRIPT
BOS & FVG Pullback Signals TMT
How it Works:
Fair Value Gaps (FVGs): The script looks for three-candle patterns where a gap is formed between the first candle's high/low and the third candle's low/high, indicating a strong momentum move (often occurring after a Break of Structure).
Pullback Detection:
For a BUY, price must pull back and touch an active Bullish FVG without breaking fully below it.
For a SELL, price must pull back into an active Bearish FVG without breaking fully above it.
Rejection & Continuation (The Signal):
BUY Signal: When price wicks into the Bullish FVG, confirms a rejection by closing above the top of the FVG, and displays a prominent lower wick.
SELL Signal: When price wicks into the Bearish FVG, confirms a rejection by closing below the bottom of the FVG, and displays a prominent upper wick.
Invalidation: An FVG is invalidated if price completely violates it (closes below a Bull FVG or above a Bear FVG). Once a signal is fired for a specific FVG, that FVG stops acting as a signal trigger to prevent duplicate entries on sideways movement.
You can customize the Minimum FVG Size (using an ATR multiplier) in the settings to filter out minor, insignificant gaps and focus only on the ones that cause strong trend continuations.
Fair Value Gaps (FVGs): The script looks for three-candle patterns where a gap is formed between the first candle's high/low and the third candle's low/high, indicating a strong momentum move (often occurring after a Break of Structure).
Pullback Detection:
For a BUY, price must pull back and touch an active Bullish FVG without breaking fully below it.
For a SELL, price must pull back into an active Bearish FVG without breaking fully above it.
Rejection & Continuation (The Signal):
BUY Signal: When price wicks into the Bullish FVG, confirms a rejection by closing above the top of the FVG, and displays a prominent lower wick.
SELL Signal: When price wicks into the Bearish FVG, confirms a rejection by closing below the bottom of the FVG, and displays a prominent upper wick.
Invalidation: An FVG is invalidated if price completely violates it (closes below a Bull FVG or above a Bear FVG). Once a signal is fired for a specific FVG, that FVG stops acting as a signal trigger to prevent duplicate entries on sideways movement.
You can customize the Minimum FVG Size (using an ATR multiplier) in the settings to filter out minor, insignificant gaps and focus only on the ones that cause strong trend continuations.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Tradingmientrung
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Tradingmientrung
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.