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.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Tradingmientrung
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Tradingmientrung
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.