OPEN-SOURCE SCRIPT
FVA
FVA (Fair Value Area) with Smart Volume Detector
Short Description:
This indicator is built using pure TPO (Time Price Opportunity) logic. Its function is to map the price footprint, find out where the market likes to consolidate the most, highlight empty areas, and detect volume dominance in real-time when the price retests key levels.
Main Features:
* FVA Inside VA: Reads the POC (Point of Control) or the area with the longest time accumulation inside the Value Area (default 68%). Acts as the main price magnet.
* FVA Outside VA: The second largest accumulation point that is strictly located outside the Value Area. Very accurate for reversal or pullback areas.
* Single Prints: Automatically marks price areas that were only briefly passed through (1x tap). Acts like an imbalance or gap that has a high probability of being revisited by the market.
* Smart Extend & Freeze: The area boxes automatically extend following the running price (+10 bars ahead). Once the box is touched by the price (mitigated), the extension will automatically freeze to keep the chart clean.
* Volume Detector (On Touch): This is the killer feature. When the price enters the FVA or Single Print area, the box automatically changes color to track volume dominance using Typical Price (CVD) calculation.
* Blue: Buyers are dominant in holding the area.
* Red: Sellers are dominating the pressure.
* Auto Tick Size: Switching charts from Forex, Indices (NQ/SPX), to Crypto won't be a hassle with manual tick settings. The proportion size automatically adjusts to the asset's range.
How to Use:
Use FVA Inside & Outside as targets or entry areas. Pay attention to the box color changes (Volume Detector) when the price enters those areas as additional confirmation of who is in control of the market (Buyer/Seller) before you execute a position.
Short Description:
This indicator is built using pure TPO (Time Price Opportunity) logic. Its function is to map the price footprint, find out where the market likes to consolidate the most, highlight empty areas, and detect volume dominance in real-time when the price retests key levels.
Main Features:
* FVA Inside VA: Reads the POC (Point of Control) or the area with the longest time accumulation inside the Value Area (default 68%). Acts as the main price magnet.
* FVA Outside VA: The second largest accumulation point that is strictly located outside the Value Area. Very accurate for reversal or pullback areas.
* Single Prints: Automatically marks price areas that were only briefly passed through (1x tap). Acts like an imbalance or gap that has a high probability of being revisited by the market.
* Smart Extend & Freeze: The area boxes automatically extend following the running price (+10 bars ahead). Once the box is touched by the price (mitigated), the extension will automatically freeze to keep the chart clean.
* Volume Detector (On Touch): This is the killer feature. When the price enters the FVA or Single Print area, the box automatically changes color to track volume dominance using Typical Price (CVD) calculation.
* Blue: Buyers are dominant in holding the area.
* Red: Sellers are dominating the pressure.
* Auto Tick Size: Switching charts from Forex, Indices (NQ/SPX), to Crypto won't be a hassle with manual tick settings. The proportion size automatically adjusts to the asset's range.
How to Use:
Use FVA Inside & Outside as targets or entry areas. Pay attention to the box color changes (Volume Detector) when the price enters those areas as additional confirmation of who is in control of the market (Buyer/Seller) before you execute a position.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.