OPEN-SOURCE SCRIPT
Updated XRS FVG Auto Mitigate
XRS FVG Auto Mitigate is a Fair Value Gap tool designed to detect bullish and bearish FVGs and visually track how much of each gap has been mitigated.
The indicator marks new fair value gaps directly on the chart and displays a percentage label showing the current mitigation level. This makes it easier to see whether an FVG is untouched, partially filled, or mostly mitigated.
Features include:
• Bullish and bearish Fair Value Gap detection
• Fixed-width FVG boxes
• Halfway / 50% line inside each FVG
• Live mitigation percentage label
• Optional auto-removal when mitigation reaches a selected percentage
• Custom number of active FVGs to keep on chart
• Custom bullish and bearish fill/border colors
• Hardened delete and array-sync logic for more stable long-running use
This tool is useful for traders who use Fair Value Gaps, imbalances, mitigation, displacement, liquidity sweeps, and auction-market context. It can help identify potential reaction zones, partial fills, full mitigation areas, and areas where price may return to rebalance.
This indicator does not provide automatic buy or sell signals. It is intended as a discretionary charting and confluence tool.
Disclaimer: This script is for educational and informational purposes only and does not constitute financial advice. Trading involves risk. Use at your own discretion.
The indicator marks new fair value gaps directly on the chart and displays a percentage label showing the current mitigation level. This makes it easier to see whether an FVG is untouched, partially filled, or mostly mitigated.
Features include:
• Bullish and bearish Fair Value Gap detection
• Fixed-width FVG boxes
• Halfway / 50% line inside each FVG
• Live mitigation percentage label
• Optional auto-removal when mitigation reaches a selected percentage
• Custom number of active FVGs to keep on chart
• Custom bullish and bearish fill/border colors
• Hardened delete and array-sync logic for more stable long-running use
This tool is useful for traders who use Fair Value Gaps, imbalances, mitigation, displacement, liquidity sweeps, and auction-market context. It can help identify potential reaction zones, partial fills, full mitigation areas, and areas where price may return to rebalance.
This indicator does not provide automatic buy or sell signals. It is intended as a discretionary charting and confluence tool.
Disclaimer: This script is for educational and informational purposes only and does not constitute financial advice. Trading involves risk. Use at your own discretion.
Release Notes
Updating to fix the preview.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.