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.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.