OPEN-SOURCE SCRIPT
FVG Support & Resistance
Auto FVG Target (1:2 RR)
This indicator automatically detects bullish and bearish Fair Value Gaps (FVGs) and helps traders visualize potential trade setups using a fixed Risk-to-Reward framework.
Features
Automatic detection of Bullish and Bearish Fair Value Gaps.
Clear FVG box visualization on the chart.
Entry signals based on price rejecting the Fair Value Gap and closing outside the zone.
Fixed Stop Loss calculated using the gap size (1× gap).
Automatic Take Profit based on a fixed 1:2 Risk-to-Reward ratio.
Buy and Sell labels for easy signal identification.
Configurable display settings for FVG visualization.
Designed to work across multiple markets and timeframes.
How It Works
A bullish Fair Value Gap is identified when the current candle's low is above the high of two candles earlier. A bearish Fair Value Gap is identified when the current candle's high is below the low of two candles earlier.
The indicator monitors these imbalance zones and waits for price to interact with them. When price rejects an FVG and closes outside the zone, a potential trade setup is generated. The stop loss is based on the size of the Fair Value Gap, while the take-profit target is automatically set to a fixed 1:2 Risk-to-Reward ratio.
Intended Use
This indicator is designed as a chart analysis tool to assist with identifying Fair Value Gap opportunities. It does not predict future price movement or guarantee profitable trades. Users should always combine its signals with their own analysis, risk management, and trading plan.
Notes
Works on all timeframes.
Suitable for Forex, Crypto, Indices, Commodities, and Stocks.
Best used alongside market structure, liquidity concepts, or other confirmation tools.
Historical results and plotted signals should not be considered a guarantee of future performance.
This indicator automatically detects bullish and bearish Fair Value Gaps (FVGs) and helps traders visualize potential trade setups using a fixed Risk-to-Reward framework.
Features
Automatic detection of Bullish and Bearish Fair Value Gaps.
Clear FVG box visualization on the chart.
Entry signals based on price rejecting the Fair Value Gap and closing outside the zone.
Fixed Stop Loss calculated using the gap size (1× gap).
Automatic Take Profit based on a fixed 1:2 Risk-to-Reward ratio.
Buy and Sell labels for easy signal identification.
Configurable display settings for FVG visualization.
Designed to work across multiple markets and timeframes.
How It Works
A bullish Fair Value Gap is identified when the current candle's low is above the high of two candles earlier. A bearish Fair Value Gap is identified when the current candle's high is below the low of two candles earlier.
The indicator monitors these imbalance zones and waits for price to interact with them. When price rejects an FVG and closes outside the zone, a potential trade setup is generated. The stop loss is based on the size of the Fair Value Gap, while the take-profit target is automatically set to a fixed 1:2 Risk-to-Reward ratio.
Intended Use
This indicator is designed as a chart analysis tool to assist with identifying Fair Value Gap opportunities. It does not predict future price movement or guarantee profitable trades. Users should always combine its signals with their own analysis, risk management, and trading plan.
Notes
Works on all timeframes.
Suitable for Forex, Crypto, Indices, Commodities, and Stocks.
Best used alongside market structure, liquidity concepts, or other confirmation tools.
Historical results and plotted signals should not be considered a guarantee of future performance.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
t.me/ExpertTrading_Signals
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Get daily high-quality Forex, Gold & Crypto trading signals designed to help you trade with confidence.
exness broker one.exnessonelink.com/a/g8y6w860c5
📈 Join Our Official Telegram Channel!
Get daily high-quality Forex, Gold & Crypto trading signals designed to help you trade with confidence.
exness broker one.exnessonelink.com/a/g8y6w860c5
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
t.me/ExpertTrading_Signals
📈 Join Our Official Telegram Channel!
Get daily high-quality Forex, Gold & Crypto trading signals designed to help you trade with confidence.
exness broker one.exnessonelink.com/a/g8y6w860c5
📈 Join Our Official Telegram Channel!
Get daily high-quality Forex, Gold & Crypto trading signals designed to help you trade with confidence.
exness broker one.exnessonelink.com/a/g8y6w860c5
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.