FVG & Inversion Fair Value Gap (IFVG) ICT Indicator to TradingView - Free - [TFlab]

The FVG and Inversion Fair Value Gap Indicator is a tool for analyzing and plotting FVG and IFVG zones on the TradingView platform.

This indicator identifies FVG zones and marks them with green boxes(bullish FVG) or red boxes (bearish FVG). If these zones turn into IFVG areas, they are displayed with a gap and color change.

FVG & IFVG Indicator Specification Table

The main specifications and features of the "FVG & IFVG" indicator are presented in the table below:

Bullish Trend Conditions

The trend breaks the Fair Value Gap (red box), turning it into an Inversion Fair Value Gap (IFVG).

According to the chart of theCardano cryptocurrency (ADA) on a 15-minute timeframe, the current zone (green box) supports the price in its return from the bullish trend.

Bearish Trend Conditions

As shown in the price chart of the AUD/USD currency pair on a 1-hour timeframe, the bullish FVG zone is broken by the price and turned into a bearish IFVG zone.

In a bearish trend, the IFVG zone acts as resistance, causing thebearish trend to resume.

Indicator Settings

The settings of the FVG & IFVG Indicator are customizable, as shown below:

Global Setting

• Show All FVG: Displays all Fair Value Gaps (FVG)
• Show All Inversion FVG: Displays all Inversion Fair Value Gaps (IFVG)
• FVG & IFVG Validity Period (Bar): Number of candles used to calculate FVGs and IFVGs, set to 500 by default
• Switching Colors Theme Mode: Sets the indicator theme

FVG

• Show Bullish FVG: Displays bullish FVGs
• Show Bearish FVG: Displays bearish FVGs
• Mitigation Level FVG: Configures how mitigation areas of FVGs are displayed
• FVG Filter: Determines the type of FVG to display

Inversion FVG

• Show Bullish Inversion FVG: Displays bullish IFVGs
• Show Bearish Inversion FVG: Displays bearish IFVGs
• Mitigation Level IFVG: Configures how mitigation areas for IFVGs are displayed

Alert

• Alerts Name: Sets the name for alerts
• Alert FVG Mitigation: Triggers alerts for Fair Value Gap (FVG) mitigation
• Alert Inversion FVG Mitigation: Triggers alerts for Inversion Fair Value Gap (IFVG) mitigation
• Message Frequency: Determines how often alerts are sent
• Show Alert Time by Time Zone: Configures the time zone for displaying alert times
• Display More Info: Displays additional information in alerts

Conclusion

The FVG & IFVG Indicator identifies reversal zones referred to as Fair Value Gap (FVG) and Inversion Fair Value Gap (IFVG). It visualizes these zones on the chart usingcolored boxes.

The drawn zones represent importantsupply and demand points and are optimal entry zones for trades.