Inversion Fair Value Gaps (IFVG) Indicator in ICT to TradingView - Free - [TFlab]

The "Inversion Fair Value Gaps" indicator was developed to identify and plot Fair Value Gap inversions. This indicator highlights IFVG areas on the chart for both bullish trends (with green boxes) and bearish trends (with red boxes).

Approximately 50% of these areas are highly significant, so the indicator marks the mid-level of the areas with a black line.

Inversion Fair Value Gaps Indicator Specifications

According to the table below, some of the main features and specifications of the indicator are as follows:

Bullish Trend Conditions

The green box displayed on the chart indicates a bullish IFVG area. According to the Bitcoin (BTC) price chart in the 15-minute timeframe, the price returned to the IFVG area and resumed the upward trend after testing the level.

Bearish Trend Conditions

Based on the GBP/USD pair analysis in the 15-minute timeframe, the price action shows a short term retracement.

The price returned to the IFVG area, the range was tested, and its prior downtrend continued. This price return to these areas creates excellent opportunities for trade entries.

Indicator Settings

The settings of the "Inversion Fair Value Gaps" indicator are customizable as follows:

Global Setting

• Show All Inversion FVG: Displays all IFVGs;
• FVG & IFVG Validity Period (Bar): Gap validity set to 500 bars;
• Switching Colors Theme Mode: Theme for the indicator.

Inversion FVG

• Show Bearish Inversion FVG: Displays bearish IFVGs;
• Show Bullish Inversion FVG: Displays bullish IFVGs;
• Mitigation Level IFVG: Mitigation level for IFVGs.

FVG

• FVG Filter: Filter criteria for identifying IFVGs.

Alert

• Alerts Name: Name of the alerts;
• Alert Inversion FVG Mitigation: Alert for IFVG mitigation;
• Message Frequency: Frequency of message alerts;
• Show Alert Time by Time Zone: Alert times are based on the UTC time zone;
• Display More Info: Displays additional details in messages.

Conclusion

The Inversion Fair Value Gaps Indicator is designed based on the concept of Fair Value Gap inversions (IFVG) in the ICT strategy and identifies IFVG areas using colored boxes.

These areas are considered price retracement zones and provide opportunities to enter trades aligned with the primary market trend.

By default, the validity of these areas is set to 500 bars, meaning the zones remain valid for up to this many candles and do not form further with the price after this period.