ICT HTF FVGs

The ICT HTF FVGs indicator displays higher timeframe Fair Value Gaps (FVGs) directly on your current chart. This tool aims to help traders visualize multi-timeframe points of interest and liquidity gaps without manual marking, facilitating easier identification of potential price reversals or reactions at HTF levels.

Usage

The script automatically plots bullish and bearish FVGs from specified higher timeframes. It can be used to identify institutional "footprints" on the chart that may act as magnets or support/resistance zones.

• Multi-Timeframe Visualization: View up to six different timeframes simultaneously to identify nested zones.
• Mitigation Tracking: The script can track whether an FVG has been filled (mitigated) based on custom criteria like "Wick filled" or "Body filled."
• Clean Chart Management: Use the "Distance from current candle" setting to shift labels and box endings, preventing overlap with current price action.
• Lower Timeframe Filtering: The "Hide Lower Timeframes" option ensures that lower timeframe gaps do not clutter the view when you move to a higher timeframe chart.

Details

The indicator calculates Fair Value Gaps by identifying a three-candle sequence where a gap exists between the first candle's wick and the third candle's wick.

• Consequent Encroachment (C.E.): This represents the 50% midpoint of the FVG, which is often considered a high-probability reaction level within the gap.
• Mitigation Logic: Unlike standard FVG tools, this script allows you to define exactly when a gap is considered invalidated, such as when price closes past the midpoint or fully fills the gap with a candle body.

Settings

Higher Timeframe Settings

• Timeframe: Select the specific higher timeframe to monitor (e.g., 1H, 4H, Daily).
• Bullish/Bearish Color: Customize the colors for long and short gaps.
• Max Count: Set the maximum number of FVGs to display per timeframe to maintain chart performance.

Global Settings

• Hide Lower Timeframes: Automatically hides zones that belong to a timeframe lower than the current chart's interval.
• Show Mitigated: Toggles the visibility of gaps that have already been touched or filled.
• Show C.E.: Displays the midpoint line for each FVG.
• Distance from current candle: Adjusts the horizontal offset of FVG labels and box extensions.
• Spacing between timeframes: Adjusts the vertical/horizontal padding when multiple HTF labels are displayed.

FAQ

How do I access ICT HTF FVGs?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

Why are some FVGs not showing up?

Check the "Hide Lower Timeframes" setting. If you are on a 1-hour chart and have the indicator set to show 15-minute FVGs with this setting enabled, they will be hidden to keep the chart clean.

What does "Consequent Encroachment" mean?

In ICT methodology, Consequent Encroachment refers to the 50% level of a shadow (wick) or a gap (FVG). Price often reacts at this equilibrium point.