ICT HTF FVGs v2

The ICT HTF FVGs v2 indicator plots higher timeframe Fair Value Gaps (FVGs) onto the current chart to help traders identify market inefficiencies and potential correction areas.

Usage

This tool is used to identify institutional imbalances and liquidity gaps across multiple timeframes without needing to switch charts. Traders can use these levels to anticipate price reversals or continuations. The indicator allows for the overlay of up to 6 different timeframes, providing a multi-dimensional view of price action.

Key features include:

• Smart Expansion: Automatically extends FVG lines based on price proximity or range.
• Mitigation Logic: Define what constitutes a "filled" gap (e.g., Wick filled, Body filled, or C.E. touched) to filter out inactive levels.
• Visual Filtering: Hide current or lower timeframes to focus strictly on higher timeframe structural levels.

Details

Fair Value Gaps represent imbalances where buying or selling activity is significantly unequal, leaving a "gap" in price action. This indicator calculates these gaps based on the specific timeframe selected for each slot. A unique feature of this version is that mitigation is calculated based on the timeframe of the FVG itself, ensuring that a gap is only considered filled when the price action on that specific timeframe dictates it.

Settings

Timeframe Configurations

• Enable/Disable: Toggle visibility for each of the 6 timeframe slots.
• Timeframe: Select the interval (e.g., 5m, 1h, 1D).
• BISI/SIBI Color: Customize colors for bullish and bearish gaps.
• Max Count: Limit the number of historical gaps displayed per timeframe.

Global Configurations

• Limit to next HTFs only: Restricts the display to a specific number of timeframes higher than the current chart.
• Background Transparency: Adjust the opacity of the shaded FVG area.
• Extend FVGs: Choose between "Always," "Current Candle + Extension," or "When in Range" (ATR-based).
• Mitigated Options: Filter gaps based on "Touched," "Wick filled," "Body filled," or "C.E. filled."

Display & Advanced

• Line Styles: Customize the Open, Close, C.E. (Consequent Encroachment), and Link borders.
• Labeling: Toggle labels for Timeframe, Level (Open/Close/CE), and Type (BISI/SIBI).
• Proximity Factor: Adjusts how close price must be for a gap to be displayed, helping to declutter the chart.
• ATR Multiplier: Controls the range used for the "When in Range" extension logic.

FAQ

How do I access ICT HTF FVGs v2?

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

Can I display lower timeframe gaps?

Yes, by disabling the "Hide lower Timeframes" option, the indicator will show gaps from all selected intervals regardless of the current chart timeframe.

What is the "C.E." level?

C.E. stands for Consequent Encroachment, which represents the 50% midpoint of the Fair Value Gap, often acting as a sensitive area for price reaction.