Significant Breakout Levels (FVG)
By LuxAlgoJul 24, 2026
Significant Breakout Levels (FVG) is an indicator on Vela, our next-generation charting platform, written in Pine Script®.
Significant Breakout Levels (FVG) filters classic pivot breaks through two quality gates. It plots dotted lines at recent pivot highs and lows; when a candle closes beyond one it demands proof: the candle body must exceed a multiple of the 14-period ATR, and a confirming fair value gap must have formed in the break's direction. Only then does a colored box print: green through resistance, red through support. Levels that break without conviction are deleted to keep the chart clean.
How to Trade the Significant Breakout Levels (FVG)?
- Green box: resistance broken with an ATR-strength body and a bullish imbalance behind it, breakout conditions fully met.
- Red box: support broken under the same two tests, to the downside.
- Dotted lines: live pivot levels awaiting a test.
- A level vanishing: price closed through it without meeting the criteria (treat that move as unconfirmed), or newer pivots pushed it past the Max Active Levels limit.
- Gray box: a qualifying break of a level older than Max Level Age, drawn without a signal or alert.
The FVG check looks for a gap between the current bar and the bar two periods back, the footprint of one-sided initiative. Because volatility and imbalance are both required, slow drifts through a level never fire; built-in alerts for both break directions let validated moves reach you unwatched.
Significant Breakout Levels (FVG) Settings
- Pivot Left Bars / Pivot Right Bars: bars on each side required to confirm a pivot high or low.
- Max Active Levels: how many support and resistance lines stay on the chart at once.
- Breakout Strength Multiplier: the multiple of the 14-period ATR a breakout body must exceed. Raise it to demand decisive candles.
- FVG Box Extend Bars: how far forward each breakout box extends.
- Max Level Age (Bars): expires stale levels so old pivots cannot trigger signals.
- Style inputs cover bullish, bearish, and expired colors plus box background transparency.
Frequently Asked Questions
Free to use
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- Up to 500 strategy alerts, with webhook automation
- Up to 10× the chart history of Free
- Orderflow lookback up to full history
- More Quant usage to customize it, plus extra usage when you need it
- Futures data alongside crypto, stocks, forex and commodities
Also works on
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