This overlay indicator finds pivot highs and lows on the price chart and compares the last two highs and the last two lows. When the percentage difference between a pair is below the Equal HL threshold, it treats them as equal levels and draws a box. Left and
Indicator · Pine Script v5 · On the chart
FVG Instantaneous Mitigation Signals [LuxAlgo]
This indicator detects and displays instantaneous mitigation Fair Value Gaps (IMFVG) directly on the price chart.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code177
Settings15inputs
LicenceNone stated
Last update2 months ago5 Aug 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
FVG Instantaneous Mitigation Signals [LuxAlgo] identifies bullish and bearish mitigation events, plotting markers and average zone midlines. Users can enable visual ATR-based take profit and stop loss boxes along with an ATR-driven trailing stop line that resets on every signal or opposite signals. Configurable settings allow adjustments for FVG width filtering, target multipliers, trailing stop multipliers, and color styling.
- Instantaneous mitigation Fair Value Gap detection
- ATR-based take profit and stop loss visual zones
- Dynamic ATR trailing stop mechanism
- Customizable FVG width threshold filter
Details
Published by
alvinng214 on GitHub
Code credit
LuxAlgo, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
SMC / ICT / price action, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| FVG Width Filter | float | 0. | filterWidth |
| TP Area | bool | false | showTp |
| Multiplier | float | 4. | tpMult |
| tpCss | color | color.new(#5b9cf6, 80) | tpCss |
| SL Area | bool | false | showSl |
| Multiplier | float | 2. | slMult |
| slCss | color | color.new(color.gray, 80) | slCss |
| Reset Trailing Stop | string | Every Signals | tsReset |
| Multiplier | input | 3. | tsMult |
| Bullish IMFVG | bool | true | showBull |
| bullCss | color | color.teal | bullCss |
| Average | bool | true | bullAvg |
Show all 15 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Bearish IMFVG | bool | true | showBear |
| bearCss | color | #f23645 | bearCss |
| Average | bool | true | bearAvg |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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