IFVG Signals Realtime identifies inverted fair value gaps combined with a moving average trend filter to plot trading signals and zone boxes directly on the price 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
IFVG Signals Realtime (No Wait) scans lookback bars for bullish and bearish fair value gaps and triggers real-time signals when price breaches an unbroken gap boundary in alignment with an EMA or SMA trend. User settings allow customization of gap lookback depth, minimum gap size, and moving average length. Because signals calculate on intrabar price movements without waiting for bar close, signals can repaint on the live bar.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Pip Size Multiplier
float
1.0
PipSizeManual
FVG Search Lookback (Bars)
int
15
IFVG_GapBars
Min FVG Size (Pips/Points)
float
0.0
MinFVG_Pips
FVG Epsilon (Price Units)
float
0.0
FVG_EpsPoints
Show IFVG Zones
bool
true
ShowZones
ZoneColorBuy
color
color.rgb(6, 38, 37, 40)
ZoneColorBuy
ZoneColorSell
color
color.rgb(62, 0, 62, 40)
ZoneColorSell
MA Period
int
21
MA_Period
MA Type
string
EMA
MA_Kind
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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