Summary of 🚀Balanced Price Range (BPR FVG + IFVG) Indicator in ICT TradingView - [TradingFinder]🚀

The video explains the Balanced Price Range (BPR) Indicator, available on the TradingFinder website and applicable on TradingView, primarily used by ICT (Inner Circle Trader) traders to identify key price levels based on Fair Value Gaps (FVG) and Imbalance Fair Value Gaps (IFVG). The indicator helps traders spot bullish and bearish FVGs, overlaps, and draw BPR Boundaries that act as significant support or resistance levels where strong price reactions often occur.

Main Financial Strategies and Market Analyses:

• Identification of Bullish and Bearish FVGs and IFVGs: The indicator automatically detects these gaps and overlaps to establish BPR Boundaries.
• Trading BPR Boundaries: These boundaries serve as potential entry or exit points since price often reacts strongly upon interacting with them.
• Use of Overlapping FVGs: Overlapping bullish and bearish FVGs form bearish or bullish BPR Boundaries, signaling resistance or support.
• Mitigation Levels: The indicator highlights mitigation zones where price is expected to return and react, aiding in trade timing.

Key Features and Settings:

• Favorites and Quick Access: Users can add the indicator to favorites on TradingView for easy application.
• Display Options: Toggle visibility of all or only recent FVGs and IFVGs, adjust color themes (off, light, dark), and customize colors for bullish/bearish BPRs.
• BPR Level Proximity Settings: Choose between proximal (closest), 50% OB (midpoint), or distal (furthest) levels for BPR validation.
• Filter Modes for FVG Quality: Four modes to filter FVGs by quality:
  • Very Aggressive
  • Aggressive
  • Defensive
  • Very Defensive
  These modes filter order blocks and FVGs based on candle size, candle body, and price relationships to ensure only high-quality setups remain.
• Alert System: Users can set alerts for when price enters mitigation zones with options for alert frequency (all conditions, once per bar, or per bar close).
• Time Zone Settings: Alerts and indicator timing can be adjusted based on UTC time zones.

Methodology / Step-by-Step Guide to Using the Indicator:

• Search and apply the BPR indicator on TradingView.
• Add the indicator to favorites for faster access.
• Observe the automatically drawn BPR Boundaries formed by overlapping bullish and bearish FVGs.
• Adjust input settings:
  • Enable/disable all or recent FVGs and IFVGs.
  • Set candle range validity (default 500 candles).
  • Choose theme mode and colors for bullish/bearish BPRs.
  • Select BPR level proximity (proximal, 50% OB, distal).
  • Choose FVG filter mode based on desired aggressiveness or defensiveness.
• Use alerts to monitor price interaction with mitigation zones.
• Trade based on price reactions at BPR Boundaries, considering the quality of FVGs and order blocks filtered by the selected mode.

Presenters / Sources:

• The tutorial is presented by the team or representatives of TradingFinder.

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Business and Finance

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