Summary of 📥 Inversion Fair Value Gaps (IFVG) Indicator in ICT to TradingView - Free Download - [TFlab]

Key Technological Concepts and Product Features:

• IFVG Indicator Overview:

  The indicator identifies and visually marks Fair Value Gaps (FVG) and Inversion Fair Value Gaps (IFVG) on price charts.

  • An FVG is a three-candle pattern where the first and third candle highs/lows create a gap, with the second candle forming the gap area.
  • An IFVG forms when price breaks through an FVG level and then returns, turning the FVG area into an IFVG boundary, which may act as future support or resistance.
• Functionality:
  • The indicator automatically detects and draws FVG and IFVG boundaries on charts.
  • Users can add the indicator to favorites on TradingView for quick access.
  • It highlights potential support/resistance zones based on these gaps.
• Settings and Customization Options:
  • Enable/disable display of all or only recent FVGs and IFVGs.
  • Set validity duration for FVG/IFVG boundaries (default 500 candles).
  • Choose between light or dark theme modes for the indicator display.
  • Toggle display of bullish and bearish FVG/IFVG boundaries with customizable colors.
  • Select mitigation levels: proximal (closest), 50% level, or distal (farthest) IFVG boundaries for price action analysis.
• FVG Filtering Levels:

  Users can select from four filter modes to adjust the quality and quantity of FVGs displayed:

  • Very Aggressive
  • Aggressive
  • Defensive (default)
  • Very Defensive

  These filters are based on candle size and bullish/bearish candle conditions to highlight higher quality FVGs and reduce noise.

• Alerts and Notifications:
  • Alerts can be activated/deactivated for when price hits or mitigates at FVG levels.
  • Users can set alert frequency: all alerts, once per bar (while candle is active), or once per candle close.
  • Custom alert naming and time zone settings (UTC based) are available.

Tutorial and Usage Guide:

• Step-by-step instructions on how to search, add, and use the indicator on TradingView.
• Explanation of the indicator’s visual elements and how to interpret FVG and IFVG zones for trading decisions.
• Guidance on setting filters and alerts to optimize the indicator for different trading styles.

Main Speakers / Sources:

• The tutorial is presented by TFlab, the developer or promoter of the IFVG Indicator, who explains the features and settings throughout the video.

Summary:
This video is a comprehensive tutorial and user guide for the ICT-style IFVG Indicator on TradingView, focusing on identifying Fair Value Gaps and their inversions to assist traders in spotting key support/resistance levels. It covers installation, customization, filtering options, alert setup, and practical application tips, making it a valuable resource for traders interested in gap-based price action analysis.

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