INVITE-ONLY SCRIPT
Fair Value Gap / iVFG / Imbalance / MTF Suite
Description
This indicator detects Fair Value Gaps (FVGs) and Imbalances across up to 10 user-selected timeframes and manages them with precise retest handling and clean visualization options.
What’s unique
3-candle FVG detection per timeframe (no lookahead).
Retest handling: on the first touch the touched edge snaps to the retest wick and the zone recolors (fresh → retested).
Right-side projection limits to avoid endless extensions.
Deterministic multi-TF overlay: HTF zones are computed independently (lookahead off) and drawn in a stable, priority-based order.
iFVG / parked zones: optionally convert a filled gap into an iFVG (parked/blue) instead of deleting/greying it.
Optional Imbalance Add-on (3-candle), with split halves + 50% midline.
How it works (technical)
FVG logic (3 candles):
Bullish when low[2] > high (gap up); Bearish when high[2] < low (gap down).
The created box spans the untraded range of candle B and starts at time[2].
Retest behavior:
On the first wick-touch, the nearest boundary adapts to the wick extreme. If enabled, the box recolors to a “retested” palette.
Projection:
Boxes extend to the right; optional bar limit constrains length.
Display limits:
FIFO pruning per direction keeps only the newest N boxes; iFVG/grey pools can share or use separate limits.
Imbalance Add-on (optional):
Classic 3-candle imbalance; draws upper/lower halves and an optional 50% midline.
No lookahead / confirmation:
Calculations run with barmerge.lookahead_off; detection finalizes on bar close (repaint-free on close).
How to use
Treat fresh gaps as potential reaction zones or confluence with liquidity / structure.
Use retested gaps for continuation or rejection logic.
Limit right-projection and visible count to keep charts readable on lower TFs.
Combine with your own execution rules (entries, stops, partials).
Key settings
General: adjust/recolor on retest, right-side limit (bars).
Display Limits: max visible per direction; separate iFVG cap if desired.
Visuals: filled vs. outline, transparency, TF labels (auto or custom), label alignment.
Theme: presets (Pegasus Classic, Icefire, Solarized, Heatmap, Pastel, Monochrome) or Custom colors.
Timeframes: enable up to 10 TF slots (e.g., M1/M5/M15/H1/H4/D1…).
Add-on — Imbalance: enable/disable, midline on/off, filled/outline, colors.
Alerts
New Bullish FVG
New Bearish FVG
Add-on: New Bullish Imbalance
Add-on: New Bearish Imbalance
Notes & limitations
FVG detection is confirmed on bar close; intrabar retest recolor can occur as price interacts.
Historical rendering depends on chart history & session settings.
Many TFs + large box counts can be heavy; use projection limits and display caps for performance.
This tool does not generate trade signals; it visualizes inefficiencies for discretionary or rules-based workflows.
Disclaimer
For educational and informational purposes only. Not financial advice.
Access / Support: Invite-only. For access or assistance, please DM.
This indicator detects Fair Value Gaps (FVGs) and Imbalances across up to 10 user-selected timeframes and manages them with precise retest handling and clean visualization options.
What’s unique
3-candle FVG detection per timeframe (no lookahead).
Retest handling: on the first touch the touched edge snaps to the retest wick and the zone recolors (fresh → retested).
Right-side projection limits to avoid endless extensions.
Deterministic multi-TF overlay: HTF zones are computed independently (lookahead off) and drawn in a stable, priority-based order.
iFVG / parked zones: optionally convert a filled gap into an iFVG (parked/blue) instead of deleting/greying it.
Optional Imbalance Add-on (3-candle), with split halves + 50% midline.
How it works (technical)
FVG logic (3 candles):
Bullish when low[2] > high (gap up); Bearish when high[2] < low (gap down).
The created box spans the untraded range of candle B and starts at time[2].
Retest behavior:
On the first wick-touch, the nearest boundary adapts to the wick extreme. If enabled, the box recolors to a “retested” palette.
Projection:
Boxes extend to the right; optional bar limit constrains length.
Display limits:
FIFO pruning per direction keeps only the newest N boxes; iFVG/grey pools can share or use separate limits.
Imbalance Add-on (optional):
Classic 3-candle imbalance; draws upper/lower halves and an optional 50% midline.
No lookahead / confirmation:
Calculations run with barmerge.lookahead_off; detection finalizes on bar close (repaint-free on close).
How to use
Treat fresh gaps as potential reaction zones or confluence with liquidity / structure.
Use retested gaps for continuation or rejection logic.
Limit right-projection and visible count to keep charts readable on lower TFs.
Combine with your own execution rules (entries, stops, partials).
Key settings
General: adjust/recolor on retest, right-side limit (bars).
Display Limits: max visible per direction; separate iFVG cap if desired.
Visuals: filled vs. outline, transparency, TF labels (auto or custom), label alignment.
Theme: presets (Pegasus Classic, Icefire, Solarized, Heatmap, Pastel, Monochrome) or Custom colors.
Timeframes: enable up to 10 TF slots (e.g., M1/M5/M15/H1/H4/D1…).
Add-on — Imbalance: enable/disable, midline on/off, filled/outline, colors.
Alerts
New Bullish FVG
New Bearish FVG
Add-on: New Bullish Imbalance
Add-on: New Bearish Imbalance
Notes & limitations
FVG detection is confirmed on bar close; intrabar retest recolor can occur as price interacts.
Historical rendering depends on chart history & session settings.
Many TFs + large box counts can be heavy; use projection limits and display caps for performance.
This tool does not generate trade signals; it visualizes inefficiencies for discretionary or rules-based workflows.
Disclaimer
For educational and informational purposes only. Not financial advice.
Access / Support: Invite-only. For access or assistance, please DM.
Script que requiere invitación
Solo los usuarios autorizados por el autor pueden acceder a este script. Tendrá que solicitar y obtener permiso para utilizarlo. Normalmente se concede previo pago. Para obtener más información, siga las instrucciones del autor o póngase en contacto directamente con Project_Pegasus.
TradingView NO recomienda pagar o utilizar un script a menos que confíe plenamente en su autor y entienda cómo funciona. También puede encontrar alternativas gratuitas de código abierto en nuestros scripts de la comunidad.
Instrucciones del autor
To request access, please send your TradingView username via DM (or Instagram: pegasus.project.official / Email: support@pegasus-indicators.com
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script que requiere invitación
Solo los usuarios autorizados por el autor pueden acceder a este script. Tendrá que solicitar y obtener permiso para utilizarlo. Normalmente se concede previo pago. Para obtener más información, siga las instrucciones del autor o póngase en contacto directamente con Project_Pegasus.
TradingView NO recomienda pagar o utilizar un script a menos que confíe plenamente en su autor y entienda cómo funciona. También puede encontrar alternativas gratuitas de código abierto en nuestros scripts de la comunidad.
Instrucciones del autor
To request access, please send your TradingView username via DM (or Instagram: pegasus.project.official / Email: support@pegasus-indicators.com
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.