[Yorsh] BJN MTF FVG/iFVG v1.0

1. Executive Summary

The [Yorsh] BJN MTF FVG/iFVG v1.0 is a highly specialized and performance-optimized tool for TradingView that provides a multi-layered view of market imbalances. Built on the modern PineScript v6, its sole purpose is to detect and display Fair Value Gaps (FVGs) from up to five user-defined higher timeframes directly onto a single chart.

In a market saturated with "all-in-one" tools that slow down trading platforms, this indicator's primary competitive advantage is its unrelenting focus on speed and clarity. It is engineered from the ground up to be a lightweight, efficient, and "noise-reducing" utility. It provides traders with essential higher-timeframe context without the lag, clutter, or performance degradation typical of other multi-timeframe (MTF) indicators.

2. Core Features Overview

The indicator is designed with a "do one thing well" philosophy, concentrating on the accurate and efficient plotting of multi-timeframe FVGs.

A. Multi-Timeframe (MTF) FVG Plotting

Up to Five Custom Timeframes: You can monitor FVGs from any five timeframes of your choice (e.g., 1m, 3m, 5m, 15m, 1H) simultaneously, all from your main trading chart. This eliminates the need to constantly switch between charts to understand the broader market structure.

Clear Labeling: Each FVG box is cleanly labeled with its corresponding timeframe (e.g., "5 ✔"), so you can instantly identify its origin and significance.

B. Intelligent FVG Validation & Sizing

Dynamic Sizing Rules: The indicator intelligently validates FVGs based on their size in points. It automatically applies a larger minimum size requirement during the volatile NY session and a smaller requirement for non-NY hours, effectively filtering out minor, insignificant gaps and focusing only on meaningful imbalances.

Validity Markers: FVGs that meet the minimum size criteria are marked with a checkmark ("✔") and extended slightly into the future, signifying them as potent support/resistance zones. Undersized FVGs are marked with an "✖" and treated as potential areas of weakness.

C. Unique "iFVG" Noise Reduction

This is a key feature for maintaining a clean chart. The indicator tracks undersized, "invalid" FVGs and waits to see how the market reacts to them.

Automatic Deletion or Recolor: When the price closes through an invalid FVG (creating an "iFVG" or inverted FVG), the user has two choices:

Delete Box (Default): The box is automatically removed from the chart. This is the "Noise Reduction" mode, designed to keep the workspace free of irrelevant, broken levels.

Recolor Box: The box is recolored to a faded gray. This option is ideal for traders who want to backtest and study how these broken, minor FVGs behave as future support or resistance.

D. Smart Visibility Options

Prevents Duplication: The indicator includes an intelligent option to automatically hide an MTF box if its timeframe matches your current chart's timeframe. This is designed to work seamlessly with a Current Timeframe (CTF) FVG indicator, preventing redundant, overlapping boxes.

3. The Performance Advantage: A Lag-Free MTF Experience

Multi-timeframe indicators are notoriously resource-intensive and are the primary cause of chart lag on TradingView. The BJN MTF FVG indicator was specifically engineered to solve this problem, making it far superior to its competitors.

Optimized timeframe.change() Trigger: Instead of recalculating its logic on every single price tick, the script only runs its intensive request.security calls when a candle closes on the specified higher timeframe. This reduces the number of calculations by over 99% compared to poorly coded MTF indicators, resulting in a dramatic performance increase.

Strict Historical Limits: The user can define a maximum history lookback (in hours or minutes) for each timeframe. For example, the 1-minute chart might only process the last 4 hours of data. This prevents the indicator from drawing thousands of historical boxes that are no longer relevant, which is the main cause of platform freezing and slow loading times.

Lightweight State Management: The script maintains a very small, active list of only the invalid FVGs it needs to monitor for inversion. Valid FVGs are simply "fire-and-forget" drawings, meaning they don't consume ongoing memory or processing power.

In short, this indicator delivers the critical higher-timeframe context traders need without ever compromising the speed and responsiveness of your trading platform.

4. Ideal User Profile

This indicator is the perfect tool for:

Day Traders and Scalpers: Who need to be aware of higher-timeframe support and resistance levels without leaving their execution chart.

SMC / ICT Traders: Who use multi-timeframe FVG confluence as a core part of their trading strategy.

Performance-Focused Traders: Anyone who has experienced chart lag from other indicators and desires a clean, fast, and reliable toolkit.

Traders Seeking Clarity: Individuals who prefer a decluttered workspace and want an indicator that intelligently removes irrelevant information.

5. Conclusion

The [Yorsh] BJN MTF FVG/iFVG v1.0 excels through its simplicity, intelligence, and exceptional performance. It rejects the "kitchen-sink" approach of other tools and instead provides a refined, highly optimized solution to one of the most important tasks in modern trading: analyzing multi-timeframe market structure. It is a faster, cleaner, and more intelligent way to map higher-timeframe liquidity.