HTF FVG and Wick Fill tracking

How it works

The indicator first allows users to overlay a higher timeframe candle on the current chart, providing a comprehensive view of price movement across different time periods. It then identifies specific price imbalances such as fair value gaps (FVGs) and large candle wicks on the chosen higher timeframe, while maintaining the current chart's lower timeframe view.

These identified imbalance areas can be optionally extended forward to the current timeframe and tracked in real-time. As these areas get 'filled' to the user's predefined level, they are automatically removed from the chart, allowing traders to visually track liquidity absorption and market rebalancing.

Why it may be useful

This indicator provides traders with a unique perspective on market dynamics by highlighting areas where price is likely to return and rebalance. By identifying fair value gaps and significant candle wicks, traders can anticipate potential price movements and liquidity zones that might otherwise be overlooked in standard chart analysis.

The ability to view imbalances across different timeframes offers a more comprehensive understanding of market structure. Traders can gain insights into hidden liquidity pools and potential reversal or continuation zones, which can significantly improve entry and exit decision-making strategies.

When to explore it

The indicator is most effective in markets with clear price imbalances and significant liquidity movements, such as forex, crypto, and major stock indices. It works best during periods of consolidation or when price has made rapid, directional moves that leave behind noticeable gaps or significant wicks.

Traders should use this tool when seeking to identify potential support and resistance levels that are not immediately apparent through traditional technical analysis. It is particularly useful for traders who focus on price action strategies and want to understand the underlying market mechanics of liquidity absorption and market structure.

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