An advanced screener that identifies Inverse Fair Value Gaps across multiple tickers, providing detailed insights into market imbalances and potential trading opportunities.
Explore complementary indicator rolesHow it works
The Inverse Fair Value Gap (IFVG) Screener operates by detecting market imbalances through specific chart formations where price movements create gaps. It analyzes up to 5 tickers simultaneously, tracking the status of these gaps, including their current position relative to price, number of retests, and consumption percentage.
The algorithm can be customized with various settings like zone invalidation methods, detection sensitivity, and volume thresholds. It identifies when a Fair Value Gap becomes invalidated, creating an Inverse Fair Value Gap, and tracks how the price interacts with these zones through parameters like status (far, approaching, inside) and retest count.
Why it may be useful
The IFVG Screener provides traders with a sophisticated tool for identifying potential market reversals and trading opportunities across multiple assets simultaneously. By highlighting market imbalances and tracking their progression, traders can gain insights into potential price movements and strategic entry points.
This tool's unique approach of presenting comprehensive information about IFVGs, including consumption percentage, volume, and retest data, allows traders to make more informed decisions. The customizable settings enable traders to adapt the screener to their specific trading style and market conditions.
When to explore it
The IFVG Screener is most effective in markets with clear price movements and identifiable imbalances, particularly during periods of increased volatility. Traders can leverage this tool in fast-moving markets where quick identification of potential reversals is crucial, such as during news events or significant market shifts.
It is particularly useful for traders seeking to identify market inefficiencies and potential entry points across multiple timeframes. The screener works best when combined with other technical analysis tools and when traders carefully interpret the nuanced information about Fair Value Gaps and their invalidation.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
