TR FVG & Swing High Low Finder

How it works

The TR FVG & Swing Level Finder analyzes price action to detect Fair Value Gaps and swing points. It identifies bullish and bearish FVGs by comparing current and previous candle highs and lows. The indicator creates colored boxes representing these gaps, with each box labeled by timeframe.

Swing highs and lows are detected using a 3-candle pattern, where the middle candle's high or low is compared to adjacent candles. The script draws lines and labels to highlight these key price levels, providing visual cues for potential trading opportunities

Why it may be useful

This indicator is crucial for traders seeking to understand market structure and potential price movements. FVGs reveal areas where price might return, acting as potential support or resistance zones. Swing highs and lows help identify key turning points in market trends.

By color-coding and labeling gaps across different timeframes, the indicator provides a comprehensive view of market dynamics. Traders can use these insights to make more informed entry and exit decisions, improving their overall trading strategy and risk management

When to explore it

The TR FVG & Swing Level Finder works best in markets with clear price action and defined trends. It is most effective on liquid markets with sufficient trading volume. Traders should use this indicator when looking to identify potential trend reversals, support and resistance levels, and trading opportunities.

It is particularly useful for swing and day traders who analyze multiple timeframes. The indicator can be applied to stocks, forex, cryptocurrencies, and other financial instruments with sufficient price movement

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