FVG/IFVG indicator based on ICT methodology

This indicator detects FVG (Fair Value Gaps) and investment zones (IFVG), key concepts of the institutional approach to ICT.

🔹 What does it detect?

• Bullish FVG: when the maximum of candle 1 is lower than the low of candle 3
• FVG bass player: when the low of candle 1 is higher than the maximum of candle 3
• iFVG (also called BPR): is formed when a bullish and a bearish FVG overlap, generating an area of double imbalance. These are usually the reaction points sought after by smart money.

🔹 Mitigation logic

• A FVG or BPR becomes an iFVG when the price closes against its original bias.
• From there, the zone is redefined as potential support or resistance.
• If the price mitigates the area (it reaches at least 50%), the indicator removes visual elements to keep the chart clean.

🔹 Visualization

• FVG standard: customizable lines between candle 1 and candle 3
• iFVG (BPR mitigated): highlighted rectangles to show the entire area
• Zones automatically disappear when 50% or more are mitigated

🔹 Customizable settings

• Show last zones: up to 100 recent zones on the chart
• Type of mitigation: according to the percentage achieved
• Style and color: customize each area according to your preferences

🔹 What is it for?
Ideal for real-time institutional analysis:

• Detect recent imbalances (FVG)
• Mark confluence zones (iFVG/BPR)
• Identify areas with a high probability of reaction
• Perfect when combined with market structure, liquidity levels and key time zones (Kill Zones)

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