Inner Circle Trader (ICT) Fair Value Gap (FVG) for NT8

[barbaros]

Platform

1. NinjaTrader

Another indicator from NinjaTrader Ecosystem. Simple implementation of The Inner Circle Trader's (ICT - http://theinnercircletrader.com) Fair Value Gap (FVG). I couldn't find an NT8 implementation and so figured I'd share.

The indicator has the following parameters:

Max Lookback Bars
This is the maximum number of prior bars to use for FVG detection. Defaults to 500.

ATR Period
The indicator uses the ATR to determine if there has been an impulse move. This is the number of bars to use for ATR calculation. Defaults to 10.

ATRs in Impulse Move
The number of ATRs in a single bar to be considered an "Impulse" move. Defaults to 1.1.

 

[Marcel]

Love this!
Could you please code an option to adjust the color settings for the borders?

 

[Marcel]

@barbaros If you could, will you please make a fvg style indicator for volume imabalance? I imagine it to plot the same way, only between the Close and Open of adjacent candles whos bodies do not overlap that range. Are you familiar?

 

[barbaros]

Are you referring to orderflow Delta?

 

[Marcel]

Are you referring to orderflow Delta?

Sorry I realized the B4 community refers to volume imbalances differently. ICT refers to them as gaps between the Close and Open of two candles, where either there is no overlap or just the wicks overlap.
Close[1] > Open
or
Close[1] < Open
Depending on the aggregation, it may populate a lot of plots, so I like the feature you have in the FVG indicator as to show filled gaps or not. A MTF feature could be helpful too if possible

 

[barbaros]

Ah, yeah, volume imbalance in orderflow doesn’t relate to open close prices. I’m not too familiar with ICT concepts. Got it for gaps pretty much. However, if there is a gap, it won’t be FVG, right?

 

[FDT]

I wanted to try this indicator out, but I am not able to download it until I get administrator approval. I signed up a few days ago. Is there something else I need to do?

 

[barbaros]

I wanted to try this indicator out, but I am not able to download it until I get administrator approval. I signed up a few days ago. Is there something else I need to do?

There is no approval for the download, what is the error message you are getting?

 

[FDT]

That was the message I was getting - as a new member I had to wait for an admin to approve my membership. I just tried to download the indicator again and was allowed to do so. Thanks!!

 

[Marcel]

Ah, yeah, volume imbalance in orderflow doesn’t relate to open close prices. I’m not too familiar with ICT concepts. Got it for gaps pretty much. However, if there is a gap, it won’t be FVG, right?

If there is a gap between the Open and Close described above, then that would be considered a volume imabalance (VIB) according to ICT. These are points of interest in his concepts. I am not familiar with coding in NT8, but it appears that the FVG logic would work very well if coded to plot according to those Open and Close parameters. Could you create a code that does this? Also could you add something to the FVG code above? I would like have an option to plot fibs within the fvg. Is it possible to code an input section in the script so we can manually add or adjust the levels that are auto plotted within a fvg? (Would like 50% for sure, and then play around with other levels. )

 

[Marcel]

Someone's got interesting additions to the FVG script. Could someone try to modify the original to match?

way expensive