Sonarlab - Double Fair Value Gap (DFVG)

The Double Fair Value Gap will give great zones where price in the future can react off. The script is Multi Timeframe. Of course the name says it already, the script basically searches for area's where a FVG gets rebalanced with another Fair Value Gap - a double fair value gap. Amazing for searching strong buying and selling pressure in the markets.

You can see below for example that price creates a Double Fair Value Gap and comes back to fill it.

You can customize the script how you like it, with the following settings and inputs:

• Show double fair value gap
  
• DFVG Lookback: {value}
  
• Display Limit {value}
  
• Colors: Bullish and Bearish DFVG
  
  Extension
  
• Extend to {recent or max}
  
• Custom extension: {value}
  
  Mitigation
  
• Mitigated: {remove or stop}
  
• Mitigation level {value %}
  
  Customize Box Text
  Premium Zone
  
  Midline
  
• Show midline
  
• Styling settings
  
  Alerts]
  
• Bullish Alert
  
• Bearish Alert
  

Versionsinformation:

- Fixed Bearish DFVG intermittently not showing

Versionsinformation:

- Fixed Bearish DFVG intermittently not showing