Summary of ✨IFVG Indicator (Hidden FVG) on TradingView - Free - [TradingFinder]✨

Summary

The video titled "✨IFVG Indicator (Hidden FVG) on TradingView - Free - [TradingFinder]✨" discusses the use of indicators on TradingView, particularly focusing on the IFVG (Inner Fair Value Gap) indicator. The main financial strategies, market analyses, and business trends presented in the video include:

Main Financial Strategies

• Identifying Price Ranges: Traders are guided to identify significant Price Ranges by analyzing Candle Patterns, specifically looking for overlaps in the shadows of the first and third candles during the second half of the range.
• Support and Resistance Levels: The identified ranges can be used to determine Support and Resistance Levels where price reactions may occur.
• Candle Number for Range Validity: A default of 10 candles is set for range validity; if the price does not reach or pass through these candles, the range is considered invalid.

Methodology/Step-by-Step Guide

1. Accessing Indicators:
   • Go to the indicator section on TradingView and apply selected indicators.
   • Enable auto options to add personal indicators.
2. Drawing Price Ranges:
   • Identify ranges where the shadows of the first and third candles overlap in the second half.
   • Determine if the range is bullish or bearish.
3. Setting Range Validity:
   • Default is set to 10 candles; adjust as needed.
   • Use conditions based on the Malfie Phillips method to validate ranges.
4. Applying Filters:
   • Categorize ranges into four conditions based on a top-down approach, increasing strictness as you go higher.
5. Setting Alerts:
   • Enable alerts to notify when prices hit a specified range.
   • Set alerts based on desired UTC time.
6. Color Coding and Visualization:
   • Utilize color options to visualize bullish or bearish spaces on the chart.

The video concludes with an invitation for viewers to share comments and suggestions regarding the tutorial.

Presenters/Sources

• The video is presented by TradingFinder.

Notable Quotes

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Category

Business and Finance

Video