Inverse Fair Value Gap Chart
Inverse Fair Value Gap Chart implements the full two-stage detection pipeline: first identifying regular FVGs using the standard 3-candle wick-to-wick pattern, then monitoring those gaps for complete mitigation and polarity flip. When a bullish FVG is fully penetrated by a bearish close, it transforms into a bearish IFVG zone. When a bearish FVG is fully penetrated by a bullish close, it transforms into a bullish IFVG zone. The indicator draws the flipped zones on your chart with CE midpoint lines.
- ●Green zones mark bullish IFVGs — former bearish FVGs that were fully mitigated and flipped to demand, acting as support when price returns
- ●Red zones mark bearish IFVGs — former bullish FVGs that were fully mitigated and flipped to supply, acting as resistance when price returns
- ●50% Consequent Encroachment (CE) midpoint line drawn inside each IFVG zone as a dotted line — the precision entry level for retest trades
- ●MinGapATR (default 0.1) controls the minimum size of the original FVG before it can become an IFVG — filters out noise gaps that produce unreliable polarity flips
- ●MaxIFVGAge (default 100 bars) automatically expires IFVG zones that price never returned to retest
- ●MaxIFVGCount (default 10) limits simultaneous IFVG zones per side to keep charts clean
- ●MaxOrigFVGCount (default 10) controls how many regular FVGs are tracked simultaneously for potential mitigation — higher values catch more polarity flips but use more memory
- ●MaxOrigFVGAge (default 200 bars) determines how long a regular FVG is monitored for mitigation before being dropped — older FVGs that get mitigated late may be less significant
- ●Automatic second-stage mitigation removes IFVG zones when price closes through them in the direction that invalidates the flipped polarity
- ●Plot1 outputs +1 inside a bullish IFVG, -1 inside a bearish IFVG, and 0 outside all IFVG zones
The highest-probability IFVG setups are first retests of fresh polarity flips. The logic is that the original FVG represented institutional imbalance in one direction — when that imbalance was consumed and price reversed through it, the zone now carries the opposite institutional intent.
All zone detection uses confirmed bar data only. Non-repainting guaranteed.
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Part of the Inverse Fair Value Gap Bundle
Get all 4 study types for $65 — save $30
Who This Is For
Inverse Fair Value Gap Chart is built for advanced SMC and ICT practitioners who understand the concept of mitigated FVGs and polarity flips. This is not a beginner-level indicator — it requires understanding of regular FVGs, mitigation, and why a fully penetrated gap takes on opposite significance. If you already trade regular FVGs and want to add the advanced IFVG layer, this indicator automates the two-stage detection.
Use it on intraday charts (5-minute to 15-minute) for day trading retest entries at IFVG zones. The default MinGapATR of 0.1 catches most meaningful original FVGs for polarity tracking. Increase to 0.25 to focus only on larger original gaps that produce more significant IFVGs. For swing trading on hourly or daily charts, increase MaxOrigFVGAge to 300+ so you track FVGs for longer before they expire.
The indicator performs best on liquid markets with genuine institutional flow: index futures (ES, NQ), NASDAQ-100 stocks, and high-volume ETFs. The two-stage detection requires sufficient price action to both create and then mitigate FVGs, so very quiet or thin markets may produce few signals.
Look for fresh IFVG zones created by recent polarity flips. When price returns to the zone for the first time and approaches the CE midpoint, evaluate for a continuation entry in the direction of the IFVG bias. Place stops beyond the opposite zone boundary. The strongest setups align the IFVG direction with the higher-timeframe trend.
See It in Action
Example chart showing Inverse Fair Value Gap Chart on a live trading session
Example chart showing Inverse Fair Value Gap Chart on a live trading session
Installation Guide
Step 1: Download the indicator file
After purchasing, you will receive a download link via email. Click the link and save the inverse-fvg-chart.eld file to your computer. Save it somewhere easy to find like your Desktop or Downloads folder.
Step 2: Open the Import Wizard
Open TradeStation. Click the File menu in the top-left corner, then select Import/Export EasyLanguage to launch the Import/Export Wizard.
Step 3: Select the import type
In the Import/Export Wizard, select "Import EasyLanguage file (ELD, ELS or ELA)" from the list. Click Next to continue.
Step 4: Browse for the file
Click the Browse button to open a file browser where you can locate your downloaded .ELD file.
Step 5: Select and open the file
Navigate to the folder where you saved the .ELD file. Select inverse-fvg-chart.eld and click Open. The file name shown may differ from the screenshot — look for your downloaded indicator file.
Step 6: Open the Studies menu
On your chart, click the Studies dropdown in the toolbar and select Add Study.
Step 7: Select the indicator
In the Add Studies dialog, make sure the Indicator tab is selected on the left side. Find "!IndHub-InverseFVG_Chart_v1" in the list, select it, and click OK to apply.
Step 8: Configure settings (optional)
Right-click anywhere on the chart, go to Studies > Edit Studies..., select the indicator, and click the Inputs tab. Key inputs: MinGapATR (default 0.1, minimum original FVG size as ATR multiple), MaxIFVGAge (default 100, IFVG zone expiration in bars), MaxIFVGCount (default 10), MaxOrigFVGCount (default 10, tracked regular FVGs), MaxOrigFVGAge (default 200, how long to monitor FVGs for mitigation), ShowBullish/ShowBearish (toggle sides), ShowMidpoint (toggle CE line), BullColor/BearColor (zone colors).
Common Issues
I see very few IFVG zones compared to regular FVG zones. Is the indicator working?
Yes. Inverse FVGs are inherently rarer than regular FVGs because they require a two-stage process: first a regular FVG must form, then it must be fully mitigated by a close through the entire gap. Many regular FVGs are only partially filled or never revisited at all. The rarity is what makes IFVGs high-probability setups. If you want more signals, increase MaxOrigFVGCount and MaxOrigFVGAge to track more original FVGs for longer, or lower MinGapATR to include smaller original gaps.
What is the difference between a regular FVG and an Inverse FVG?
A regular FVG is the 3-candle wick-to-wick gap pattern — untraded price space representing institutional imbalance. An Inverse FVG is a regular FVG that was fully mitigated (price closed through the entire gap) and flipped polarity. A bullish FVG that gets mitigated becomes a bearish IFVG. A bearish FVG that gets mitigated becomes a bullish IFVG. The polarity flip represents the market rejecting the original institutional thesis and establishing the opposite bias.
IFVG zones disappear from my chart. Is the indicator repainting?
No, the indicator does not repaint. IFVG zones are removed for two reasons: second-stage mitigation (price closed through the IFVG zone, invalidating the polarity flip) or expiration (the zone exceeded MaxIFVGAge bars). Both are expected behavior. Increase MaxIFVGAge if you want zones to persist longer.
Can I use this alongside the regular Fair Value Gap Bundle?
Yes, and this is the recommended workflow. Apply the regular FVG chart indicator to see active unfilled gaps. Apply the Inverse FVG chart indicator to see gaps that were filled and flipped polarity. Together they give you the complete FVG lifecycle: formation, fill, and polarity flip. Use different zone colors for each indicator so you can distinguish regular FVGs from IFVGs at a glance.
For additional help, contact support.