Inverse Fair Value Gap PaintBar
Inverse Fair Value Gap PaintBar adds an unmissable visual layer to your chart by coloring entire price bars when the close is inside an active IFVG zone. Green bars signal price is inside a bullish IFVG — a former bearish FVG that was mitigated and flipped to demand. Red bars signal price is inside a bearish IFVG — a former bullish FVG that was mitigated and flipped to supply. Bars outside all IFVG zones retain their normal candlestick colors.
- ●Green-colored bars appear when price closes inside a bullish Inverse FVG zone — potential long entry at the polarity-flipped demand level
- ●Red-colored bars appear when price closes inside a bearish Inverse FVG zone — potential short entry at the polarity-flipped supply level
- ●BullIFVGColor and BearIFVGColor inputs let you customize the highlight colors to match your chart theme
- ●Optional AlertOnZoneEntry fires an alert on the first bar entering an IFVG zone
- ●Tracks entry state per zone — alerts fire only once per zone visit, not on every bar inside
- ●Includes the same two-stage detection engine with all MinGapATR, MaxIFVGAge, MaxOrigFVGCount, and MaxOrigFVGAge filters
- ●Bullish takes priority if price is simultaneously inside both a bullish and bearish IFVG zone
The PaintBar is the fastest way to see IFVG zone interaction on a busy chart. When you see green or red bars, you know price is inside a polarity-flipped FVG zone without needing to check zone boundaries or any data.
All signals are guaranteed non-repainting. Once a bar is colored on close, the color will never change.
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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 PaintBar is designed as a visual confirmation layer that works alongside the chart indicator and ShowMe study. Use it when you want the fastest possible recognition of when price is interacting with polarity-flipped FVG zones.
Apply it to the same chart as the Inverse FVG chart indicator. The zones show you where polarity flips occurred, and the painted bars show you exactly which bars are inside those zones. Add the ShowMe study for entry dots at the transition point.
Particularly effective on 5-minute to 15-minute charts during active trading sessions. The color contrast between green/red IFVG bars and normal candlestick colors makes zone interaction visible even when monitoring multiple charts. Because IFVG zones are rarer than regular FVG zones, the painted bars carry more significance — each colored bar represents interaction with an advanced polarity-flipped level.
See It in Action
Example chart showing Inverse Fair Value Gap PaintBar 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-paintbar.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-paintbar.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 PaintBar study
In the Add Studies dialog, click the PaintBar tab on the left side. Find "!IndHub-PB_InverseFVG_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: BullIFVGColor (default Green) and BearIFVGColor (default Red) control the bar colors. AlertOnZoneEntry (default false) enables alerts. Detection settings (MinGapATR, MaxIFVGAge, MaxIFVGCount, MaxOrigFVGCount, MaxOrigFVGAge) control the two-stage detection pipeline.
Common Issues
I do not see any colored bars. The indicator is applied but nothing is painted.
The PaintBar only colors bars when the close is inside an active IFVG zone. IFVGs are rare because they require the two-stage detection pipeline (FVG formation then full mitigation and polarity flip). If no active IFVGs exist near current price, no bars will be painted. Check the chart indicator to see where IFVG zones are. Increase MaxOrigFVGCount and MaxOrigFVGAge to track more original FVGs and increase the chance of detecting polarity flips.
Can I change the IFVG zone colors?
Yes. To change colors, right-click anywhere on the chart, go to Studies > Edit Studies..., select the indicator, click the Inputs tab, and change BullIFVGColor and BearIFVGColor to any TradeStation color name (Cyan, Magenta, Yellow, White, etc.) or RGB values. Choose colors that are distinct from your regular FVG PaintBar colors (if you use both) so you can tell them apart at a glance.
Can I use this alongside the regular Fair Value Gap PaintBar?
Yes, but be aware that both PaintBars will compete to color the same bars when zones overlap. TradeStation applies PaintBar studies in the order they were added — the last one applied takes priority. Use distinctly different colors for each (e.g., regular FVG in Green/Red, IFVG in Cyan/Magenta) and note which study was applied last to understand the visual priority.
For additional help, contact support.