🔥 Backdraft v10.5 Release Notes 🔥

🎉15-Minute Fair Value Gap (FVG) Feature

Our 15-Minute FVG Implementation

• Detection Timeframe: Uses 15-minute real candle data (not Heikin Ashi) for accurate FVG identification
• Display: Shows FVG boxes on any timeframe chart (1min, 5min, 15min, etc.) with consistent sizing
• Real Candle Data: FVG detection is based on actual OHLC data, ensuring accuracy regardless of your chart’s candle type

Visual Elements

• Bullish FVG Boxes: Light blue/cyan colored boxes representing support zones
• Bearish FVG Boxes: Gray colored boxes representing resistance zones
• Adaptive Positioning: Box positioning adjusts based on your current viewing timeframe

User Configurable Options

Basic Controls

• Enable 15m FVG Zones: Master on/off switch for the entire FVG feature
• Delete Old Box On Fill: When enabled, removes FVG boxes once price fills the gap completely

Visual Customization

Bullish FVG Styling

• Border Color: Customize the border color of bullish FVG boxes
• Border Width: Adjust border thickness (1-5 pixels)
• Fill Color: Set the background fill color with transparency

Bearish FVG Styling

• Border Color: Customize the border color of bearish FVG boxes
• Border Width: Adjust border thickness (1-5 pixels)
• Fill Color: Set the background fill color with transparency

Box Extension Controls

• Extend FVG Boxes to Right:
  
  • ON: Boxes extend infinitely to the right until filled
  • OFF: Boxes have a fixed width determined by the “Max Bars” setting
• Max Bars to Right: When right extension is disabled, sets the fixed width of FVG boxes (1-200 bars)

Technical Notes

Accuracy Features

• Uses real ticker data (not Heikin Ashi) for precise FVG detection
• Maintains exact 15-minute price levels regardless of display timeframe
• Consistent box sizing across all viewing timeframes

Performance Considerations

• Boxes are automatically managed and deleted when filled to maintain chart performance
• Maximum limits prevent excessive box creation
• Efficient detection algorithm minimizes computational overhead

This FVG implementation provides institutional-grade gap analysis with retail-friendly customization options, making it suitable for both beginner and advanced traders.

👻 Fixed ghosts alerts

🔥 Backdraft v10.4 Release Notes 🔥

Minor bug fixes on alerts.

🔥 Backdraft v10.3 Release Notes 🔥

This latest version of the Backdraft indicator introduces a powerful new trading strategy, significant performance enhancements, and crucial fixes to improve your trading experience.

🎉 New Feature: Trend Following Strategy

A major addition in this release is the “Trend Following Strategy” option, designed to offer a more conservative and user-friendly approach to trading.

• Beginner-Friendly A new “Enable Trend Following Strategy” option has been added. When activated, the indicator uses a more conservative 5-minute 120 EMA for its signals, which is ideal for beginners or traders who prefer clearer, trend-based signals.
  
   
• Regular Backdraft Mode: For experienced traders who are comfortable with faster signals, the Trend Following Strategy can be turned off. This reverts the indicator to its regular mode, which utilizes a 1-minute 50 EMA filter for quicker reactions.
  
   

🚀 Performance and Accuracy Enhancements

This update focused on improving the indicator’s performance and the reliability of its signals.

• Improved Signal Accuracy: The updated version includes enhanced signal accuracy.
• Smoother Visuals: The EMA plot for the Trend Following Strategy is now visually smoother, thanks to a lookahead function that doesn’t affect the core strategy logic.
• Optimized Code: The codebase has been updated for better performance and reliability.

👻 No More Ghost Alerts

A critical bug has been fixed to ensure that you only receive alerts for confirmed signals.

• Synchronized Alerts: The alert conditions for “Gold Buy” and “Gold Sell” signals are nowperfectly synchronized with the plotted shapes on the chart.
• Reliable Notifications: This fix ensures that you will not receive “ghost alerts” for signals that do not appear on the chart.

✨ Other Key Improvements

• Trailing Stop Line 2: This version introduces an optional second trailing stop line for more advanced trade management.
  
   
• Updated Table Display: The info table now provides a clearer “M5 Buy/Sell” or “M1 Buy/Sell” status, with corresponding color-coded backgrounds.
  
   
• New Inputs: The indicator now includes new inputs for enabling and configuring the Trend Following Strategy.
  
   

These updates make the Backdraft indicator more powerful, versatile, and user-friendly for traders of all experience levels. For a detailed changelog and more information, please visit the Backdraft Trading website.