Fair Value Gap (FVG)
Fair Value Gap (FVG) is an indicator used by traders to identify imbalances and inefficiencies in the market. It is based on the concept that after a sharp price movement that leaves a price gap on the chart, the market tends to fill the gap.
Our indicator automatically finds and displays the FVG on the chart.
Traders can deeply customise the parameters of the indicator:
Close gap partially
If this function is activated, levels will not close after they are covered.
By default, the function is disabled and when the marked level is reached, it closes.
Expand Gaps
The function covers the candle's imbalance for a clearer representation.
Same Direction Requested
When this function is selected, the FVG is only displayed in one direction. Opposite FVGs will be displayed on the chart, but only the patterns from the formed 3 candlesticks will be marked.
Direction type
Up and Down - Standard FVGs display, both ways.
Only Up - FVGs display, only in the buyer's direction
Only Down - FVGs display, only in the sales direction
Max number gaps
Display the specified number of gaps on the chart history
Minimal Deviation
Sort by minimum gap size, to filter out minimum values.
If the value is equal to 0%, no filtering is performed. The maximum default value is 100%. A value greater than 0% filters gaps up to 100%.
Maximal Deviation
Sort by maximum gap size, to filter out maximum values.
If the value is equal to 100%, no filtering is performed. The maximum default value is 100%. Values below 100% are filtered out gaps.
Up Color
Color selection for the Up Gaps.
Down Color
Color selection for the Down Gaps.
Draw Borders
Visually color-coding the gaps
Also visual customization: color selection and stroke style
Draw Half Line
Display of 50% gap level
Also visual customization: color selection and stroke style
Show Shrink
Gap overlap When the imbalance level is touched, the gap will be considered met or not.
Shrink always - The gap is extended after a price touchdown
Close on percente - The gap closes when the percentage of overlap you select is reached, the screenshot shows an example of 50% overlap
Close always - When the price touches the gap, gap is closes.
No Shrink - The gap will close only if one candle closes the high low of the zone completely.
Hide Closed
Remove gaps that were worked off by price touch.
Last updated