# 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.

<figure><img src="https://4186075531-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-LD6FsRvQ3jgwJIg6O7r%2Fuploads%2FpRh4bDKCZ06HWWBdl3jY%2F1.gif?alt=media&#x26;token=66593b6a-8c32-4cbb-b5cf-b0af5836c233" alt=""><figcaption></figcaption></figure>

#### **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.

<figure><img src="https://4186075531-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-LD6FsRvQ3jgwJIg6O7r%2Fuploads%2F1qmLHOxJJbTjgKwoN1cm%2F3.png?alt=media&#x26;token=6599f7de-1a68-4bc1-8ec2-7aa10532c08b" alt=""><figcaption></figcaption></figure>

#### **Direction type**

*Up and Down -* Standard FVGs display, both ways.&#x20;

*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

<figure><img src="https://4186075531-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-LD6FsRvQ3jgwJIg6O7r%2Fuploads%2FDFiuu3Ohnc4y9zZXAQsy%2F3.gif?alt=media&#x26;token=6ff8c795-f4f9-41e8-8ab2-f581ee5cfb75" alt=""><figcaption></figcaption></figure>

#### **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.

<figure><img src="https://4186075531-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-LD6FsRvQ3jgwJIg6O7r%2Fuploads%2FsdzeQKFO10kvf70iU3MP%2Fimage.png?alt=media&#x26;token=7de00ddc-06f5-4c3e-be5a-705c5a6de690" alt=""><figcaption></figcaption></figure>

#### **Hide Closed**

Remove gaps that were worked off by price touch.

<figure><img src="https://4186075531-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-LD6FsRvQ3jgwJIg6O7r%2Fuploads%2Fzl2V25Q8yepWFskLYW5h%2F4.gif?alt=media&#x26;token=88e6cb27-2407-463b-8216-b6ad78b57b85" alt=""><figcaption></figcaption></figure>