Fair Value Gap (FVG)
Last updated
Last updated
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.
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.
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.
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
Display the specified number of gaps on the chart history
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%.
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.
Color selection for the Up Gaps.
Color selection for the Down Gaps.
Visually color-coding the gaps
Also visual customization: color selection and stroke style
Display of 50% gap level
Also visual customization: color selection and stroke style
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.
Remove gaps that were worked off by price touch.
