Fair Value Gap (FVG) Detector — ICT SMC Based

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This is an open-source Fair Value Gap (FVG) indicator, based on the principles taught in ICT (Inner Circle Trader) and Smart Money Concepts (SMC). It identifies imbalances or inefficiencies in price action where the body/wick of the middle candle in a three-candle formation does not overlap with the first and third candles.

🔹 What is an FVG?

An FVG is formed when there is a price imbalance, typically between three consecutive candles:

A bullish FVG forms when the low of candle 1 is above the high of candle 3.

A bearish FVG forms when the high of candle 1 is below the low of candle 3.

These gaps are believed to represent areas of institutional activity and are often used as potential entries, targets, or reaction zones.

🔹 Features:

Detects both bullish and bearish FVGs

Clean chart visuals using colored boxes

Adjustable box opacity and text alignment

Option to show or hide filled FVGs

Optional filter to only display gaps above a minimum size (e.g., 100 points)

Multi-timeframe support (if enabled in script settings)

Box label customization (text alignment: center/left/right)

🔹 How to Use:

Use the indicator on any timeframe or instrument

Larger gaps may indicate stronger price inefficiencies

Combine with market structure, liquidity zones, or order blocks for confirmation

This version is open-source, so traders can view and adapt the logic as needed.
The indicator is designed for transparency, education, and clarity of Smart Money Concepts.

kelmarin

Nota Keluaran

This is an open-source Fair Value Gap (FVG) indicator, based on the principles taught in ICT (Inner Circle Trader) and Smart Money Concepts (SMC). It identifies imbalances or inefficiencies in price action where the body/wick of the middle candle in a three-candle formation does not overlap with the first and third candles.

🔹 What is an FVG?

An FVG is formed when there is a price imbalance, typically between three consecutive candles:

A bullish FVG forms when the low of candle 1 is above the high of candle 3.

A bearish FVG forms when the high of candle 1 is below the low of candle 3.

These gaps are believed to represent areas of institutional activity and are often used as potential entries, targets, or reaction zones.

🔹 Features:

Detects both bullish and bearish FVGs

Clean chart visuals using colored boxes

Adjustable box opacity and text alignment

Option to show or hide filled FVGs

Optional filter to only display gaps above a minimum size (e.g., 100 points)

Multi-timeframe support (if enabled in script settings)

Box label customization (text alignment: center/left/right)

🔹 How to Use:

Use the indicator on any timeframe or instrument

Larger gaps may indicate stronger price inefficiencies

Combine with market structure, liquidity zones, or order blocks for confirmation

This version is open-source, so traders can view and adapt the logic as needed.
The indicator is designed for transparency, education, and clarity of Smart Money Concepts.