FVG Candle TYHE42

7 Jul

This indicator highlights potential Fair Value Gaps (FVGs) directly on the relevant candle by changing its body color.

The logic is simple yet effective:

A bullish FVG is detected when the current low is above the high from two candles back.

A bearish FVG is detected when the current high is below the low from two candles back.

When such a gap is detected, the previous candle is colored (default: yellow) to provide a clean, unobtrusive visual cue. This helps traders quickly identify price imbalances without cluttering the chart with shapes or labels.

Users can customize the highlight color from the settings to better suit their chart theme or personal preference.

This indicator is especially useful for traders using Smart Money Concepts (SMC), ICT, or other price imbalance-based strategies.

21 Jul

Nota Keluaran

█ Overview
Fair Value Gap (FVG) Candle Highlighter is a minimalist yet powerful tool designed for traders who follow Smart Money Concepts (SMC), ICT methodologies, or any strategy based on price imbalances.
Rather than cluttering the chart with boxes or labels, this indicator simply changes the body color of a candle when a potential Fair Value Gap is detected — offering a clean, fast, and unobtrusive way to visualize institutional inefficiencies in price.

Fair Value Gaps often represent zones where price could return for rebalancing before continuing in the dominant direction. This tool allows you to spot those zones instantly and keep your focus on price structure.

█ How It Works
⚪ Fair Value Gap Detection
A Fair Value Gap is detected when a price imbalance occurs between the current candle and the one two candles back:

If the current candle’s low is higher than the high from two candles ago, a bullish FVG is detected.

If the current candle’s high is lower than the low from two candles ago, a bearish FVG is detected.

When such a gap is detected, the previous candle is highlighted (default color: yellow) to signal the imbalance, without drawing any shapes or zones.

█ How to Use
Use the highlighted candles as potential reaction zones — places where price may return before resuming its trend.
Combine with order blocks, liquidity zones, or breaks of structure for high-probability trade setups.
Suitable for all timeframes, ideal for intraday and swing trading.

█ Settings
Highlight Color – Choose the candle color used to mark detected FVGs.

Detection Toggle – Enable or disable FVG detection globally (no bullish/bearish distinction).

Lightweight Design – No boxes or labels, just candle color changes for a clean chart.

█ Why It's Original
Most FVG indicators draw persistent zones or overlays, which can quickly clutter your chart.
This tool takes a cleaner approach by embedding imbalance detection directly into price action through candle color — offering clarity and flexibility without losing key information.
Designed for traders who understand market structure and want a fast, distraction-free way to read imbalances.

⚠️ Disclaimer
This script is for educational purposes only and does not constitute financial advice. Always perform your own research and trade responsibly.