OPEN-SOURCE SCRIPT
Fair Value Gap [Custom]
📌 FVG Indicator – Smart Money Concepts Tool
This script is based on Smart Money Concepts (SMC) and automatically detects and marks Fair Value Gaps (FVG) on the chart, helping traders identify unbalanced price areas left behind by institutional moves.
🧠 What is an FVG?
An FVG (Fair Value Gap) is the price gap formed when the market moves rapidly, leaving behind a candle range where no trading occurred — typically between Candle 1’s high and Candle 3’s low (in a three-candle pattern). These gaps often signal imbalance, created during structural breaks or liquidity grabs, and may act as retrace zones or entry points.
🛠 Features:
✅ Automatically detects and highlights FVG zones (high-low range)
✅ Differentiates between open (unfilled) and closed (filled) FVGs
✅ Adjustable timeframe settings (works best on 1H–4H charts)
✅ Option to toggle display of filled FVGs
✅ Great for identifying pullback entries, continuation zones, or reversal setups
💡 Recommended Use:
After BOS/CHoCH, watch for price to return to the FVG for entry
Combine with Order Blocks and liquidity zones for higher accuracy
Best used as part of an ICT or SMC-based trading system
This script is based on Smart Money Concepts (SMC) and automatically detects and marks Fair Value Gaps (FVG) on the chart, helping traders identify unbalanced price areas left behind by institutional moves.
🧠 What is an FVG?
An FVG (Fair Value Gap) is the price gap formed when the market moves rapidly, leaving behind a candle range where no trading occurred — typically between Candle 1’s high and Candle 3’s low (in a three-candle pattern). These gaps often signal imbalance, created during structural breaks or liquidity grabs, and may act as retrace zones or entry points.
🛠 Features:
✅ Automatically detects and highlights FVG zones (high-low range)
✅ Differentiates between open (unfilled) and closed (filled) FVGs
✅ Adjustable timeframe settings (works best on 1H–4H charts)
✅ Option to toggle display of filled FVGs
✅ Great for identifying pullback entries, continuation zones, or reversal setups
💡 Recommended Use:
After BOS/CHoCH, watch for price to return to the FVG for entry
Combine with Order Blocks and liquidity zones for higher accuracy
Best used as part of an ICT or SMC-based trading system
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.