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
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.