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FVG Indicator

Version: v.1.0.0.0

FVG Indicator

Description

A Fair Value Gap (FVG) indicator identifies price imbalances on a chart, typically appearing as gaps between consecutive candlesticks where there is little to no overlap. These gaps suggest areas where market participants may have failed to execute orders efficiently, potentially signaling zones of support or resistance. Traders often use FVGs to predict potential price reversals or continuations, as the market may later return to these gaps to "fill" them, aligning prices with fair value. This indicator is useful for highlighting untested price levels where future market activity could occur.

Properties

  • Period [default: 18, range: 1–∞] — the parameter sets the period to search for the breakdown of key levels;
  • FVG Color — sets the color for the fvg levels;
  • FVG Opacity [default: 25, range: 0–100] — sets the opacity for the fvg levels;
  • Broken Lvl Bar Brush — sets the color of the bar that breaks through the key level;