A trading script that identifies Fair Value Gaps (FVGs) across multiple timeframes, highlighting supply and demand imbalances in price action with customizable visualization.
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The Fair Value Gap (FVG) script automatically scans price charts across 15-minute, 1-hour, and 4-hour timeframes to detect market imbalances. It visually represents these gaps using color-coded boxes that highlight areas where price moved quickly, leaving an inefficient trading zone.
The script tracks these gaps dynamically, showing them in different colors and styles depending on the timeframe. It can automatically close FVGs when a future candle completely disregards the identified imbalance, providing traders with real-time market structure insights.
Why it may be useful
Fair Value Gaps are critical for understanding market inefficiencies and potential reversal or continuation zones where price might seek liquidity. By visualizing these imbalances, traders can identify high-probability areas for potential entries and exits with enhanced precision.
The multi-timeframe approach allows traders to see market structure from different perspectives, helping them make more informed trading decisions by recognizing supply and demand dynamics across various time horizons.
When to explore it
The FVG script works best in markets with clear directional movements and sufficient liquidity, such as forex, futures, and major stock indices. Traders can optimize its use by combining it with other technical analysis tools like order blocks, liquidity zones, or institutional trading concepts.
It is particularly effective for traders seeking to understand market microstructure, identify potential reversal points, and develop more sophisticated entry and exit strategies across different trading timeframes.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
