OPEN-SOURCE SCRIPT

Smart MTF Fair Value Gap Strategy

300
The Multi-Timeframe Fair Value Gap (FVG) Strategy is designed to identify institutional imbalance zones (Fair Value Gaps) from a higher timeframe and trade them efficiently on the current chart timeframe.

🔹 Core Logic

Detects Bullish FVGs when there’s a gap between a prior higher-timeframe high and the following low.

Detects Bearish FVGs when there’s a gap between a prior higher-timeframe low and the following high.

Zones are plotted as colored boxes (green for bullish, red for bearish).

When price re-enters a zone, the strategy automatically places trades with defined stop-loss and take-profit levels.

🔹 Risk Management

Stop-loss is set at the opposite side of the zone.

Take-profit is calculated using a customizable Risk:Reward ratio (default 2:1).

Adjustable position sizing and execution rules (enter on touch or require strict close inside zone).

🔹 Inputs & Features

Higher Timeframe selection (e.g., H1, H4, Daily).

Customizable box width for better visualization.

Toggle to show/hide zones.

Strict entry filter to avoid premature signals.

Works in both long and short directions.

⚡ This strategy provides a simple yet powerful way to visualize institutional FVG levels and test structured entries around them with proper risk management.

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.