FVG (Fair Value Gaps)

The FVG (Fair Value Gaps) indicator is a sophisticated technical analysis tool designed to identify and display fair value gaps on trading charts across multiple timeframes. Fair value gaps represent price inefficiencies that occur when there's a complete separation between consecutive candles, creating an unfilled price zone. The indicator detects these gaps by analyzing three consecutive candles: it identifies bullish FVGs when a green middle candle creates a gap where the high of the left candle is below the low of the right candle, and bearish FVGs when a red middle candle creates a gap where the low of the left candle is above the high of the right candle.
The indicator offers comprehensive customization options and intelligent filtering capabilities. Users can select any higher timeframe for FVG detection while viewing on lower timeframes, choose to display only bullish or bearish gaps, and optionally filter for large candles only to focus on more significant market inefficiencies. The system includes automatic management features such as limiting the maximum number of displayed FVGs to prevent chart clutter, customizable extension lengths for forward projection, and a validation system that continuously monitors whether gaps remain unfilled or have been invalidated by subsequent price action.
Visually, the indicator represents FVGs as colored rectangular boxes with dashed border lines, using green for bullish gaps and red for bearish gaps with full transparency control. When FVGs become invalid (filled by price), they automatically change to gray coloring to indicate their status. The indicator includes real-time alert functionality that triggers when price enters or touches FVG zones, making it valuable for both manual trading decisions and automated trading strategies. Additionally, it features a built-in Telegram channel reference for community support and educational resources.