Simple Fair Value Gap
- Göstergeler
- Felix Bitum
- Sürüm: 1.1
Simple Fair Value Gap
Unlock the power of fair value gaps with this simple and precise, easy to use indicator designed to identify and visualize market inefficiencies
Simple Fair Value Gap is an mt5 indicator which paints the center of a fair value gap candle with a different color.
A Fair Value Gap (FVG) is a three candle formation in which the middle candle does not get completely overlapped by the left and right candle. i.e The difference between the high and low of either left or right candle when they do not overlap is the fair value gap.
The fair value gap signals an imbalance between buyers and sellers, potentially signalling future price correction or momentum opportunities.
The Fair Value Gap is a famous ICT concept
Key Features
- Clean Chart: Effortlessly highlights fair value gaps directly on your chart, in a clean way.
- Unique Color Coding: Each fair value gap is distinctly colored by a bar inside its candle for immediate recognition. Each FVG color for either bearish or bullish can be adjusted.
- Toggle on/off: The indicator can be hidden by using custom keyboard shortcuts.
- All Time-frames Compatibility: Works across all time-frames.
- Non-Repaint: The indicator is non-repainting
- No objects: indicator does not draw objects on the chart, keeping your chart clean
- Low-Latency Calculations: The indicator uses minimal computational overhead to ensure rapid and smooth performance
Inputs
Input Variable | Explanation |
---|---|
FVG location | choose between FVG within only candle body, within candle, or any FVG |
show FVG | Choose whether to show FVGs by default (true/false) |
Hide/Show FVG Key shortcut | Set a keyboard shortcut to hide/show the FVG |
Bearish FVG Color | Choose a color for the bearish FVG |
Bullish FVG color | Choose a color for the bullish FVG |