This Fair Value Gap (FVG) Indicator is a technical analysis tool that helps traders identify price imbalances.

Features:

• Toggle visibility of bullish and/or bearish gaps
• Displays color-coded boxes for easy visualization (default: green for bullish, red for bearish, gold for midpoint levels)
• Adjustable lookback period to reduce chart clatter
• Configurable box extension setting (offset) for better visualization

Parameters:

• Timeframe: Select your preferred timeframe to display FVGs
• Offset: Adjust the horizontal extension of FVG boxes (3-500)
• Periods: Set the lookback period for historical FVG calculation
• Show Bullish/Bearish FVGs
• Colours: Customize colours for bullish FVGs, bearish FVGs, and midpoint lines

Trading Applications:

• Support and Resistance: FVGs often act as strong support/resistance levels
• Price Magnets: Unfilled gaps tend to attract price action (DOL)
• Market Structure: Help identify potential reversal zones and continuation points of interest
• Order Block Analysis: Spot institutional trading zones

Best Application Practices:

• Use in conjunction with other technical analysis tools.
• Higher timeframes produce more significant FVGs, Lower timeframes FVG used with Higher timeframe Directional Bias
• Monitor how price reacts when returning to FVG zones
• Pay attention to the midpoint line as it often serves as a price magnet
  
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