LT_FairValueGap

03/09/2025
1
Desktop
Desde 25/09/2024
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LT_FairValueGap is a lightweight and powerful Fair Value Gap indicator designed for precision price action traders. It highlights institutional-style imbalance zones using a strict 3-bar logic and removes them once price revisits the gap — giving you clean, actionable zones for entries, exits, or confluence.
🔍 How It Works
- A Fair Value Gap (FVG) is identified when a strong middle candle (with large body) creates an imbalance between two adjacent candles.
- The gap is marked as a temporary support/resistance zone (SR).
- Once price returns and fills the gap, the zone no longer extended— ensuring charts remain uncluttered and relevant.
⚙️ Parameters
- NumFVG: Maximum number of FVG zones to show on chart.
- BodyFactor: Strength threshold for the middle bar (default:
2.0×average body of the last 20 bars).
✅ Key Features
- Institutional-style gap detection (3-bar logic)
- Clean charting — zones stop extending once hit
- Adjustable sensitivity via BodyFactor
- Plug-and-play: minimal configuration
📌 Use Cases
- Identify institutional imbalances and reaction zones
- Use as entry confluence or invalidation marker
- Combine with swing structure or volume tools
Whether you're trading breakouts, mitigations, or reversals, LT_FairValueGap helps you spot the true imbalance zones that matter — without the noise.
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