Fair Value Gap (FVG) Suite is a professional-grade Fair Value Gap (FVG) indicator built specifically for ICT and Smart Money Concepts (SMC) traders. It goes beyond standard FVG detection by introducing Breakaway Gap (BAG)classification - a distinction no other FVG indicator on the cTrader store offers.
A Fair Value Gap forms when three consecutive candles leave an unfilled price imbalance. A Breakaway Gap is a stronger variant where the third candle closes beyond the range of the middle candle, signaling increased momentum and conviction behind the move. Fair Value Gap (FVG) Suite identifies and color-codes both, giving you instant visual clarity on the strength of every gap.
Built to work cleanly across all asset classes - forex, indices, commodities, equities, and 24/7 instruments like crypto - the indicator handles session breaks, weekend gaps, and different timeframes automatically with no manual configuration required.
Whether you are a seasoned ICT trader hunting high-probability entry zones or a beginner learning to read price action through the lens of Smart Money, Fair Value Gap (FVG) Suite gives you the tools to do it with precision.
Key Features
Gap Detection
- Detects bullish and bearish Fair Value Gaps using the standard 3-candle pattern
- Classifies gaps as FVG or Breakaway Gap (BAG) based on candle 3 closing beyond candle 2's range
- FVG vs BAG distinction can be toggled on or off - when off, all gaps are displayed uniformly
- Automatically filters weekend session gaps and Friday last-candle gaps on instruments that do not trade on weekends, keeping the chart clean and relevant
Gap Size Filter
- ATR-based minimum gap size filter removes insignificant micro-gaps
- Fully adaptive to current market volatility - no manual pip threshold required
- Configurable ATR period and minimum gap percentage
Extension Options
- Fixed bar extension - gaps extend a configurable number of real trading bars
- Extend Until Filled - gaps extend dynamically until price first enters the zone, then freeze at the point of contact
- Weekend gaps are skipped when counting extension bars so the length is always accurate
Mitigation Tracking
- Three mitigation modes: None (gaps persist), Mark as Mitigated (gaps turn grey when filled), Auto Remove (gaps disappear when filled)
- Three fill conditions: Wick Touch, Close Inside, Close Through - choose the definition that matches your trading style
- Mitigated gaps are tracked historically so the chart reflects accurate fill status on load
Visual Customization
- Separate configurable colors for bullish FVG, bearish FVG, bullish BAG, and bearish BAG
- Toggle shaded gap zones on or off with configurable opacity
- Line style dropdown: Solid or Dotted
- Configurable line thickness
Compatibility
- Works on all timeframes from 1 minute to monthly
- Compatible with all cTrader instruments including forex, indices, commodities, equities, and crypto
- No repainting
How to Use
- Add the indicator to any chart
- Set your preferred colors for FVG and BAG zones
- Choose your Mitigation Mode - start with Mark as Mitigated to see how price respects historical gaps
- Enable Extend Until Filled to dynamically track active gap zones
- Adjust the ATR filter to control how many gaps appear - higher values show only the most significant gaps
Settings Reference
Distinguish FVG vs BAG - Color-code BAGs separately from FVGs - Default: On
Bullish FVG Color - Color for bullish fair value gaps - Default: Green
Bearish FVG Color - Color for bearish fair value gaps - Default: Red
Bullish BAG Color - Color for bullish breakaway gaps - Default: Blue
Bearish BAG Color - Color for bearish breakaway gaps - Default: Orange
Line Thickness - Thickness of gap boundary lines - Default: 2
Extend Lines (bars) - Number of bars to extend gap lines - Default: 3
Extend Until Filled - Extend gaps dynamically until price enters the zone - Default: Off
Line Style - Solid or Dotted boundary lines - Default: Dotted
Shade Gap Zones - Fill gap area with transparent color - Default: On
Zone Opacity - Transparency of shaded zone (0-100) - Default: 20
Min Gap Size (% of ATR) - Minimum gap size relative to ATR - Default: 10%
ATR Period - Lookback period for ATR calculation - Default: 14
Mitigation Mode - None / Mark as Mitigated / Auto Remove - Default: None
Fill Condition - Wick Touch / Close Inside / Close Through - Default: Close Through
