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LT_FairValueGap
"LT_FairValueGap" logo
Since 25/09/2024
Sales
23
"LT_FairValueGap" uploaded image

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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