Indicator
RSI
Breakout
XAUUSD
ATR
Commodities
Signal
Supertrend
Crypto
BTCUSD
Fair Value Gap Sessions
"Fair Value Gap Sessions" logo
5.0
03/09/2025
1027
Desktop
SinceΒ 03/10/2024
Sales
102
Free installs
15024
"Fair Value Gap Sessions" uploaded image"Fair Value Gap Sessions" uploaded image"Fair Value Gap Sessions" uploaded image

Pinescriptlabs Store indicators:                        Pinescriptlabs  Store cBots :  (cBot) Gold & BTC BreakoutSession Pivots(new)

PRICE ACTION  (New)

S&R Structural ZigZag                                

ZigZag

 BOS & CHOCH

Zones Supply Demand

Leverage Liquidation Map

Auto-Trend Channel


Volume POC Heatmap

 

PREMIUM SSL CHANNEL

Prediction Based on Linreg & ATR

 ICT Power of 3 
                                                   

SmartTrend Support &
Resistance
Lines
       

Fair Value Gap Sessions                
       
 

RSI Trend Trigger

Channel Breakout System

Supertrend

Market Imbalance

Adaptive Trend Channel 

Dynamic
Market Structure
Analysis
of
Turning
Points

Order Block

Fibonacci
Linear
Regression
Multi-timeframe

Dynamic RSI

Momentum Fair Value Gap

Market Flow Projection

Dynamic Trend Gradient

Multi-Level
Candle Bias
Tracker

Zig-Zag Extremity Tracker

Reactive Moving Average

Auto
Support and
Resistance
Trend
Lines

All
Support and
Resistance
Levels

Dynamic Range Momentum

Fair Value Gap Sessions πŸ“ŠπŸ’°

The Fair Value Gap (FVG) indicator is a sophisticated trading tool designed to identify and highlight temporary market inefficiencies known as "fair value gaps" 🚨 within specific trading sessions. These gaps represent moments where market price moves rapidly ⚑, creating an imbalance between buyers and sellers.

Key Technical Mechanisms πŸ”§

Session-Based Architecture πŸ•’
β€’ Implements a precise, configurable session-based analysis approach
β€’ Allows traders to define custom session start times with UTC or local time zone support 🌍
β€’ Creates a dynamic session boundary that resets and tracks market behavior πŸ”„

Fair Value Gap Detection Logic πŸ”Ž
β€’ Uses advanced price action analysis across multiple consecutive price bars
β€’ Identifies gaps by comparing:
o Consecutive bar high and low prices πŸ“ˆπŸ“‰
o Previous bar's closing price βœ…
o Current bar's price structure πŸ”„

Gap Classification 🏷️
The indicator distinguishes between two primary gap types:

  1. Bullish Fair Value Gap πŸ“ˆ
    o Occurs when price jumps above previous high πŸ”Ί
    o Indicates potential upward market momentum πŸš€
    o Signals possible buying pressure πŸ’Έ
  2. Bearish Fair Value Gap πŸ“‰
    o Occurs when price drops below previous low πŸ”»
    o Suggests potential downward market momentum ⬇️
    o Signals possible selling pressure πŸ›‘

Trading Applications πŸ“±πŸ’Ό

Strategic Insights πŸ’‘
β€’ Helps traders visualize market inefficiencies πŸ–ΌοΈ
β€’ Provides early warning of potential trend reversals ⚠️
β€’ Offers precise entry and exit point identification 🎯

Risk Management Features πŸ›‘οΈ
β€’ Color-coded visualization of gap states 🎨
β€’ Tracks gap "mitigation" (when price returns to the gap zone) ↔️
β€’ Allows customizable color settings for different market conditions 🎨

Technical Visualization 🎨

The indicator creates two primary visual elements:

  1. Gap Area Rectangle 🟩
    o Represents the price range of the identified gap πŸ“
    o Dynamically extends throughout the trading session ➑️
    o Changes color based on gap status (active/mitigated) 🟩➑️🟨
  2. Level Line πŸ“
    o Positioned at the midpoint of the gap ⚫
    o Helps traders quickly identify the gap's central price zone πŸ“
    o Uses different line styles to indicate gap state βž”

Practical Trading Strategies πŸ“

Entry Signal Strategies 🚦
β€’ Use gap detection as a potential trend continuation signal πŸ”„
β€’ Look for price returning to (mitigating) the gap as a confirmation βœ…
β€’ Combine with other technical indicators for robust decision-making 🀝

Risk Management Techniques πŸ›‘οΈ
β€’ Set stop-loss near gap boundaries β›”
β€’ Use gap midpoint as potential support/resistance level πŸͺœ
β€’ Monitor gap mitigation as a potential trend reversal indicator β†”οΈβš οΈ

Configuration Flexibility βš™οΈ
β€’ Customizable session start time ⏰
β€’ Time zone configuration (UTC/Local) 🌍

By understanding and properly implementing the Fair Value Gap Sessions indicator, traders can gain deeper insights into market dynamics, identify potential trading opportunities, and make more informed decisions based on price action inefficiencies. πŸ§ πŸ“ˆ


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