This overlay strategy plots previous-day high and low, the daily open, and fair value gap zones on the price chart. It takes entries on a selectable timeframe when the FVG requirement and an optional session window allow them, then uses an ATR or fixed pip sto
Strategy · Pine Script v5 · On the chart
Fair Value Gap Strategy
This strategy identifies and plots Fair Value Gaps (FVG) and Balanced Price Ranges (BPR) directly on the price chart.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code294
Settings15inputs
LicenceNone stated
Last update1 year ago7 Oct 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Fair Value Gap Strategy generates trading signals when price retraces into active gap zones using a customizable entry ratio coefficient. Stop loss levels are placed relative to candles prior to the gap formation, while target exits are set using a fixed risk-to-reward ratio. Key inputs allow customization of gap sensitivity, visible box limits, and entry depth.
- Fair Value Gap detection and visualization
- Balanced Price Range filtering
- Configurable FVG entry ratio depth
- Risk-reward ratio based exit targets
Details
Published by
wynnforthework on GitHub
Code credit
LuxAlgo, as written in the script's header
Type
Draws
On the price chart
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Mode | string | Present | i_mode |
| Show FVGs | bool | true | shwFVG |
| Balance Price Range | bool | false | i_BPR |
| range_FVG | float | 20 | range_FVG |
| i_FVG | string | FVG | i_FVG |
| # Visible FVG's | int | 5 | visBxs |
| 缺口开单位置系数（数值越大价格越保守） | float | 0.5 | entryRatio |
| 缺口前面第几根k线做止损 | int | 1 | StopLossCandle |
| 盈亏比 | float | 1.5 | profitLossRatio |
| Bullish FVG | color | color.new(#00e676, 0) | cFVGbl |
| Break | color | color.new(#808000, 0) | cFVGblBR |
| Bearish FVG | color | color.new(#ff5252, 0) | cFVGbr |
Show all 15 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Break | color | color.new(#FF0000, 0) | cFVGbrBR |
| Fibonacci between last: | string | NONE | iFib |
| Extend lines | bool | false | iExt |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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