// This Pine Script® code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// Ported from pinescript-agents/examples/simple/fair-value-gaps-basic.pine for local testing in pinescripts-collections.
//@version=6
indicator("Fair Value Gaps Basic [Agent Example]", "FVG · AE", overlay=true, max_boxes_count=100)
show_bullish = input.bool(true, "Show Bullish FVG", group="Display")
show_bearish = input.bool(true, "Show Bearish FVG", group="Display")
fvg_color_bull = input.color(color.new(#089981, 82), "Bullish FVG", group="Colors")
fvg_color_bear = input.color(color.new(#f23645, 82), "Bearish FVG", group="Colors")
max_boxes = input.int(50, "Max FVG Boxes", minval=1, maxval=100, group="Settings")
var box[] bullish_fvgs = array.new<box>()
var box[] bearish_fvgs = array.new<box>()
is_bullish_fvg() =>
high[2] < low[0] and close[1] > open[1]
is_bearish_fvg() =>
low[2] > high[0] and close[1] < open[1]
cleanup_boxes(boxes_array) =>
while array.size(boxes_array) > max_boxes
old_box = array.shift(boxes_array)
box.delete(old_box)
if barstate.isconfirmed
if show_bullish and is_bullish_fvg()
fvg_top = low[0]
fvg_bottom = high[2]
fvg_left = bar_index - 1
fvg_right = bar_index + 20
new_box = box.new(fvg_left, fvg_top, fvg_right, fvg_bottom, bgcolor=fvg_color_bull, border_color=color.new(#089981, 0))
array.push(bullish_fvgs, new_box)
cleanup_boxes(bullish_fvgs)
if show_bearish and is_bearish_fvg()
fvg_top = low[2]
fvg_bottom = high[0]
fvg_left = bar_index - 1
fvg_right = bar_index + 20
new_box = box.new(fvg_left, fvg_top, fvg_right, fvg_bottom, bgcolor=fvg_color_bear, border_color=color.new(#f23645, 0))
array.push(bearish_fvgs, new_box)
cleanup_boxes(bearish_fvgs)
bull_fvg_bar = is_bullish_fvg()
bear_fvg_bar = is_bearish_fvg()
alertcondition(bull_fvg_bar, "Bullish FVG", "Bullish Fair Value Gap detected")
alertcondition(bear_fvg_bar, "Bearish FVG", "Bearish Fair Value Gap detected")
Overview
A gap is drawn once the bar is confirmed, and each box extends twenty bars to the right. Settings toggle each direction, change colours and cap the number of boxes kept. It does not track whether a gap is later filled. Alerts are available for new bullish and bearish gaps.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Show Bullish FVG
bool
true
show_bullish
Show Bearish FVG
bool
true
show_bearish
Bullish FVG
color
color.new(#089981, 82)
fvg_color_bull
Bearish FVG
color
color.new(#f23645, 82)
fvg_color_bear
Max FVG Boxes
int
50
max_boxes
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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