Fair Value Gaps by DGT: Free TradingView Indicator (Pine Script)

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 indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

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 Gaps by DGT detects imbalances between swing highs and lows then applies chosen fill methods including Wick Sweep and Body Beyond to mark filled gaps. Up to three instances support chart timeframe detection higher timeframes and lower timeframes with separate colors for zones labels and fill indicators. Labels show fill progress while max bars back limits history depth. Zones and labels draw directly on the price chart.

Fair Value Gaps Zones
Multi Timeframe Detection
Wick Sweep Fill
Custom Zone Colors
Label Visibility Controls

Details

Published by

regalouisei on GitHub

Type

Indicator, Pine Script v6

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.

File

pinescript/editors_picks/fair-value-gaps-by-dgt.pine

Repository

github.com/regalouisei/collect-tradingview. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Fair Value Gaps #1, Chart/HTF	`bool`	`true`	`fvgSH1`
fvgTF1	`string`	`Chart`	`fvgTF1`
FVG #1 Fill Method	`string`	`Wick Sweep`	`fvgFill1`
FVG #1 Zones	`color`	`#00B8D9`	`fvgCb1`
fvgCs1	`color`	`#FF8B00`	`fvgCs1`
FVG #1 Labels	`string`	`Show`	`fvgLB1`
Max Bars Back	`int`	`360`	`maxBars`
Fair Value Gaps #2, Chart/HTF	`bool`	`false`	`fvgSH2`
fvgTF2	`string`	`1 Hour`	`fvgTF2`
FVG #2 Fill Method	`string`	`Wick Sweep`	`fvgFill2`
FVG #2 Zones	`color`	`#6EE7B7`	`fvgCb2`
fvgCs2	`color`	`#FF6B6B`	`fvgCs2`

Show all 20 settings

Setting	Type	Default	Variable
FVG #2 Labels	`string`	`Hide`	`fvgLB2`
Max Bars Back	`int`	`360`	`maxBars2`
Fair Value Gaps #3, LTF	`bool`	`false`	`fvgSH3`
fvgTF3	`timeframe`	`Auto`	`fvgTF3`
FVG Filter Threshold	`float`	`.7`	`fvgTH3`
FVG #3 Zones	`color`	`#8BC34A`	`fvgCb3`
fvgCs3	`color`	`#E91E63`	`fvgCs3`
FVG #3 Labels	`string`	`Hide`	`fvgLB3`

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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