The indicator plots ICT displacement candles on the price chart and can switch to retracement scanning. Displacement requires a move larger than a set share of the 14-bar average high-low range, lasting at least a chosen number of bars, with optional close, pr
Indicator · Pine Script v5 · On the chart
Fair Value Gaps (FVG)
This indicator detects fair value gaps on the price chart.
GitHub stars55on the repository
Pine versionv5runs as is
Lines of code13
Settings0inputs
LicenceApache-2.0
Last update6 months ago20 Apr 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
13 lines of Pine Script v5 from public/indicators/fvg.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator("Fair Value Gaps (FVG)", overlay=true, max_lines_count=100)
bull_fvg = low > high[2] and close[1] > open[1]
bear_fvg = high < low[2] and close[1] < open[1]
if bull_fvg
line.new(bar_index[2], high[2], bar_index + 20, high[2], color=color.green, width=2)
line.new(bar_index, low, bar_index + 20, low, color=color.green, width=1, style=line.style_dashed)
if bear_fvg
line.new(bar_index[2], low[2], bar_index + 20, low[2], color=color.red, width=2)
line.new(bar_index, high, bar_index + 20, high, color=color.red, width=1, style=line.style_dashed)
plot(close, color=color.new(color.white, 100))
Overview
A bullish gap occurs when the current low is above the high two bars earlier and the middle candle closes above its open. A bearish gap uses the opposite comparison. It draws a solid line at the gap edge and a dashed line at the current extreme, both extending twenty bars forward in green or red. There are no user inputs, alerts, or trade rules. Lines are capped at one hundred.
- Bullish and bearish fair value gap detection
- Solid and dashed gap lines
- Twenty-bar forward line extension
- Price chart overlay
- Line count capped at 100
Details
Published by
dcaoyuan on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
SMC / ICT / price action
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.
Topics
aicharttradingvibepinescripttechnical-analysispinestock
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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