Fair Value MS: 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 MS identifies bullish and bearish structural shifts, projects extended interest zones towards current price action, and draws reflection support and resistance levels. Key settings allow users to adjust fair value gap visibility, customize session boundaries, toggle volume labels on areas of interest, and modify visual styling for lines and fill boxes.

Fair value gap detection
Market structure shift identification
Extended area of interest zones
Reflection support and resistance lines

Details

Published by

regalouisei on GitHub

Code credit

SamRecio, as written in the script's header

Type

Indicator, Pine Script v6

Draws

On the price chart

Markets

Any symbol

Timeframes

M15-H1

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-ms.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
Show FVGs	`string`	`Structural`	`fvgTog`
Up Color	`color`	`#3daa45`	`upCol`
Down Color	`color`	`#ff033e`	`downCol`
Fill	`color`	`color.rgb(0,0,0,100)`	`upFillCol`
Fill	`color`	`color.rgb(0,0,0,100)`	`downFillCol`
Extend AOIs	`int`	`3`	`aoiNum`
Bull Color	`color`	`#3daa4533`	`bullColor`
Bear Color	`color`	`#ff033e33`	`bearColor`
Fill	`color`	`#3daa4533`	`bullFillColor`
Fill	`color`	`#ff033e33`	`bearFillColor`
AOI Volume	`bool`	`false`	`textTog`
	`color`	`color.new(color.white,40)`

Show all 32 settings

Setting	Type	Default	Variable
Size	`string`	`Auto`	`Size`
Display Reflection Lines	`bool`	`true`	`refTog`
Resistance Color	`color`	`#ff3c00`	`refDownCol`
Support Color	`color`	`#004d92`	`refUpCol`
Reflection Count	`int`	`3`	`refCount`
msTog	`bool`	`true`	`msTog`
Structure	`string`	`___`	`msStyle`
mssBullTog	`bool`	`true`	`mssBullTog`
Bullish	`string`	`- - -`	`mssBullStyle`
mssBullColor	`color`	`#3daa45`	`mssBullColor`
mssBearTog	`bool`	`true`	`mssBearTog`
Bearish	`string`	`- - -`	`mssBearStyle`
mssBearColor	`color`	`#ff033e`	`mssBearColor`
Session	`session`	`0930-1600`	`sesh_in`
Start	`bool`	`true`	`s_tog`
s_style	`string`	`- - -`	`s_style`
sc	`color`	`color.new(color.gray,50)`	`sc`
End	`bool`	`true`	`e_tog`
e_style	`string`	`- - -`	`e_style`
ec	`color`	`color.new(#ff033e,50)`	`ec`

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.

Similar Pine Scripts

ICT Equal Highs and Lows

by ArunKBhaskar

575

This overlay indicator finds pivot highs and lows on the price chart and compares the last two highs and the last two lows. When the percentage difference between a pair is below the Equal HL threshold, it treats them as equal levels and draws a box. Left and

Indicator v5 SMC / ICT / price actionSupport & resistance

Updated 1 year ago · MPL-2.0

DE-tracker

by Allen1212

303

This indicator plots labels on the TradingView price chart to mark ARK Invest's buy and sell trades for the DE stock. Buy transactions appear in green with X1 or X2 multipliers showing the number of ARK ETFs involved on the same day; sells appear in red. The m

Indicator v4 Support & resistanceSMC / ICT / price action

Updated 2 years ago · None stated

[RS]ZigZag Percent Reversal - Forecast - patterns - labels

by ricardosantos79

261

This Pine Script indicator plots a ZigZag on the price chart. It identifies reversal points when price moves more than a set percentage from the last pivot. The script calculates forecasts using zigzag data and labels detected geometric patterns including harm

Indicator v4 TrendSupport & resistance

Updated 4 years ago · None stated

Golden Bullet Strategy

by TradersPost

228

The Golden Bullet Strategy is an overlay signal indicator based on Smart Money Concepts and time-based liquidity models. It identifies liquidity sweeps of a designated reference session range during a specified hunt window. It then confirms Market Structure Sh

Indicator v6 SMC / ICT / price actionSessions & time

Updated 3 months ago · None stated

Open Source Fractal

by cantolab

183

This indicator implements the Fractal Model concept to plot market structure shifts, liquidity sweeps, and Change in State of Delivery (CISD) levels. It overlays custom higher-timeframe candle previews, open prices, and time markers directly on the price chart

Indicator v6 SMC / ICT / price actionSupport & resistance

Updated 2 months ago · MIT

Swing Failure Signals

by Ganador1

154

This indicator calculates pivot highs and pivot lows to detect liquidity sweeps and Swing Failure Patterns. It identifies when price breaks past recent key swing highs or lows within a configurable historical window, then looks for a quick reversal or change i