by 
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 · Pine Script v6 · On the chart
ICT Smart Money - Phase 4: Fair Value Gaps
This indicator detects and draws bullish and bearish Fair Value Gaps (FVG) directly on the price chart using Smart Money Concepts logic.
GitHub stars2on the repository
Pine versionv6current
Lines of code76
Settings9inputs
LicenceNone stated
Last update3 months ago12 Jul 2026
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
ICT Smart Money - Phase 4: Fair Value Gaps identifies three-bar price imbalances where a gap exists between the first bar's wick and the third bar's wick. Gaps are filtered using a minimum size threshold relative to the 14-period Average True Range (ATR). Users can customize visual colors, adjust maximum lookback depth, choose to automatically delete or extend boxes once filled by price, and enable alerts when new FVGs form.
- Bullish and bearish Fair Value Gap detection
- ATR-based gap size filtering
- Automatic gap fill tracking and box deletion
- Alert notifications for newly created gaps
Details
Published by
Kalki-Teja-Patimidi on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
SMC / ICT / price action, Support & resistance
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 |
|---|---|---|---|
| Show Fair Value Gap | bool | true | i_show_fvg |
| FVG Min Size (ATR %) | float | 50.0 | i_fvg_min_size |
| Extend Until Filled | bool | true | i_fvg_extend_until_filled |
| Max FVG Lookback (bars) | int | 200 | i_fvg_max_lookback |
| Delete After Fill | bool | false | i_fvg_delete_filled |
| Alert on FVG Creation | bool | false | i_alert_fvg |
| Bullish Color | color | color.new(color.green, 80) | i_color_bullish |
| Bearish Color | color | color.new(color.red, 80) | i_color_bearish |
| Show Status | bool | true | plot_status |
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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