Multitimeframe Fair Value Gap –…: 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

Body sensitivity sets the minimum candle body size relative to the average before a gap is accepted. Mitigation can require a full fill or only a midpoint touch. Boxes extend a chosen number of bars. An optional table lists active gaps, and an optional trend line follows the average direction of valid gaps using passband ripple and cutoff settings. The script reads higher-timeframe data with lookahead enabled.

Selectable timeframe for gap detection
Body-size sensitivity filter
Midpoint or full-fill mitigation
Optional fair value gap table
Extendable gap boxes and trend line

Details

Published by

regalouisei on GitHub

Code credit

Zeiierman {, as written in the script's header

Type

Indicator, Pine Script v6

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

Signals can change on the live bar or after it closes (repainting)
Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time

File

pinescript/editors_picks/multitimeframe-fair-value-gap-fvg-zeiierman.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
Timeframe	`timeframe`		`tf`
Sensativity	`float`	`1.0`	`BodySens`
Mitigated on mid	`bool`	`true`	`mit`
Show FVG table	`bool`	`false`	`showActive`
Table Left	`int`	`5`	`TableLeft`
Right	`int`	`10`	`TableRight`
Extend Boxes	`int`	`10`	`extendLength`
UpCol	`color`	`color.new(#00ffbb, 50)`	`UpCol`
DnCol	`color`	`color.new(#ff1100, 50)`	`DnCol`
Col	`color`	`color.new(color.gray, 85)`	`Col`
Show FVG Trend	`bool`	`true`	`showTrend`
Passband Ripple (dB)	`float`	`10.0`	`rp`

Show all 15 settings

Setting	Type	Default	Variable
Cutoff Frequency (0 to 0.5)	`float`	`0.1`	`fc`
TUpCol	`color`	`color.lime`	`TUpCol`
TDnCol	`color`	`color.red`	`TDnCol`

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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