The indicator detects liquidity sweeps across key price levels and calculates a cumulative volume delta proxy. It uses pivot high and low lookbacks to identify swing points, marking sweeps when price breaks beyond a level and quickly closes back inside. Featur
Indicator · Pine Script v5 · On the chart
Proximity GZI HV
Detects fair value gaps on the price chart and flags two proximity signals.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code253
Settings14inputs
LicenceNone stated
Last update2 months ago20 Aug 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
The GZI signal appears when opposite fair value gaps overlap within a set number of bars, and the HV signal appears when a gap forms on a bar with the highest volume of the last 63, 252 or 5000 bars. Inputs set the gap threshold, the number of unmitigated levels, an optional higher timeframe, and colours. It draws boxes, lines and signal markers.
- Fair value gap detection
- Gap zone intersection signals
- High-volume gap signals
- Optional higher timeframe gaps
Details
Published by
nishpa800 on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
SMC / ICT / price action, Volume
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 |
|---|---|---|---|
| Threshold % | float | 1 | thresholdPer |
| Auto | bool | true | auto |
| Unmitigated Levels | int | 15 | showLast |
| Mitigation Levels | bool | false | mitigationLevels |
| Timeframe | timeframe | | tf |
| Bullish FVG | color | color.new(#089981, 70) | bullCss |
| Bearish FVG | color | color.new(#f23645, 70) | bearCss |
| Show GZI Signals | bool | true | showGZI |
| Max Bar Distance | int | 6 | gziProximity |
| Bullish GZI | color | color.new(#00ff88, 0) | gziBullCss |
| Bearish GZI | color | color.new(#ff0055, 0) | gziBearCss |
| Show HV Signals | bool | true | showHV |
Show all 14 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Bullish HV | color | color.new(#00bfff, 0) | hvBullCss |
| Bearish HV | color | color.new(#ff6600, 0) | hvBearCss |
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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