Fair Value Gap Zones MTF + Wait Close

Fair Value Gap Zones MTF + Wait Close

Fair Value Gap Zones MTF is a market imbalance and liquidity indicator designed to automatically identify and project Fair Value Gap (FVG) zones across customizable timeframes.

Fair Value Gaps represent areas where price moves aggressively enough to leave an imbalance between buyers and sellers, creating regions that may later act as areas of interest for reaction, continuation, retracement, or liquidity interaction.

This indicator allows for multi-timeframe FVG analysis, optional displacement filtering, customizable gap thresholds, and dynamic zone management to provide greater flexibility across different trading styles and market environments.

Features:

• Automatic bullish and bearish Fair Value Gap detection
• Multi-timeframe (MTF) support
• Optional "Wait Until Bar Close" confirmation logic
• Multiple minimum gap sizing methods:

• ATR-based
• Percentage-based
• Fixed points-based

• Optional displacement candle requirement
• Box or line display modes
• Optional FVG midline plotting
• Extend zones into future price action
• Adjustable zone count limits
• Optional automatic deletion when zones become filled
• Fully customizable colors and styles

Alerts Included:

• New Bullish Fair Value Gap
• New Bearish Fair Value Gap

Potential use cases:

• Identify market imbalances
• Locate potential retracement areas
• Monitor liquidity interaction zones
• Add confluence to existing strategies
• Study continuation versus rebalancing behavior
• Analyze higher timeframe market structure

Interpretation:

Bullish Fair Value Gap

Indicates an imbalance created by aggressive upward movement where price may revisit the area before continuing.

Bearish Fair Value Gap

Indicates an imbalance created by aggressive downward movement where price may revisit the area before continuing.

Midline

Displays the midpoint of the imbalance and can act as an additional area of interest.

Displacement Filter

Allows filtering for stronger moves by requiring a larger displacement candle before creating a zone.

This indicator is designed to provide a flexible way to visualize potential market imbalances while allowing traders to adapt the behavior to different instruments and strategies.

About TrendGenY Indicators

TrendGenY indicators are built from market experience, creative concepts, and a constant pursuit of unique perspectives. Rather than following conventional ideas, the focus is on uncovering alternative insights and viewing market behavior through different angles to reveal information that traditional tools may overlook and help traders build a more meaningful edge in the market.