ICT Fair Value Gap [KTY]

ICT Fair Value Gap Indicator

Overview
This indicator automatically detects and displays Fair Value Gaps (FVG) based on ICT (Inner Circle Trader) methodology.
Fair Value Gaps are imbalances created when price moves rapidly across three candles, leaving a gap where no trading occurred. Price tends to return to these zones, making them valuable areas for potential entries.

Key Features
Multi-Timeframe Support

Display FVGs from two different timeframes simultaneously (LTF & HTF)
HTF Fair Value Gaps provide stronger, more reliable levels

Bullish & Bearish FVG

Bullish FVG: Forms during sharp up moves → Acts as support on pullbacks
Bearish FVG: Forms during sharp down moves → Acts as resistance on bounces

Centerline (CE)

Dashed line marking the 50% level of each FVG
Key reaction level for precise entries

Mitigation Tracking

FVGs are automatically removed when price fills the gap
Option to display mitigated FVGs for reference

Volume Analysis

Displays relative volume percentage at FVG formation
Higher percentage indicates stronger momentum behind the gap


How to Use

Identify the trend on higher timeframes
Wait for price to retrace into an FVG zone
Look for reaction at the FVG, especially at the centerline (CE)
Enter within the FVG, set stop loss beyond the FVG boundary

Pro Tips:

FVGs that overlap with Order Blocks have higher probability
Fresh (untested) FVGs tend to produce stronger reactions
The middle candle being the largest of the three increases reliability
HTF FVGs are more significant than LTF FVGs


Settings
SettingDescriptionLTF / HTFEnable and select timeframes for FVG detectionBullish FVG CountNumber of Bullish FVGs to displayBearish FVG CountNumber of Bearish FVGs to displayShow Mitigated FVGToggle display of filled/mitigated FVGsLabel ColorCustomize text color inside FVG boxes

Alerts

🟢 Bullish FVG Detected
🔴 Bearish FVG Detected
🟢 Bullish FVG Touched
🔴 Bearish FVG Touched
🟢 Bullish FVG Mitigated
🔴 Bearish FVG Mitigated


Notes

This indicator is designed for educational purposes
Always combine with proper risk management
Past performance does not guarantee future results


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