[TehThomas] - Fair Value GapsThis script is designed to automatically detect and visualize Fair Value Gaps (FVGs) on your chart in a clean, intuitive, and highly responsive way. It’s built with active traders in mind, offering both dynamic updates and customization options that help you stay focused on price action without being distracted by outdated or irrelevant information.
What Are Fair Value Gaps?
Fair Value Gaps are areas on a chart where there’s an inefficiency in price, typically formed when price moves aggressively in one direction, leaving a gap between the wicks of consecutive candles. These gaps represent imbalanced price action where not all buy or sell orders were efficiently matched. As a result, they often become magnet zones where price returns later to "fill" the imbalance before continuing in its intended direction. Many traders use them as points of interest for entries, re-entries, or anticipating reversals and consolidations.
This concept is frequently used in Smart Money and ICT-based trading models, where understanding how price seeks efficiency is crucial to anticipating future moves. When combined with concepts like liquidity, displacement, and market structure, FVGs become powerful tools for technical decision-making.
Script Features & Functionality
1. Live Updating Gaps (Dynamic Shrinking)
One of the core features of this script is its ability to track and dynamically shrink Fair Value Gaps as price trades into them. Instead of leaving a static zone on your chart, the gap will adjust in real-time, reflecting the portion that has been filled. This gives you a much more accurate picture of remaining imbalance and avoids misleading zones.
2. Automatic Cleanup After Fill
Once price fully fills an FVG, the script automatically removes it from the chart. This helps keep your workspace clean and focused only on relevant price zones. There’s no need to manually manage your gaps, everything is handled behind the scenes to reduce clutter and distraction.
3. Static Mode Option
While dynamic updating is the default, some traders may prefer to keep the original size of the gap visible even after partial fills. For that reason, the script includes a toggle to switch from live-updating (shrinking) mode to static mode. In static mode, FVGs stay fixed from the moment they are drawn, giving you a more traditional visual reference point.
4. Multi-Timeframe Support (MTF)
You can now view higher timeframe FVGs, such as those from the 1H or 4H chart, while analyzing lower timeframes like the 5-minute. This allows you to see key imbalances from broader market context without having to flip between charts. FVGs from higher timeframes will be drawn distinctly so you can differentiate them at a glance.
5. Cleaner Visualization
The script is designed with clarity in mind. All drawings are streamlined, and filled gaps are removed to maintain a minimal, distraction-free chart. This makes it easier to combine this tool with other indicators or price-action-based strategies without overloading your workspace.
6. Suitable for All Market Types
This script can be used on any asset that displays candlestick-based price action — including crypto, forex, indices, and stocks. Whether you're scalping low-timeframe setups or swing trading with a higher timeframe bias, FVGs remain a useful concept and this script adapts to your trading style.
Use Case Examples
On a 5-minute chart, display 1-hour FVGs to catch major imbalance zones during intraday trading.
Combine the FVGs with liquidity levels and inducement patterns to build ICT-style trade setups.
Use live-updating gaps to monitor in-progress fills and evaluate whether a zone still holds validity.
Set the script to static mode to perform backtesting or visual replay with historical setups.
Final Notes
Fair Value Gaps are not a standalone trading signal, but when used with market structure, liquidity, displacement, and order flow concepts, they provide high-probability trade locations that align with institutional-style trading models. This script simplifies the visualization of those zones so you can react faster, stay focused on clean setups, and eliminate unnecessary distractions.
Whether you’re trading high volatility breakouts or patiently waiting for retracements into unfilled imbalances, this tool is designed to support your edge with precision and flexibility.
스크립트에서 "gaps"에 대해 찾기
Gap Percentage Highlighter (1Day)b]🇬🇧 ENGLISH
The "Gap Percentage Highlighter" script is a useful tool for traders who want to visually highlight and analyze price gaps on their charts.
Features:
Identification of Price Gaps (Gaps):
The script automatically highlights candles where the opening price significantly differs from the previous day's closing price.
Percentage Display of the Gap:
The percentage change between the closing price and the opening price is displayed directly on the chart.
Customizable Gap Size:
Users can set the minimum size of the price gap in percentage terms through a simple input field, determining when the script marks a gap as significant.
Visual Highlighting:
Gap-ups (positive gaps) are highlighted in green, and gap-downs (negative gaps) are highlighted in red, making them easy to identify.
Use Case:
This script is ideal for traders who utilize gaps in their analyses to identify potential market movements. It allows for quick and visual identification of significant price gaps directly on the chart and offers the flexibility to adjust the definition of "significant" to match individual needs.
Disclaimer:
This script is for educational purposes only. Trading involves risks and is not suitable for every investor.
(c) BS IMPACT SCALE GmbH
🇩🇪 GERMAN
Das "Gap Percentage Highlighter" Skript ist ein nützliches Tool für Trader, die Kurslücken (Gaps) auf ihren Charts visuell hervorheben und analysieren möchten.
Funktionen:
Identifizierung von Kurslücken (Gaps):
Das Skript hebt automatisch Kerzen hervor, bei denen der Eröffnungskurs vom Schlusskurs der vorherigen Kerze auf Tagesbasis signifikant abweicht.
Prozentuale Anzeige der Kurslücke:
Die prozentuale Veränderung zwischen Schlusskurs und Eröffnungskurs wird direkt auf dem Chart angezeigt.
Anpassbare Gap-Größe:
Nutzer können über ein einfaches Eingabefeld die minimale Größe der Kurslücke in Prozent festlegen, ab der das Skript die Lücke als relevant markiert.
Visuelle Hervorhebung:
Gap-Ups (positive Lücken) werden in Grün und Gap-Downs (negative Lücken) in Rot hinterlegt, sodass sie leicht identifiziert werden können.
Anwendungsbereich:
Dieses Skript ist ideal für Trader, die Gaps in ihren Analysen nutzen, um potenzielle Marktbewegungen zu identifizieren. Es ermöglicht eine schnelle und visuelle Erkennung von signifikanten Kurslücken direkt auf dem Chart und bietet die Flexibilität, die Definition von "signifikant" an die eigenen Bedürfnisse anzupassen.
Haftungsausschluss:
Dieses Skript dient ausschließlich zu Bildungszwecken. Trading beinhaltet Risiken und ist nicht für jeden Anleger geeignet.
(c) BS IMPACT SCALE GmbH
Fair Value Gaps (FVG) [UAlgo]A fair value gap is especially popular among price action traders and occurs when there are inefficiencies or imbalances in the market, or when the buying and selling are not equal. Fair value gaps can become a magnet for the price before continuing in the same direction.
🔶 Key Features :
Fair Value Gap Identification:
Bullish fair value gaps occur when the current market price exceeds the previous high. The indicator identifies bullish gaps by comparing the low of the current candle with the high of the candle two candles ago . If the low of the current candle is higher than the high two candles ago and the closing price of the previous candle is also higher than the high two candles ago, a bullish fair value gap is detected.
Bearish fair value gaps occur when the current market price falls below the previous low. The indicator identifies bearish gaps by comparing the high of the current candle with the low of the candle two candles ago. If the high of the current candle is lower than the low two periods ago and the closing price of the previous candle is also lower than the low two candles ago, a bearish fair value gap is detected.
Fair Value Gap Filter :
ATR measures market volatility by analyzing the range of price movements over a specified period. It provides insights into the average price range that a security experiences within a given timeframe. After the ATR is calculated, a Simple Moving Average (SMA) is computed for the ATR values. This moving average smoothens out the ATR data, providing a clearer indication of the average volatility levels over time.
When the filter is active, fair value gaps are identified only if they occur during periods of relatively higher volatility, as indicated by the ATR being greater than the SMA. This helps in refining and obtaining the detection of stronger fair value gaps
An example with FVG filtering off:
An example with FVG filtering on:
Customizable Settings: Users have the flexibility to customize various parameters to suit their trading preferences. They can adjust settings such as the number of fair value gaps displayed, mitigation method (either based on closing prices or wicks), and apply filters based on Average True Range (ATR) to refine gap detection.
🔶 Disclaimer :
Use with Caution: Trading involves significant risk, and this indicator should be used with caution. While it can help identify potential trading opportunities, it does not guarantee profits and may sometimes provide false signals.
Not Financial Advice: The information provided by the Fair Value Gaps indicator is for educational and informational purposes only and should not be considered as financial advice. Traders should conduct their own research and consult with financial professionals before making any trading decisions.
Past Performance: Past performance is not indicative of future results. Historical price movements analyzed by the indicator may not accurately predict future market behavior.
Daily Gaps & Trapped PositionsThis script builds substantially upon the default Gaps script provided by Tradingview. Functionality was added to allow users to decide what price from the previous session is used to determine a daily gap, added support for showing gaps across all timeframes up to the daily time frame, and also allow gaps to be shown even with ETH enabled on the chart. This script provides support across normal securities, futures, and also crypto.
Users can decide between the following selections to determine if a daily gap has formed:
- Previous Session Close
- Previous Session High/Low
- Last RTH Candle High/Low
The other larger piece that was added is something called trapped positions or what some folks familiar with Market Profile would call "single prints". They could also be considered FVGs but they are a specific subset of FVGs as these must from above or below the current session's high/low.
Single prints form above or below a current session's high/low and can be considered an area where price has moved too fast in that area and price will most likely return to these areas at a later point in time. In some teachings, these are also looked at as "trapped shorts" (lighter blue box color) or "trapped supply" (yellow orange box color) which creates an area where there will be potential support (trapped shorts) or resistance (trapped supply) when this area is revisited in the future. Adding these to your chart will simply provide additional areas of interest where you may see buying or selling.
Both gaps and trapped positions have the following options:
- Show only active gaps/trapped positions. Selecting this will only show areas where price has not completely traded through the box.
- Close gaps/trapped positions partially. If this is selected, it will reduce the box size as price is traded through the area. If it is not selected, the box will only disappear once price has traded through the entire box completely.
There are some additional settings that allow you to tailor how many boxes show up on the chart. These settings are as follows:
- Max number of boxes. This setting will only plot up to this number of gaps/trapped positions.
- Minimum Deviation. This will prevent gaps/trapped positions from showing if they are too small relative to average across that last 14 periods.
- Limit Max Box Trail Length (bars). If checkbox is selected, the box will stop being extended after X number of bars given in this input.
Gap Detector [MS]This indicator helps traders identify and visualize price gaps in market data. When price movements create gaps between trading sessions or periods, the script highlights these areas with colored clouds and markers.
Key Features:
Automatically detects price gaps based on a customizable gap percentage threshold
Visualizes gaps using color-coded clouds (green when price moves upward, red for downward price action)
Places small triangle markers at gap locations for easy identification of gaps, and if many happen close together
Shows gray clouds when price is within the last gap
Use it For:
Watching for gap-fills
Gap support/resistance levels
Trading gap breakouts
...and more
How it Works:
The script compares each bar's opening price with the previous bar's closing price. A gap is identified when the opening price is significantly different from the previous close (beyond the user-defined gap percentage). The gap area is then marked with a colored cloud:
Green clouds: Show gaps where price jumped higher
Red clouds: Show gaps where price dropped lower
Gray clouds: Indicate price action within the gap
Settings:
Gap %: Controls the minimum price difference required to identify a gap (default 0.01 or 1%)
This indicator can help traders:
Identify potential support/resistance levels at gap areas
Monitor gap-filling scenarios
Spot significant price movements between trading sessions
The script is designed to work across all timeframes and markets.
Multi VWAP from Gaps [MW]Multi VWAP from Gaps
Introduction
The Multi VWAP from Gaps tool extends the concept of using the Anchored Volume Weighted Average Price, popularized by its founder, Brian Shannon, founder of AlphaTrends. It creates automatic AVWAPS for anchor points originating at the biggest gaps of the week, month, quarter and year. Currently, most standard VWAP tools allow users to place custom anchored VWAPs, but the routine of doing this for every equity being watched can become cumbersome. This tool makes that process multi-times easier. Considering that large gaps can represent a shift in market structure, this tool provides unique and immediate insight into how past daily price gaps can and have affected price action.
Settings
LABEL SETTINGS
Show Biggest Gap of Week | Month | Quarter : Toggle labels that identify the location of the biggest gaps for the selected time period.
Show Big Labels : Toggle labels from showing the date and gap size to just showing a single letter (W/M/Q/Y) designating the time period that the gap is from.
Hide All Labels : Turn labels off and on.
MAX VWAP LINES
Max Weekly | Monthly | Quarterly | Yearly Lines : How many VWAP lines, starting from today, should be shown for the specified time period. Max: 5
SHOW VWAP LINES
Show Weekly | Monthly | Quarterly | Yearly Lines : This feature allows you to remove lines for the specified time period.
Calculations
This indicator does not provide buy or sell signals. It is simply the VWAP calculated starting from an “anchor point”, or start time. It is calculated by the summation of Price x Volume / Volume for the period starting at the anchor point.
How to Interpret
According to Brian Shannon, VWAP is an objective measure of what the average trader has paid for a particular equity over a given period, and is the value that large institutional investors frequently use as a trade signal. Therefore, by definition, when the price is above an AVWAP, buyers are in control for that period of time. Likewise, if the price is below the AVWAP, sellers are in control for that period of time.
VWAPs that coincide with important events, such as FOMC meetings, CPI reports, earnings reports, have added significance. In many cases, these events can cause gaps to happen in day-to-day price movement, and can affect market structure going forward.
Practically speaking, price action can tend to change direction when a significant VWAP is hit, voiding buy and sell signals. Like moving averages, this indicator can show, in real-time, how a buy or sell signal should be interpreted. A significant AVWAP line is a point of interest, and can serve as strong support or resistance, because large institutions may be using those values for entries or exits. For a great analysis of how to use AVWAP, visit the AlphaTrends channel on Youtube here or you can buy Brian Shannon’s “Anchored VWAP” book on Amazon.
Other Usage Notes and Limitations
It's important for traders to be aware of the limitations of any indicator and to use them as part of a broader, well-rounded trading strategy that includes risk management, fundamental analysis, and other tools that can help with reducing false signals, determining trend direction, and providing additional confirmation for a trade decision. Diversifying strategies and not relying solely on one type of indicator or analysis can help mitigate some of these risks.
Additionally, in order to build the VWAP calculations, past data is needed that may not be available on shorter timeframes. The workaround is that for some longer-term VWAP lines on shorter timeframes, you may see less than the total of lines that you selected in settings. This is particularly the case with quarterly VWAP lines on the 5 minute timeframe for some equities.
Acknowledgements
This script uses the MarketHolidays library by @Protervus. Also, for debugging, the JavaScript-style Debug Console by @algotraderdev was invaluable. Special thanks to @antsmuzic for helping review and debug the script. And, of course, without Brian Shannon's books, videos, and interviews, this indicator would would not have happened.
Nirmal Fair Value GapsICT Fair Value Gaps
Trade Wisely
How a Fair Value Gap Works
Formation:
A Fair Value Gap occurs when a strong price movement (usually from institutional orders) creates an imbalance between buyers and sellers.
This is typically seen in a three-candle pattern, where the middle candle has a large body, and the two surrounding candles have wicks but little overlap with the middle candle’s range.
Identification:
The FVG is marked between the high of the first candle and the low of the third candle (for bullish gaps).
For bearish gaps, it’s the low of the first candle and the high of the third candle.
Market Behavior Around FVG:
Price often retraces into the gap before resuming its original direction.
This happens because the market seeks to "fill" the imbalance where few trades occurred.
Traders use FVGs as potential entry zones for trend continuation trades.
Trading Fair Value Gaps
In an Uptrend:
Look for bullish fair value gaps as potential support zones for buy entries.
Price may dip into the gap and then continue upward.
In a Downtrend:
Look for bearish fair value gaps as potential resistance zones for sell entries.
Price may retrace into the gap and then drop further.
Confluence Factors:
FVGs work best when combined with other strategies like order blocks, liquidity zones, or key Fibonacci levels.
Gap Finder with Box FillSetup and Inputs
The indicator checks the current and previous candles to find gaps, using a color input for filling the gap area on the chart.
Gap Detection:
If the current candle opens higher than the previous close and doesn’t overlap with the previous candle’s range, it marks this as a gap-up.
If the current candle opens lower than the previous close without overlap, it’s marked as a gap-down.
Drawing the Gap:
When a gap-up or gap-down is found, the script draws a box from the previous close to the current candle’s low or high, filling it with the chosen color.
Benefits
Visual Aid: The filled box highlights gaps, making them easy to spot on the chart.
Trade Signals: Gaps can show strong market moves, helping traders spot potential entries or watch for reversals.
Customizable: You can adjust the color to fit your chart style, making the gaps stand out clearly.
This simple tool gives traders a quick view of gaps, which are often key points of interest in technical analysis.
Price GapsThis indicator highlights bullish and bearish gaps in price movement. You can customize the colors, transparency, border width, and label size. The script detects gaps where the current low is higher than the previous high (bullish) or the current high is lower than the previous low (bearish). It then draws boxes around these gaps and labels them with their size. The indicator updates the boxes as long as the gaps remain open and removes them once they close. You can also choose the timeframe for the gaps detection.
SMC Analysis - Fair Value Gaps (Enhanced)SMC Analysis - Fair Value Gaps (Enhanced) Script Summary
Overview
The "SMC Analysis - Fair Value Gaps (Enhanced)" script, written in Pine Script (version 6), is a technical analysis indicator designed for TradingView to identify and visualize Fair Value Gaps (FVGs) on a price chart. It supports both the main timeframe and multiple higher timeframes (MTF) for comprehensive market analysis. FVGs are price gaps formed by a three-candle pattern, indicating potential areas of market inefficiency where price may return to fill the gap.
Key Features
FVG Detection:
Identifies bullish FVGs: Occur when the high of a candle two bars prior is lower than the low of the current candle, with the middle candle being bullish (close > open).
Identifies bearish FVGs: Occur when the low of a candle two bars prior is higher than the high of the current candle, with the middle candle being bearish (close < open).
Visualizes FVGs as colored boxes on the chart (green for bullish, red for bearish).
Mitigation Tracking:
Tracks when FVGs are touched (price overlaps the gap range) or mitigated (price fully closes the gap).
Strict Mode: Marks an FVG as mitigated when price touches the gap range.
Normal Mode: Requires a full breakthrough (price crossing the gap’s bottom for bullish FVGs or top for bearish FVGs) for mitigation.
Optionally converts FVG box borders to dashed lines and increases transparency when partially touched.
Multi-Timeframe (MTF) Support:
Analyzes FVGs on three user-defined higher timeframes (default: 15m, 60m, 240m).
Displays MTF FVGs with distinct labels and slightly more transparent colors.
Ensures no duplicate processing of MTF bars to maintain performance.
Customization Options:
FVG Length: Adjustable duration for how long FVGs are displayed (default: 20 bars).
Show/Hide FVGs: Toggle visibility for main timeframe and each MTF.
Color Customization: User-defined colors for bullish and bearish FVGs (default: green and red).
Display Options: Toggle for showing dashed lines after partial touches and strict mitigation mode.
Performance Optimization:
Limits the number of displayed boxes (50 for main timeframe, 20 per MTF) to prevent performance issues.
Automatically removes older boxes to maintain a clean chart.
Functionality
Visualization: Draws boxes around detected FVGs, with customizable colors and text labels ("FVG" for main timeframe, "FVG " for MTF).
Dynamic Updates: Extends or terminates FVG boxes based on mitigation status and user settings.
Efficient Storage: Uses arrays to manage FVG data (boxes, tops, bottoms, indices, mitigation status, and touch status) separately for main and MTF analyses.
Use Case
This indicator is designed for traders using Smart Money Concepts (SMC) to identify areas of market inefficiency (FVGs) for potential price reversals or continuations. The MTF support allows analysis across different timeframes, aiding in confirming trends or spotting higher-timeframe support/resistance zones.
TASC 2024.07 Gaps and Extreme Closes█ OVERVIEW
This script, inspired by Perry Kaufman's article "Trading Opening Gaps and Extreme Closes in Stocks" from the TASC's July 2024 edition of Traders' Tips , provides analytical insights into stock price behaviors following significant price moves. The information about the frequency, pullbacks, and closing patterns of these extreme price movements can aid in developing more effective trading strategies by understanding what to expect during volatile market conditions.
█ CONCEPTS
Perry Kaufman's article investigates the behavior of stock prices following substantial opening gaps and extreme closing moves to identify patterns and expectations that traders can utilize to make informed decisions. The motivation behind the article is to offer traders a more scientific approach to understanding price movements during volatile market conditions, particularly during earnings season or significant economic events. Kaufman's analysis reveals that stock prices have a history of exhibiting certain behaviors after substantial price gaps and extreme closes. This script follows Perry Kaufman's study and helps provide insight into how prices often behave after significant price changes. This analysis can help traders establish price movement expectations and potential strategies for trading such occurrences.
█ CALCULATIONS
Input Parameters:
This script offers users the choice to analyze "Opening Gaps" or "Extreme Closes" for price movements of different predefined magnitudes in a specified direction ("Upward" or "Downward").
Outputs:
Based on the specified inputs, the script performs the following calculations for the active ticker displayed on the chart:
Frequency of Extreme Price Movements : Quantifies the occurrences of directional price movements within predefined percentage ranges.
Average Pullbacks : Computes the average retracement (pullback) from analyzed price movements within each percentage range.
Average Closes : Analyzes the typical closing behavior relative to the directional price movements within each range.
The script organizes the results from these calculations within the table on a separate chart pane, providing users with helpful insights into how a stock historically behaved following significant price movements.
NSDT Fair Value GapThis script is our version of the "Fair Value Gap".
A Fair Value Gap is nothing more than a series of 3 candles with a gap between a candle high/low and a candle high/low two candles prior.
For example:
A Gap Up - the Low of a candle is higher than the High of two candles back.
A Gap Down - the High of a candle is lower than the Low of two candles back.
Typically, on a Gap Up, the trader would wait for the price to re-enter the Gap, and take a Long position.
Typically, on a Gap Down, the trader would wait for the price to re-enter the Gap, and take a Short position.
We found that simply trading through the Gaps (fill the gap) produced a better result. So we reversed the procedure and the colors to show our suggested direction.
We have added inputs so the trader can determine the size of the Gaps to be plotted on the chart. A minimum and maximum can be set.
The number of Gaps to be displayed can be adjusted.
There is a option to remove Gaps that had been filled, to help keep a clean chart.
Customizable Gap Finder++█ OVERVIEW
Customizable Gap Finder by ProfessorZoom with a partial close of a gap
█ CONCEPTS
1 — Gaps bullish or bearish
2 — Gaps can be filled
3 — Gaps can be partially close
4 — Some display options
█ OTHER SECTIONS
Thanks to The rational investor for teaching me this and ProfessorZoom because he writes 99% of the script.
Did you know the percentage of gaps filled ? If not, I recommand you to follow his courses, and I have no conflicts of interest.
Simple ICT Order Blocks and Fair Value Gaps by Gowtham KannakajeThis scripts identifies ICT Order Block and ICT Fair Value Gaps
Fair Value Gap:
- Fair Value Gap toggle is off by default
- Users can choose to color the bars having Fair Value Gaps or can select to define the Fair Value Gap using boxes.
- Bar color and box colors can be customized
Order Blocks:
- Order Block box and candle color toggle is on by default
- Users can choose to color the Order Block candles or can select to define the Order Blocks using boxes.
- Bar color and box colors can be customized for bullish and bearish Order Block separately
Note:
- Order Blocks are considered valid only if the candle forming the Fair Value Gap closes away from the Order Block.
- Since Trading View limits the number of boxes to 500, it is advised to use the Color Candle option to identify the Order Blocks or Fair Value Gaps which are very old.
New concept Definitions:
Naked OB : An order block whose immediate next candle forms a Fair Value Gap. Here, the Order Block high or low contributes to the formation of Fair Value Gap.
Covered OB : An order block whose immediate next candle doesn't form a Fair Value Gap. Here, the Order Block high or low doesn't contribute to the formation of Fair Value Gap. Instead it will have other candles in between the Order Block and Fair Value Gap.
Disclaimer: The usage of this indicator might or might not contribute to your profits and losses and the author is not responsible for the same.
Happy Trading.
ICT Opening Gaps [MK]
The indicator plots levels which can act as magnets to price. The levels are gap areas which are used within the ICT (The Inner Circle Trader) trading system.
The indicator plots 5 areas of interest:
1: Daily Volume Imbalances - Referencing the Daily chart, boxes are calculated from close to open between all candles. Candles which have only 'wicks' between the close and open prices are considered 'volume imbalances. The boxes can then be shown on LTFs to aid in decision making for intraday traders. Imbalances can be limited to a maximum amount shown and mitigated imbalances can be removed from the chart. All colors can be customised.
Volume Imbalance example:
2: NWOG - New Week Opening Gap - Plotted from Friday Close at 1659 to Sunday Opening at 1800 (EST). The current NWOG can be displayed on its own, or previous weeks can also be shown (ICT recommends the previous 4 weeks also). Boxes are plotted with a midline and all colors can be customised.
New Week Opening Gaps example:
3. NDOG - New Day Opening Gaps - Plotted from day close at 1659 (EST) to restart at 1800 (EST). All colors can be customised. These gaps can be very small so line widths of 3+ are recommended if the lines are to be seen on HTFs
New Day Opening Gap example:
4. New Opening Gap - Plotted from close at 1659 to Session open at 0930 (EST). These areas can possibly be closed/filled after opening at some time. The indicator will draw box to the right of price which shows if the Opening Gap is UP or DOWN. The box will change color to show up or down, or text alone can be used instead of the box. All colors can be customised.
New Opening Gap Box example:
5. 0930 Opening Line - Draws a horizontal line from the opening price at 0930 (EST) to the last bar on the chart. This is the level used to calculate the New Opening Gap. All colors can be customised.
0930 Opening Line example:
Auto Support & Resistance With Wick Signals & Percentage GapsThis auto support and resistance indicator uses percentage deviations from the previous session close to calculate levels. It provides arrows as signals when it detects 2 wicks in the last 5 bars from a support or resistance level. Includes alerts for price crossing any level as well as real time percentage gaps from current price to the next closest support and resistance level. You also have the option to set up to 3 major levels of your own for any levels that are very important on longer timeframes that you want included. Those will show on the chart as well as within your percentage gap table with color coded background. All features can be customized or turned off to suit your preferences.
SOURCE
This indicator uses the previous session close as a source by default but can be adjusted to use the previous session high or the previous session low. I find the close setting to provide the most accurate levels.
SESSION
The default setting for the previous session used is the daily session but can be adjusted to use the daily, weekly, monthly, quarterly or yearly session. Use longer sessions when looking at longer time frame charts.
SIGNALS
The signals by default are set to only show an arrow if there have been 2 bullish or bearish wicks off of a support or resistance level in the last 5 bars. This can be changed to one bullish wick off of support and one bearish wick off of resistance or it can be set to give a signal anytime a bar crosses a support or resistance level. This can be controlled in the indicator settings.
PERCENTAGE DEVIATION LEVELS
The default percentage deviation is set to 1% but can and should be adjusted according to whatever ticker you are using. For example use .25% or .5% when looking at forex intraday charts since they are not as volatile as other markets. For leveraged etfs used 1% multiplied by the leverage on the etf, so for SQQQ use 3% as it is a 3x leveraged etf. When looking at longer timeframes or highly volatile charts, set the percentage deviation to 2%, 5%, 10%, etc.
LINE COLORS
The color of the lines will change from red to green depending on if the price is above or below that level. You can customize these colors in the settings.
MAJOR LEVELS
If you have major levels of support and resistance from longer timeframes and your own charting, you can add up to 3 major levels that will show on the chart as well as show the percentage gaps in the table. The label for each major level will be colored to match the color of the line on the chart individually.
PERCENTAGE GAP TABLE
The gap table will update live with percentages to go from current price to the next closest support and resistance levels so you don’t have to calculate them manually. The position of the percentage gap table can also be changed within the indicator settings.
TURN FEATURES ON/OFF
There are 3 toggle switches so you can easily turn on or off certain features such as: the support and resistance lines, the percentage gaps table and the arrow signals.
LINE WIDTHS
You can also set the line width of all levels and the line width of the starting level within the indicator settings.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This automatic support and resistance indicator can be used on all timeframes as long as there is enough data for the session used.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Volume Spike Scanner, Volume Profile, Momentum and Trend Friend in combination with this auto support and resistance indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Cash Gaps on a Future/CFD-ChartThe script is based on the great work of @NgUTech which very nicely prints the gaps on any given chart.
The purpose of this script is to show the gaps to futures or cfd of the underlying cash chart, because very often gap closing provides an opportunity to fade the move.
The script works in the way that the user provides the underlying chart symbol and the current spread of the instruments (cash-future/cfd) and it draws boxes where the cash-gaps are.
If you know a way to automatically calculate the spread of the two instruments, please let me know, thanks.
Michael
Bitcoin CME Gaps [NeoButane]Simple script that checks for gaps in price from CME. tickerid(x, y, sess) doesn't seem to be applying correctly for the ticker specified at the moment so there are a couple of 'gaps' peppered on lower timeframes.
Gaps are legitimate price levels to look as a support or resistance. The theory is that volume needs to be gap filled, but I currently believe it's an easy entry/exit trade for those who can move the market. I don't think there is sound analysis behind the why, but it is real.
CRYPTO CME GAPS- Can be used in any crypto symbol of any exchange, (not necessarily the CME exchange)
- Displays the CME gaps with the colors green or red depending on the sentiment of the gap
- Extends the gaps displayed until they are filled.
- In the end of the code there are the boolean values 'filled_bull' and 'filled_bear' that can be used to create a strategy script.
No Gaps - JizzanyNo Gaps – Jizzany
Fill the blanks. Own the patterns.
Don’t let thin futures feeds or blazing-fast 1 s bars break your flow—this overlay stitches every missing pixel back into your chart so you can:
🔍 Analyze low-liquidity markets (futures, exotic FX, crypto alt-pairs) without awkward jumps
⏱️ Trade ultra-low timeframes (1 s, tick charts) with full confidence in every wick
📈 Spot price patterns seamlessly, even when your broker’s feed skips a beat
How it works: Auto-detects gaps between sessions or feeds, then draws miniature candles from the prior close to the current open—using real intrabar highs/lows—so nothing ever goes unseen.
Perfect for scalpers, day traders, and anyone who demands continuity in every bar. Try it on your next chart and rediscover the story in every candle.
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Micro Gaps DetectorSimple Micro Gap Indicator: A Technical Analysis Tool
The Simple Micro Gap Indicator is a specialized momentum indicator designed to identify and analyze micro gaps between consecutive candlesticks in financial charts. Unlike traditional gap analysis that focuses on larger price gaps, this indicator specifically targets smaller, less noticeable spaces between candles.
Key Features:
Detects minimal price disparities between consecutive candlesticks
Helps identify potential short-term momentum shifts
Useful for high-frequency trading and scalping strategies
Functions as a momentum indicator for short-term price movements
GapDetectGap Severity Analysis Library
This library, GapDetect , simplifies the identification and evaluation of overnight gaps by leveraging statistical metrics such as standard deviation and percentage moves. It is ideal for detecting large abnormal gaps which may be used to modify how strategies may decide to enter or exit.
Key Features:
Overnight Gap Detection
Provides two core functions:
today : Computes the value of today's overnight gap.
todayPercent : Computes the percentage change for today's overnight gap.
Volatility Analysis
Includes functions for statistical gap analysis:
normal : Calculates the normal daily standard deviation of the overnight gap, filtering outliers using customizable thresholds.
normalPercent : Similar to normal , but for percentage-based gap moves.
Gap Severity Metric
severity : a positive or negative value that represents the ratio of the current overnight move compared to the standard deviation of previous ones.
Customizable Parameters
Supports custom session specifications, resolutions, and outlier thresholds.
Inversion Fair Value Gaps [TradingFinder] IFVG ICT Signal| Alert🔵 Introduction
🟣 Inversion Fair Value Gap (IFVG)
An ICT Inversion Fair Value Gap, or reverse FVG, occurs when a fair value gap fails to hold its price, resulting in the price moving beyond and breaking the gap. This situation marks the initial change in price momentum.
Generally, prices respect fair value gaps and continue in their trend direction. However, when a fair value gap is breached, it transforms into an inversion fair value gap, signaling a potential short-term reversal or a subsequent change in direction.
🔵 How to Use
🟣 Identifying an Inversion Fair Value Gap
To spot an IFVG, you must first identify a fair value gap.
Inversion fair value gaps can be categorized into two types :
🟣 Bullish Inversion Fair Value Gap
A bullish IFVG occurs when a bearish fair value gap is invalidated by the price closing above it.
Steps to identify it :
Identify a bearish fair value gap.
When the price closes above this gap, it becomes a bullish inversion fair value gap.
This gap acts as a support level, pushing the price upwards and indicating a shift in momentum from sellers to buyers.
🟣 Bearish Inversion Fair Value Gap
A bearish IFVG happens when a bullish fair value gap fails, with the price closing below it.
Steps to identify it :
Identify a bullish fair value gap.
When the price closes below this gap, it becomes a bearish inversion fair value gap.
This gap acts as a resistance level, pushing the price downwards and indicating a shift in momentum from buyers to sellers.
🔵 Settings
🟣 Global Settings
Show All Inversion FVG: If disabled, only the most recent FVG will be displayed.
IFVG Validity Period (Bar): Determines the maximum duration (in number of candles) that the FVG and IFVG remain valid.Switching Colors Theme Mode: Includes three modes: "Off", "Light", and "Dark". "Light" mode adjusts colors for light mode use, "Dark" mode adjusts colors for dark mode use, and "Off" disables color adjustments.
🟣 Logic Settings
FVG Filter : This refines the number of identified FVG areas based on a specified algorithm to focus on higher quality signals and reduce noise.
Types of FVG filters :
Very Aggressive Filter : Adds a condition where, for an upward FVG, the last candle's highest price must exceed the middle candle's highest price, and for a downward FVG, the last candle's lowest price must be lower than the middle candle's lowest price. This minimally filters out FVGs.
Aggressive Filte r: Builds on the Very Aggressive mode by ensuring the middle candle is not too small, filtering out more FVGs.
Defensive Filter : Adds criteria regarding the size and structure of the middle candle, requiring it to have a substantial body and specific polarity conditions, filtering out a significant number of FVGs.
Very Defensive Filter : Further refines filtering by ensuring the first and third candles are not small-bodied doji candles, retaining only the highest quality signals.
Mitigation Level FVG and IFVG : Options include "Proximal", "Distal", or "50 % OB" modes, which you can choose based on your needs. The "50 % OB" line is the midpoint between distal and proximal.
🟣 Display Settings
Show Bullish IFVG : Toggles the display of demand-related boxes.
Show Bearish IFVG : Toggles the display of supply-related boxes.
🟣 Alert Settings
Alert Inversion FVG Mitigation : Enables alerts for Inversion FVG mitigation.
Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'.
Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'.
Display More Info : Provides additional details in alert messages, including price range, date, hour, and minute. Set to 'Off' to exclude this information.
