Fair Value Gap Scanner
Identifies all imbalances — FVGs, volume imbalances and price imbalances with fill tracking and consequent encroachment levels.
What Are Fair Value Gaps?
A Fair Value Gap (FVG) is a three-candle pattern where the middle candle moves so impulsively that a gap is left between candle 1's wick and candle 3's wick — a price range that was never traded. In ICT methodology, price tends to return to fill these imbalances, making FVGs high-probability entry zones.
This indicator automatically detects, labels, and tracks FVGs and Volume Imbalances in real time, with CE levels, MTF overlay, and fill tracking built in.
Key Features
Bullish & Bearish FVG Detection
Identifies all three-candle imbalance patterns. Bullish FVGs form during upward displacement (gap between candle 1 high and candle 3 low). Bearish FVGs form during downward displacement (gap between candle 1 low and candle 3 high).
CE 50% Level
Marks the exact midpoint of every FVG. In ICT, the CE of an FVG is a precision entry trigger — price commonly reacts from the 50% level before fully filling the gap.
Volume Imbalances
Detects gaps between adjacent candle bodies — a related but distinct concept from FVGs. Volume imbalances act as weaker but still-relevant reaction zones, especially on lower timeframes.
Fill Tracking
FVGs change state when price returns and fills them. Fully filled gaps can be hidden or kept visible for reference — useful for tracking how the market has dealt with historical imbalances.
Min Gap Size Filter
Filter out insignificant micro-gaps using a minimum size threshold in points. Keeps your chart focused on imbalances large enough to be institutionally relevant.
Multi-Timeframe Overlay
Display HTF FVGs on your current chart. Institutional FVGs from the 1H or 4H are more significant than 5m FVGs — the MTF overlay lets you see both without chart switching.
Settings Reference
Works On
All forex, indices, crypto, commodities. FVGs are most actionable on liquid markets with clear directional moves — EUR/USD, GBP/USD, NAS100, US30, and Gold are ideal. Best timeframes: 1m–15m for scalping, 1H–4H for swing entries.
Recommended Setup
Set a minimum gap size appropriate to your market (0.0010 for forex, 50+ for NAS100) to filter micro-imbalances. Enable CE levels and use them as your entry trigger — entering at the 50% CE rather than the FVG open gives a better risk-to-reward while still capturing the fill. Enable the MTF overlay at 1H when trading the 15m. For best results, combine with the Smart Money Order Blocks indicator — an FVG sitting inside an order block is a high-confluence ICT entry setup.