Best Free Fair Value Gap FVG Technical Indicator on TradingView. Works on Forex, Gold on Any Other Market (SMC ICT Trading)

This free indicator accurately identifies Fair Value Gaps FVG on any market.

It is available on TradingView and it is very easy to set it up.

In this article, I will show you how to use this indicator, its settings and how to find a valid fair value gap easy in one click.

What is Fair Value Gap FVG

Let's start with my definition of a fair value gap because it is different from trader to trader

FVG is a sudden, sharp price move that happens so fast that it leaves behind a price zone where very little trading actually occurred.

Because this zone saw almost no trading, it creates an imbalance. 

Such a move is usually created by a large candle.

A candle with a big body and almost no wicks.

Among classic Japanese candlesticks, there is one such a candle.

It is called Marubozu.

Here are bullish and bearish structures of that candle.

A green one represents extremely strong bullish momentum.

The price opened at the low of the period and closed at the high of the period. There were no pullbacks; buyers were in complete control from the opening bell to the close.

Its bearish variation has the same logic.

The price opened at the high of the period and closed at the low of the period, with a very little trading activity within. 

Best Fair Value Gap FVG Indicator

Our technical indicator will look for such a candle.

The indicator that we will use is called "All Candlestick Patterns" on TradingView.

In the settings of this indicator, we should select Marubozu White (bullish candle) and Marubozu Black (bearish candle).

After we click "OK", the indicator will immediately start working.

How It Works

The indicator will show valid and significant Fair Value Gaps FVG on any time frame and any trading instrument.

Like any other indicator, it will miss some Fair Value Gaps, but while you are learning to identify them, it will help you to spot the most important ones.