FVG Metrics

FVG Metrics

This indicator detects and draws Fair Value Gap zones on the current chart timeframe. It can also display a panel with the number of active zones on selected timeframes.

The indicator shows bullish and bearish zones. A zone can remain active or be marked as mitigated, depending on the selected mitigation mode. In touch mode, a zone is considered mitigated when price touches the zone. In full mode, a zone is considered mitigated when price fully crosses the zone.

The panel can display information for M1, M5, M15, M30, H1, H4 and D1. For each timeframe, it shows the number of bullish zones, bearish zones and the total number of active zones. The current chart timeframe is highlighted in the panel.

The indicator includes settings for lookback bars, minimum gap size, maximum number of zones, zone extension, colors, label colors and panel layout. Mitigated zones can be hidden or displayed with a separate style.

Smaller FVGs are displayed with higher transparency, while larger FVGs are shown more prominently.

Optional alerts are available for new zone creation, zone touch and zone mitigation. Detection can also be limited to a selected server time window.

Notes

•  Fair Value Gaps zones are based on a 3-candle imbalance

• The indicator is designed for a clear and simple chart display

• It provides visual information only