FVG Candle TYHE42

This indicator highlights potential Fair Value Gaps (FVGs) directly on the relevant candle by changing its body color.

The logic is simple yet effective:

A bullish FVG is detected when the current low is above the high from two candles back.

A bearish FVG is detected when the current high is below the low from two candles back.

When such a gap is detected, the previous candle is colored (default: yellow) to provide a clean, unobtrusive visual cue. This helps traders quickly identify price imbalances without cluttering the chart with shapes or labels.

Users can customize the highlight color from the settings to better suit their chart theme or personal preference.

This indicator is especially useful for traders using Smart Money Concepts (SMC), ICT, or other price imbalance-based strategies.