OPEN-SOURCE SCRIPT

Fair Value Gap Zones

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Description

This script automatically detects and highlights Fair Value Gaps (FVGs) on any chart and timeframe.
It identifies bullish and bearish imbalance zones using candle-to-candle price displacement and shades them visually on the chart for easy reference.

Bullish FVGs are marked with dark green zones, showing areas where price may later return before continuing upward.

Bearish FVGs are shaded in light red, indicating potential retracement zones in downtrends.

All zones extend forward automatically, updating dynamically as new candles form.

Designed for traders who use Smart Money Concepts (SMC) or ICT-style analysis, this tool helps visualize market inefficiencies and potential reaction points with clear, minimal visuals.

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