Fair Value Gaps Setup 01 Indicator to TradingView - Free -[TFlab]

The Fair Value Gaps Setup 01 Indicator is a powerful trading tool built on Smart Money Concepts (SMC) and the ICT methodology. It is designed to automatically detect Fair Value Gaps (FVGs) — zones where price moves rapidly, leaving imbalances between candles. These areas often act as high-probability reversal levels and can signal a Change of Character (CHOCH) in market structure.
Optimized for multi-timeframe analysis, the indicator is available on the TradingView platform and is particularly suited for advanced traders specializing in intraday trading, liquidity-based strategies, and reversal setups.

You can access the Indicator from this link:

https://tradingfinder.com/products/i...gaps-setup-01/

You can access the Indicator on the TradingView website:

https://www.tradingview.com/script/X...orption-CHoCH/



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Key Features & Use Cases

1. Detects Fair Value Gaps (FVGs) in real-time
2. Marks Change of Character (CHOCH) to confirm trend shifts
3. Highlights critical support and resistance zones
4. Supports price action trading and reversal strategies
   
   

Trading Scenarios

Bullish Conditions (Uptrend)

The indicator highlights bullish FVGs formed during strong upward price moves

Example:

1. On the daily USD/JPY chart, a rapid bullish impulse creates a gap between candles.
2. The gap acts as a support zone, often prompting retracement.
3. A Buy signal is validated when price revisits this gap after breaking the previous high, especially with rising trading volume.
4. This setup reflects a bullish CHOCH, signaling a shift toward upward momentum.

Bearish Conditions (Downtrend)

The indicator identifies bearish FVGs that serve as resistance zones during retracements.

Example:

1. On the 15-minute XAU/USD (Gold) chart, the market breaks a previous low during a bearish impulse, forming an FVG.
2. When price re-enters the gap zone and declines further, it confirms seller strength.
3. This scenario represents a bearish CHOCH, indicating continued downward pressure.
   
   

Trading Insight:

The indicator provides clear visual cues to validate sell entries in bearish phases.

Adjustable Settings

Market Structure Configuration

1. Pivot Period – Defines periods for structural pivot detection
2. Show Major Bullish CHOCH Lines – Marks significant bullish shifts
3. Show Major Bearish CHOCH Lines – Marks major bearish trend changes

Fair Value Gap Detection

1. FVG Detector Multiplier Factor – Adjusts sensitivity of detection
2. FVG Validity Period (Bars) – Sets how long gaps remain valid
3. Mitigation Level FVG – Defines the point where FVGs are considered filled/invalid
4. Show Demand FVG – Highlights demand-driven gaps
5. Show Supply FVG – Highlights supply-driven gaps
6. FVG in Low-Risk Zone – Marks gaps within safer trading zones

Alerts & Notifications

1. Alert Activation – Enables real-time alerts
2. Custom Alert Name – Personalize alert labels
3. Message Frequency – Control how often alerts fire
4. Time Zone Display – Sync alerts with local trading time
5. Long/Short Messages – Tailored notifications for Buy or Sell setups
   
   

Conclusion

The Fair Value Gaps Setup 01 Indicator combines market structure analysis, liquidity detection, and price imbalance tracking to deliver high-probability trade setups.

1. CHOCH lines reveal key structural breaks and trend reversals.
2. FVGs identify inefficiencies that act as potential entry or exit zones.

By aligning institutional trading concepts with visual clarity on TradingView, this indicator gives traders a strategic edge, especially in volatile markets where liquidity and precision entries are essential.