EFX Fair Value Gap

Detects and draws all Fair Value Gaps (FVGs) and Imbalances on the chart. Tracks open, partially filled, and fully filled gaps in real time with colour-coded status boxes.

FVGImbalanceICT

TradingView

About This Indicator

A Fair Value Gap (FVG) is a three-candle pattern where the wicks of the first and third candles do not overlap leaving a gap in price that represents an imbalance of orders. Institutional algorithms frequently return to these zones to rebalance before continuing the move.

The EFX FVG indicator plots every FVG the moment it forms and tracks whether price has returned to fill it. Fresh FVGs are prime targets for entries when aligned with structure, session, and order block confluence.

Key Features

Auto-detects bullish and bearish FVGs on every candle close
Status tracking: Open (bright) → Partially Filled → Filled (faded)
Minimum gap size filter eliminates micro-imbalances (adjustable)
Inverse FVG detection (IFVG) gaps that print inside structure
Alert on fresh FVG formation
Alert when price enters an open FVG zone
Clean box rendering no performance impact

How to Use

Focus on FVGs that form after a strong impulse move away from an order block
The 50% level of the FVG (equilibrium) is often where price reacts most strongly
Wait for price to enter the FVG from below (bullish) or above (bearish)
Combine with session timing FVGs formed during London/NY open carry more weight
Discard FVGs that have been partially or fully filled on a prior visit

Pine Script Preview

//@version=5
// EFX Fair Value Gap   EntraFX
// © 2026 EntraFX. Pro licence required.
indicator("EFX Fair Value Gap", overlay=true, max_boxes_count=300)

minGapPct = input.float(0.01, "Min Gap Size (%)", minval=0.001, step=0.001)
showFilled = input.bool(false, "Show Filled FVGs")
bullFVGCol = input.color(color.new(color.teal,  80), "Bullish FVG")
bearFVGCol = input.color(color.new(color.red,   80), "Bearish FVG")

// Bullish FVG: candle[2] low > candle[0] high
bullFVG = low[2] > high[0] and (low[2] - high[0]) / high[0] * 100 >= minGapPct
// Bearish FVG: candle[2] high < candle[0] low
bearFVG = high[2] < low[0] and (low[0] - high[2]) / low[0] * 100 >= minGapPct

if bullFVG
    box.new(bar_index - 2, low[2], bar_index, high[0],
            bgcolor=bullFVGCol, border_color=color.new(color.teal, 50))

if bearFVG
    box.new(bar_index - 2, high[2], bar_index, low[0],
            bgcolor=bearFVGCol, border_color=color.new(color.red, 50))

alertcondition(bullFVG, "Bullish FVG", "EFX: Bullish FVG formed")
alertcondition(bearFVG, "Bearish FVG", "EFX: Bearish FVG formed")

EFX Fair Value Gap

About This Indicator

Key Features

How to Use

Pine Script Preview

Download

Details

Related