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

The Fair Value Gaps Setup 01 Indicator is an advanced trading tool built on Smart Money Concepts (SMC) and the ICT methodology. It is designed to automatically identify Fair Value Gaps (FVGs) — areas where price moves quickly, leaving behind imbalances between candles. These gaps often mark high-probability reversal zones and can signal a Change of Character (CHOCH) in market structure.
Optimized for multi-timeframe analysis, this indicator runs seamlessly on the TradingView platform. It is particularly suited for advanced traders who specialize in intraday trading, liquidity-based setups, and reversal strategies.

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/



Prop Firm DrawDown Protector : Prop Firm Capital Protection Expert MT5 | Smart Money Trap Scanner | Forex Money Management: Forex Trade Management Expert MT5 | ICT Concepts Indicator MT5 |Smart Money Concepts Expert MT5 |Get a free Expert Advisor license via Telegram and WhatsApp

Key Features & Use Cases

1. Detects Fair Value Gaps (FVGs) in real-time
2. Marks CHOCH (Change of Character) to signal market trend shifts
3. Highlights key support and resistance zones
4. Supports price action and reversal setups using FVGs

Trading Scenarios

Uptrend Scenario

In bullish conditions, the indicator detects gaps created by strong upward moves.

Example:

1. On the daily USD/JPY chart, a sharp bullish impulse forms a gap between candles.
2. This gap acts as a support zone, prompting a potential retracement.
3. A Buy setup is validated when:
   1. Price revisits the FVG zone
   2. A previous high is broken
   3. Trading volume increases

4. This reflects a bullish CHOCH, confirming upward momentum.

Downtrend Scenario

In bearish conditions, the indicator highlights gaps that turn into resistance zones.

Example:

1. On the 15-minute XAU/USD (Gold) chart, the market breaks a previous low during a bearish impulse.
2. An FVG forms as price declines rapidly.
3. Price re-entry into the FVG zone followed by continued downside confirms seller dominance.
4. This represents a bearish CHOCH, signaling sustained downward pressure.

Trading Insight:

These visual cues help traders validate Sell entries during bearish market phases.
Adjustable Settings
Market Structure Configuration

1. Pivot Period – Defines periods for structural pivot detection
2. Show Major Bullish CHOCH Lines – Highlights significant bullish shifts
3. Show Major Bearish CHOCH Lines – Displays key bearish reversals

Fair Value Gap Detection

1. FVG Detector Multiplier Factor – Adjusts FVG sensitivity
2. FVG Validity Period (Bars) – Controls how long a gap remains valid
3. Mitigation Level FVG – Defines levels at which FVGs are considered mitigated
4. Show Demand FVG – Visualizes demand-driven gaps
5. Show Supply FVG – Highlights supply-side gaps
6. FVG in Low-Risk Zone – Marks imbalances within safer trading zones

Alerts & Notifications

1. Alert Activation – Enables real-time alerts
2. Custom Alert Name – Personalize alert labels
3. Message Frequency – Manage how often alerts trigger
4. Show Alert Time by Time Zone – Aligns alerts with local time
5. Long/Short Position Messages – Provides specific Buy/Sell notifications

Conclusion

The Fair Value Gaps Setup 01 Indicator is both a visual and analytical trading tool for identifying CHOCH events and FVG zones within the framework of ICT and Smart Money principles.

1. CHOCH lines reveal critical breaks in structure and trend reversals.
2. FVG detection exposes price inefficiencies that often serve as entry or exit points.

By combining market structure analysis, liquidity zones, and gap detection, this indicator gives traders a strategic edge in spotting high-probability trade setups. It is especially effective for those trading in volatile conditions on the TradingView platform.