# Breakaway Fair Value Gaps

Breakaway Fair Value Gaps is an indicator on [Vela](https://vela.luxalgo.com/chart), our next-generation charting platform, written in Pine Script®.

Breakaway Fair Value Gaps flags FVGs that print while price pushes into new range highs or lows: momentum-driven imbalances at the extremes. A statistics dashboard tracks how often, and how fast, such gaps have been mitigated on your chart, arming continuation and mean-reversion traders with actual numbers.

- Indicator in the LuxAlgo Library, by LuxAlgo, published Dec 4, 2024.
- Access: free.
- Concepts: [Fair Value Gap](https://www.luxalgo.com/library/concept/fair-value-gap/) (primary), [Breakaway Gap](https://www.luxalgo.com/library/concept/breakaway-gap/), [FVG Behavior Rules](https://www.luxalgo.com/library/concept/fvg-behavior-rules/)
- Open on Vela: https://vela.luxalgo.com/chart?pineScriptCodeId=cmpwn0j1j000pvhsgklcwpz2r
- Page: https://www.luxalgo.com/library/indicator/breakaway-fair-value-gaps/

**Breakaway Fair Value Gaps** isolates a specific breed of [fair value gap](https://www.luxalgo.com/library/concept/fair-value-gap/): imbalances printed while price is breaking into new highs or lows of its range, with the range framed by Donchian Channels. Like the classical [breakaway gap](https://www.luxalgo.com/library/concept/breakaway-gap/), these formations capture buyers or sellers driving the market aggressively beyond an extreme, which generally argues for continuation, yet because they form where price is already stretched, they can just as well precede the counter-move that rebalances them. A statistics dashboard turns that judgment call into a data question.

## How to Trade the Breakaway Fair Value Gaps?

- **Continuation read**: a Breakaway FVG in the breakout's direction reflects momentum-driven conviction at the extreme.
- **Reversal read**: gaps created off-balance at range extremes often attract a move back to fill them; the dashboard shows how often that has resolved on your chart.
- **Mitigation levels**: unresolved gaps project their fill level to the current bar, keeping the distance to mitigation measurable.
- **Dashboard stats**: bullish and bearish gap counts, the share mitigated within your window, and the average or median bars to fill.

Pairing the gaps with a confirmation tool and targeting the projected mitigation levels is the intended workflow.

## Breakaway Fair Value Gaps Settings

- **Trend Length**: the Donchian Channel trend length defining the extremes where gaps qualify.
- **Show Mitigation Levels**: hide the projected fill levels to show gaps alone.
- **Maximum Duration**: the analysis window in bars; gaps unfilled beyond it count as un-mitigated.
- **Show Dashboard**: toggles the statistics panel.
- **Use Median Duration**: report the median bars-to-fill instead of the average.

## Frequently Asked Questions

### Are these gaps continuation or reversal signals?

Both readings are legitimate, which is why the dashboard exists. High mitigation percentages with short fill times say the market has tended to rebalance these gaps quickly, while stubbornly unfilled gaps testify to genuine momentum behind the break.

### How does this differ from a general FVG detector?

A standard detector marks every imbalance; this build only flags gaps forming at fresh range highs or lows, where conviction and overextension collide. If you want mitigation pressure expressed as its own pane, the [Fair Value Gaps Mitigation Oscillator](https://www.luxalgo.com/library/indicator/fair-value-gaps-mitigation-oscillator/) extends the same lens to the whole gap population.

### How do I get access to Breakaway Fair Value Gaps?

It loads free from this LuxAlgo Library page, no subscription required, and Quant, our coding agent, can run it straight from here. You can also copy the source code from this page and run it anywhere Pine Script® runs.

## Related indicators

- [Fair Value Gap Absorption Indicator](https://www.luxalgo.com/library/indicator/fair-value-gap-absorption-indicator/) (Fair Value Gap): markdown at https://www.luxalgo.com/library/indicator/fair-value-gap-absorption-indicator.md
- [Fair Value Gaps Mitigation Oscillator](https://www.luxalgo.com/library/indicator/fair-value-gaps-mitigation-oscillator/) (Fair Value Gap): markdown at https://www.luxalgo.com/library/indicator/fair-value-gaps-mitigation-oscillator.md
- [HTF Fair Value Gap](https://www.luxalgo.com/library/indicator/htf-fair-value-gap/) (Fair Value Gap): markdown at https://www.luxalgo.com/library/indicator/htf-fair-value-gap.md
- [Inversion Fair Value Gaps (IFVG)](https://www.luxalgo.com/library/indicator/inversion-fair-value-gaps-ifvg/) (Fair Value Gap): markdown at https://www.luxalgo.com/library/indicator/inversion-fair-value-gaps-ifvg.md
- [ICT Implied Fair Value Gap (IFVG)](https://www.luxalgo.com/library/indicator/ict-implied-fair-value-gap-ifvg/) (Fair Value Gap): markdown at https://www.luxalgo.com/library/indicator/ict-implied-fair-value-gap-ifvg.md
- [Liquidity Voids (FVG)](https://www.luxalgo.com/library/indicator/liquidity-voids-fvg/) (Fair Value Gap): markdown at https://www.luxalgo.com/library/indicator/liquidity-voids-fvg.md
- [ICT Immediate Rebalance](https://www.luxalgo.com/library/indicator/ict-immediate-rebalance/) (FVG Behavior Rules): markdown at https://www.luxalgo.com/library/indicator/ict-immediate-rebalance.md
- [FVG Instantaneous Mitigation Signals](https://www.luxalgo.com/library/indicator/fvg-instantaneous-mitigation-signals/) (FVG Behavior Rules): markdown at https://www.luxalgo.com/library/indicator/fvg-instantaneous-mitigation-signals.md

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Source: https://www.luxalgo.com/library/indicator/breakaway-fair-value-gaps/ (LuxAlgo Library). Free to use with attribution: https://www.luxalgo.com/library/license/