Fair Value Gaps Mitigation Oscillator

Fair Value Gaps Mitigation Oscillator condenses the state of recent fair value gaps into normalized Bullish, Bearish and Net lines. Instead of boxing imbalances on the price panel, it tracks a user-defined number of bullish and bearish gaps, measures how much of each remains unfilled, and scales the running total between +1 and -1, a direct reading of whether the market is defending its imbalances or repairing them.

How to Trade the Fair Value Gaps Mitigation Oscillator?

• Sustained high values: bullish gap area is staying open. Demand keeps lifting price away from its inefficiencies, typical of a robust uptrend.
• Deep negative values: bearish gaps dominate and remain unfilled, the signature of an intensifying downtrend.
• Readings near +1 or -1: the entire lookback is either fully unmitigated in one direction or entirely mitigated in the opposite one: one-sided conditions at their most stretched.
• Histogram bars: each new gap prints a bar sized as its share of total outstanding gap width, with a 50% hash mark for reference. An outsized bar means a single displacement now dominates the picture.

Mitigation starts when price closes over, under, or within a gap, and the total falls by the mitigated percentage. Reading the line alongside the standard FVG behavior rules helps separate continuation conditions from a market busy repairing itself.

Fair Value Gaps Mitigation Oscillator Settings

• FVG Lookback: how many bullish and bearish gap pairs stay in memory. Raise it to profile longer-term trend structure; lower it for a faster, more local read of gap behavior.

Frequently Asked Questions

What changes when I raise the FVG Lookback?

How does this differ from the absorption indicator?

How can I get the oscillator?