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Fair Value Gap Finder with Integrated Gann Box

Dec 23, 2023

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Price Action BasedDynamic OverlaysSupport and ResistanceTime BasedCandlestickFibonacciFVGLiquidityPatterns

The Fair Value Gap Finder with Integrated Gann Box indicator identifies Fair Value Gaps (FVG) and overlays Gann Box levels to provide a multi-dimensional view of price action and potential reversal zones.

Usage

The indicator automatically highlights FVGs on the chart when a price gap occurs between the high of the first candle and the low of the third candle (or vice versa). Once an FVG is detected, a Gann Box is integrated within the gap area to project specific internal price levels. Traders can use these highlighted zones to identify institutional order flow, potential support/resistance, and refined entry or exit points based on Gann’s geometric principles.

Key features include:

  • Automatic FVG Detection: Highlights bullish and bearish gaps with customizable colors.
  • Integrated Gann Box: Overlays key mathematical levels within the gap to identify midpoints and significant price ratios.
  • Multi-Timeframe Support: Option to display HTF FVGs (e.g., 1-minute gaps) on lower-timeframe charts.
  • Market Structure Tools: Optional toggles for Break of Structure (BOS), Market Structure Shifts (MSS), and Equal Highs/Lows (EQH/EQL).

Details

This tool combines the price-action concept of Fair Value Gaps with the time and price symmetry theories of W.D. Gann. An FVG represents an imbalance where price moves so rapidly that only one side of the market is efficiently filled. By placing a Gann Box within these imbalances, the script helps traders visualize internal retracement levels (such as the 0.375 and 0.62 levels) that often act as magnetic points for price correction before a trend continuation.

Settings

Fair Value Gap

  • Max visible FVG boxes: Limits the number of FVG boxes displayed on the chart to maintain performance.
  • Minimum Gap Size: Filters out minor gaps based on a minimum price threshold.

Fair Value Gap Style

  • Bullish/Bearish FVG Color: Customizes the background color of the detected gaps.
  • FVG Text Label: Allows users to add a custom text identifier to the boxes.
  • Text Label Size: Adjusts the font size of the FVG labels.

Gann Box Levels

  • Show Gann Box: Toggles the visibility of the Gann Box lines within the FVG.
  • Show Gann Box Level 2 and 3 Prices: Displays the specific price values for the internal Gann levels.

Gann Box Levels Style

  • Level Colors & Values: Allows customization of the four Gann levels and the specific ratios for the internal lines (defaulted to 0.375 and 0.62).

Market Structure

  • Enable Trend Line: Plots swing points (HH, HL, LH, LL).
  • Show BOS/MSS: Toggles visibility for Break of Structure and Market Structure Shift labels.
  • Swing Length: Adjusts the lookback period for identifying swing points.

FAQ

How do I use the Gann levels within the FVG? The internal Gann levels (Level 2 and 3) often act as areas of sensitivity. Many traders look for price to "fill" the gap to these specific levels before observing a reaction or continuation.

Can I see FVGs from higher timeframes? Yes, by enabling the HTF FVG section in the settings, you can project gaps from higher timeframes onto your current chart to identify significant macro imbalances.

How can I access Fair Value Gap Finder with Integrated Gann Box? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

Free indicator

Get free access to this indicator on the platforms below.

TradingView
NinjaTrader
MetaTrader 4/5

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