Fair Value Gap Zones Multi Timeframe

FVG Zones MTF

This indicator detects Fair Value Gaps (FVG) and draws them as zones on your chart, from up to three timeframes at the same time - the chart timeframe plus two higher timeframes of your choice. Each timeframe set has its own colours and label, so you always know which timeframe a zone came from.

Key Features

• Detects bullish and bearish FVG zones on the current timeframe plus two higher timeframes, all shown on one chart.
• Small control panel on the chart with one button per timeframe and a Filled button - show or hide any set with one click, without opening the settings.
• The panel can be dragged anywhere, minimized to a small bar, and its position, view mode and button states are kept when you switch timeframe.
• Two fill criteria: Full (price passes through the entire zone) or CE (price reaches 50% of the zone).
• Filled zones turn grey (or can be hidden), so unfilled zones stand out.
• Dashed 50% midline (Consequent Encroachment) in every zone, with adjustable colour.
• Minimum zone size filter removes small gaps that would clutter the chart.
• Separate display limits for unfilled and filled zones per timeframe.
• Zone labels show the source timeframe (for example "FVG H1"), or your own custom text, positioned left or right.
• Alerts: when a new FVG forms, and when price touches the 50% line of an unfilled zone. Channels: popup, push notification to mobile, sound.
• The 50% touch alert has a re-arm distance: after a touch it stays quiet until price moves away from the line by a set percentage of the zone height, then it can alert again on the next touch. Maximum one alert per bar per zone.
• Panel scale input for high resolution displays.
• Works on any symbol and any timeframe.

How It Works

A Fair Value Gap is a three candle pattern where the middle candle moves so strongly that a price gap is left between the first and third candle: a bullish FVG when the low of the third candle stays above the high of the first, and a bearish FVG when the high of the third candle stays below the low of the first. The indicator scans each selected timeframe, draws every gap as a rectangle with its 50% midline, and extends unfilled zones up to the current price. When price comes back and fills a zone according to the chosen criteria, the zone turns grey and stops at the filling bar. Higher timeframe sets must be equal to or higher than the chart timeframe; a set below the chart timeframe is hidden and a note is shown on the chart.

Input Parameters

Detection

• Filled criteria - Full (entire zone) or CE (50% of the zone).
• Bars to scan back - history depth per timeframe.
• Max unfilled / Max filled FVGs - display limits per timeframe.
• Min FVG size in points - zones smaller than this are ignored (0 = off).

Display

• Show filled FVGs and Filled FVG color.
• Show midline (50%) and Midline color.
• Show labels, Label position (left / right), Label font size, Label color.

Control Panel

• Show control panel and Panel scale (1.0 - 3.0).

Alerts

• New FVG formed - alert when a new gap appears on any enabled timeframe.
• Price touches 50% line - alert on touch of the midline of an unfilled zone.
• 50% re-arm distance - percent of zone height price must retreat before the same zone can alert again.
• Channels - popup, push notification (mobile), sound.

Set 1 (current timeframe), Set 2 and Set 3 (higher timeframes)

• Enable, Timeframe (sets 2 and 3), Bullish color, Bearish color, Label text (empty = automatic).

Notes

This is a visual analysis tool. It does not send trading signals or open orders.