FXB Fair Value Gap Order Blocks

Advanced Multi-Timeframe Fair Value Gap and Order Block Indicator for MetaTrader 5

FxBlinders Fair Value Gap Order Block is a powerful price action and Smart Money Concepts (SMC) indicator designed to automatically identify and visualize Fair Value Gaps (FVGs) and Order Blocks (OBs) directly on your MetaTrader 5 charts.

The indicator helps traders identify market imbalances, potential institutional price reaction zones, and important areas of support and resistance.

With customizable visualization, multi-timeframe detection, automatic zone tracking, and real-time alerts, it provides a structured approach to analyzing price action.

Key Features

1. Fair Value Gap (FVG) Detection

• Automatically identifies bullish and bearish three-candle Fair Value Gaps.

• Displays bullish FVGs in Aqua and bearish FVGs in Magenta by default.

• Highlights the 50% equilibrium level with a gold dotted line.

• Displays untouched zones as filled rectangles.

• Changes touched zones to dotted outlines.

• Automatically removes invalidated FVGs from the active visualization.

• Configurable maximum number of displayed FVGs per direction.

2. Order Block (OB) Detection

• Automatically identifies bullish and bearish Order Blocks associated with detected FVG formations.

• Configurable Order Block lookback period.

• Supports full candle range or candle body calculations.

• Displays bullish Order Blocks in blue and bearish Order Blocks in red by default.

• Optional gold dotted 50% midpoint line.

• Optional Order Block candle body boundaries.

• Automatically tracks touched and invalidated Order Blocks.

3. Multi-Timeframe Analysis

• Select a detection timeframe independently from the chart timeframe.

• Analyze higher-timeframe FVGs and Order Blocks on lower-timeframe charts.

• Use the current chart timeframe or choose a specific timeframe.

4. Smart Zone Visualization

• Filled rectangles represent untouched zones.

• Dotted outlines identify previously touched zones.

• Invalidated zones are automatically excluded.

• Customizable colors, border styles, and widths.

• Optional visual connections between related Order Blocks and Fair Value Gaps.

5. Real-Time Alerts

• Separate alerts for newly confirmed bullish and bearish FVGs.

• Independent alerts for newly identified Order Blocks.

• Alerts are triggered using completed candles on the selected detection timeframe.

• Alerts can be enabled or disabled individually.

Trading Applications

FxBlinders Fair Value Gap Order Block can assist with:

• Smart Money Concepts (SMC) analysis.

• Identifying potential price reaction zones.

• Liquidity and market imbalance analysis.

• Support and resistance identification.

• Breakout and pullback analysis.

• Multi-timeframe trading.

• Intraday trading, scalping, and swing trading.

Compatible Markets

Designed for MetaTrader 5 and applicable to:

• Forex currency pairs

• Gold (XAUUSD)

• Silver (XAGUSD)

• Stock indices

• Cryptocurrencies

• Other MT5-supported instruments

Indicator Settings

Timeframe: Select the timeframe used for FVG and Order Block detection.

FVG Settings: Enable/disable FVG zones, configure alerts, maximum zone count, colors, midpoint lines, and borders.

Order Block Settings: Enable/disable Order Blocks, configure alerts, lookback period, candle body detection, midpoint lines, body boundaries, and visual styles.

OB-to-FVG Links: Enable or disable visual connections between associated Order Blocks and FVGs.

Important Information

• Indicator only — does not automatically open or close trades.

• No external indicators required.

• No DLL dependencies.

• Uses historical and completed candle data for zone detection.

• Current zone status may change as new candles close.

• All major visual settings are customizable.

Developed by FxBlinders

Risk Disclaimer: Trading involves financial risk. This indicator is a technical analysis tool and does not guarantee profitable trading results. Always use appropriate risk management.