Fair Value Gaps MT5 Trading Capital P
- Indicadores
- Versão: 1.0
Fair Value Gaps finds every three-candle imbalance on your chart, follows it until price fills it and shows the gaps of a higher timeframe on the same chart. Free, with no limits.
Gaps that never repaint
- Bullish and bearish fair value gaps found on closed candles only: a gap is known when its third candle closes and never moves afterwards
- Verified on real history: 135,510 buffer comparisons, 0 changes
- Size filter in points and/or as a fraction of ATR(14), so small noise gaps can be ignored
- The detection engine is unit tested (52 checks)
Follows each gap until it is filled
- The box shrinks to the part that is still open as price trades into it
- Filled by wick, by candle close or at the 50% level: your choice
- 50% line (consequent encroachment) and a size label on each gap
- Filled gaps can be hidden or kept on the chart in a lighter colour
Higher timeframe on the same chart
- Open gaps of one higher timeframe (H4 by default) drawn as outlined boxes
- Choose how many open gaps to show per side, newest first
Panel and alerts
- Open gaps per side, nearest support gap and nearest resistance gap with their distance
- Statistics: how often gaps on this chart were filled within N bars
- Alerts on a new gap and when price comes back into an open gap: pop-up, push, e-mail
- Four buffers for Expert Advisors (bullish top/bottom, bearish top/bottom)
Clean and light
- Movable, minimisable panel; every object is removed with the indicator
- Any symbol and timeframe: forex, gold, indices, crypto, stocks
Inputs
- Detection: minimum size in points, minimum size as a fraction of ATR, fill rule (wick / close / 50%), bars to analyse
- Display: open gaps per side, keep filled gaps, filled gaps per side, 50% line, labels, colours
- Higher timeframe: timeframe (Current = off), open gaps per side
- Panel: show, corner, distance, statistics window
- Alerts: new gap, return into a gap, pop-up, push, e-mail
Part of the Trading Capital P family. Free tools: Candle Timer Sessions, Position Size Calculator, Fair Value Gaps, VWAP Bands, Key Levels, Account Dashboard, Volatility Meter and Chart Drawing Toolkit. Paid tools: Trade Manager MT5, Market Structure MT5 and Prop Firm Guardian MT5.
