FVG Indicator — Forex gap statistics online

Fair Value Gap (FVG) Tracker: Analyze Price Imbalances and Find High-Probability Trade Setups

What Is a Fair Value Gap (FVG)?

A Fair Value Gap (FVG) is a three-candle price imbalance created when price moves aggressively, leaving inefficient price delivery between the first and third candle.

FVGs typically form during strong directional moves, major economic releases, or sudden shifts in market sentiment. In ICT (Inner Circle Trader) and Smart Money Concepts (SMC) trading, these imbalances are closely watched because price often revisits them before continuing its move.

The TLAP Fair Value Gap Tracker combines TradingView charts with historical statistics, helping traders evaluate how often Fair Value Gaps are mitigated, how long mitigation usually takes, and how price has reacted to similar imbalances in the past.

Dashboard Overview

The TradingView chart displays the original TLAP Fair Value Gap indicator.

Colored rectangles highlight Fair Value Gaps:

• Green — Bullish Fair Value Gaps formed after strong upward displacement.

• Blue — Bearish Fair Value Gaps formed after strong downward displacement.

• Darker shades indicate more significant imbalances.

Below the chart, two statistical tables provide additional insight.

Fair Value Gap Statistics

The left table summarizes historical FVG statistics.

Filter the data by:

• analysis period (4, 8, 12, 24, or 52 weeks);

• market (Forex, Stocks, or Metals).

For each instrument, you'll see:

• trading symbol;

• total number of Fair Value Gaps;

• number of mitigated Fair Value Gaps;

• average mitigation time;

• mitigation rate after 1 hour, 6 hours, 1 day, and 3 days;

• average FVG size (pips where applicable);

• average retracement before mitigation.

Recent Fair Value Gaps

The right table displays the latest Fair Value Gaps.

Filter the list to view:

• all Fair Value Gaps;

• open Fair Value Gaps;

• mitigated Fair Value Gaps.

Each entry includes:

• trading symbol;

• FVG formation time;

• mitigation time;

• upper and lower FVG boundaries;

• FVG size;

• status (Open or Mitigated);

• duration;

• maximum retracement before mitigation.

Understanding Fair Value Gaps

FVGs represent inefficient price delivery. A Fair Value Gap forms when aggressive buying or selling creates displacement, causing price to move too quickly to establish balanced trading.

These imbalances commonly appear after high-impact news, periods of elevated volatility, or strong directional order flow.

Price often revisits Fair Value Gaps. Price frequently returns to an FVG to mitigate the imbalance before continuing the prevailing trend or developing a reversal.

Not every Fair Value Gap is mitigated, so market structure and liquidity should always be considered before entering a trade.

Context is critical. FVGs formed after major macroeconomic events—such as central bank decisions, inflation releases, or employment reports—often remain open longer and become important Areas of Interest (AOIs).

Imbalances created during normal market conditions are typically mitigated more quickly.

Timeframe matters. On higher timeframes, such as H4 and D1, Fair Value Gaps often become significant market structure levels.

On lower timeframes, including M5 and M15, they are commonly used as short-term Areas of Interest where price may rebalance before continuing its move.

Trading Fair Value Gaps

A common workflow looks like this:

• identify a newly formed Fair Value Gap;

• evaluate market structure, liquidity, and the broader macroeconomic context;

• wait for price to revisit the FVG instead of chasing the initial displacement;

• look for confirmation from a Market Structure Shift (MSS), Change of Character (CHOCH), a liquidity sweep, or fresh displacement;

• place the stop-loss beyond the opposite side of the imbalance;

• target the next liquidity pool, key market structure level, or another predefined objective;

• adjust expectations based on the timeframe, as lower-timeframe FVGs often experience deeper retracements before mitigation.

Fair Value Gaps work best when combined with market structure, liquidity analysis, displacement, and disciplined risk management. They should be treated as one component of a trading plan rather than a standalone trading signal.