Fair Value Gaps Free Fair Value Gap indicator for NinjaTrader 8

Quick info

Platform

NinjaTrader 8 on Windows

Concept

Three-candle Fair Value Gaps on your chart’s own bars, with mitigation tracking and optional inversion FVGs

Designed for

Traders who mark Fair Value Gaps by hand and want them drawn and kept current for them

Best used when

You want every gap on the chart you trade, with gaps price has run through cleared or flipped

Chart

Any instrument and any bar type. Gaps confirm on the bar close

Data

Any NinjaTrader data feed. No Order Flow+ and no Tick Replay

Access

Free download. Enter your email and we’ll send the link

What the Fair Value Gaps indicator does

The indicator finds every three-candle Fair Value Gap on your chart’s bars and draws it as a zone, bullish and bearish.

A bullish gap forms when a candle’s low is above the high from two candles earlier. The gap runs from that high up to the low. A bearish gap is the mirror. The middle candle is the one that moved through. Gaps are confirmed at the bar close, and a gap must be larger than the minimum size, 4 ticks by default, to be drawn.

Each zone starts at the first of the three candles and extends to the latest bar, with a dotted line at its 50% midpoint and an FVG label. It then watches the far side of every gap. When price trades through it, the gap is mitigated and becomes an inversion FVG (iFVG): the same zone, still drawn from its first candle, now acting the other way, in its own color, for 5 bars past the bar that flipped it. Once price trades back through an iFVG, it is removed. With iFVGs switched off, mitigated gaps leave the chart.

Purpose

If Fair Value Gaps are part of how you read the chart, marking them by hand is slow, and the boxes stay on the chart after price has run through them. The indicator draws them for you and keeps them current as price moves.

Why choose it

• Built on your chart’s own bars. Detection uses bar open, high, low and close only, so it runs on any instrument and bar type with no Tick Replay.
• Your choice of mitigation. A gap counts as mitigated on a close beyond its far side, or on any wick through it.
• Inversion FVGs that read as their new role. A mitigated gap stays on the chart in its own color, violet as support and amber as resistance in the default theme, with a light fill and dashed edges, so it never reads as a live gap. It runs 5 bars past the flip and clears once price trades back through it.
• A display cap, not a data cap. It draws the 4 newest gaps and 3 newest iFVGs by default, but keeps the latest 50 per side, so raising the cap shows older gaps without a reload.
• Ten color themes, plus Custom. The same theme names as Volume Profile, Hammer and Delta Profile. One theme colors gaps and iFVGs, picked from the gear on the toolbar.
• Controlled from the chart. Gaps, iFVGs, labels and the display caps all change from one toolbar pill, with no dialogs and no reload.
• Behind your bars. Zones draw behind the price bars, and the indicator pauses when its chart tab is not in view.

How it works

1. Find the gap. On each bar close, the last three candles are checked for a gap in either direction.
2. Filter by size. Gaps of 4 ticks or less are ignored by default. Set the minimum to 0 to keep every gap.
3. Draw it. The zone starts at the first candle, extends to the latest bar, and gets a dotted 50% midpoint and an FVG label.
4. Watch the far side. From the next bar on, each gap is checked against its far edge: the bottom of a bullish gap, the top of a bearish one.
5. Clear or invert. Once a bar closes beyond that edge (or wicks through it, if you choose), the gap is mitigated. It stays as an iFVG in its flipped role for 5 bars, or leaves the chart if iFVGs are off. An iFVG is removed once price trades back through it.

Key capabilities

• Bullish and bearish three-candle Fair Value Gaps, confirmed at the bar close
• Minimum gap size in ticks, from 0 for every gap
• Close-through or wick-through mitigation, judged against the far side of each gap
• Inversion FVGs in their own support and resistance colors, drawn 5 bars past the flip and removed when price trades back through, shown or hidden from the toolbar
• Dotted 50% midpoint line on gaps, and on iFVGs if you want it
• Editable FVG and iFVG labels inside each zone, stepped apart when they would overlap, with one on/off for both
• Separate display caps for gaps and iFVGs, newest first across both sides
• Ten color themes plus Custom, with fill opacity and edge widths you set
• A toolbar pill that works with the FlowForged Master Switch

How to set up the Fair Value Gaps indicator in NinjaTrader 8

1. Add FF Fair Value Gaps from the Indicators window to the chart you trade. Any data feed works; Tick Replay is not required.
2. Under 01. Detection, set Min Gap Size (Ticks) for your market. The default is 4.
3. Under 02. Mitigation, keep CloseThroughFarSide or choose WickThroughFarSide.
4. iFVGs are on by default. Turn off iFVG on the toolbar pill if you want mitigated gaps cleared instead.
5. Click Gaps 4/3 to change how many gaps and iFVGs are drawn, and the gear to pick a color theme.

New to NinjaTrader add-ons? The install guide covers importing, Tick Replay and common fixes.

Fair Value Gaps FAQ

Works well with

Conclusion

The indicator does not tell you which gap to trade. It draws the gaps on the chart you trade and keeps each one current as price moves:

• Every gap above your minimum size, bullish and bearish
• Mitigated gaps cleared, or kept as iFVGs
• The 50% midpoint drawn for you

For gaps graded by the volume behind them, or drawn from higher timeframes, see Refine and HTF FVG in the paid FlowForged tools.

Futures trading involves substantial risk and is not for every investor. Chart examples show past market activity and are not indicative of future results. Fair Value Gaps is an analytical tool, not trading advice.