Smart Money Concept: FVG Block Filter

Smart Money Concept: FVG Block Filter (FVG Block Range vs N Range) with Candle Highlighter

Summary:
Smart Money Concept (SMC): An advanced indicator designed to visualize and filter Fair Value Gaps (FVG) blocks based on their size (Range) compared to the preceding N Range candle movement. It also includes a customizable Candle Highlighter function that marks the specific candle responsible for creating the FVG. The indicator allows full color customization for both blocks and the highlighter, and features clean, label-free charts by default.

Key Features:
FVG Block Detection: Automatically identifies and groups sequential FVG imbalances to form consolidated FVG blocks.

FVG Block Filtering (N Range): Filters blocks based on a user-defined rule, comparing the block's size (Range) to the range of the preceding N candles (e.g., requiring the FVG block to be larger than the range of the previous 6 candles).

Customizable Candle Highlighter: Marks the central candle (B) within the FVG structure (A-B-C) to highlight the source of the price imbalance. Highlighter colors are fully adjustable via inputs.

Visualization Control: Labels are turned OFF by default to keep the chart clean but can be easily enabled via the indicator settings.

Full Color Customization: Allows independent customization of Bullish and Bearish FVG Block colors, Block Transparency, and Bullish/Bearish Highlighter colors.

Keywords:
Smart Money Concept, SMC, Fair Value Gap, FVG, Imbalance, Block Filter, Candle Highlighter, Range.