FVG Candle - Auto Threshold + Mitigation

FVG Candle (MTF) is a clean and lightweight Fair Value Gap indicator designed for traders who want a structured and non-repainting view of imbalance zones across timeframes.

This script focuses on clarity, mitigation logic, and multi-timeframe consistency, making it suitable for discretionary trading and market structure analysis.

🔹 Key Features

Detects Bullish and Bearish Fair Value Gaps

Multi-Timeframe (MTF) FVG detection

Automatic volatility-based threshold

Split-box visualization for clearer imbalance structure

Automatic mitigation detection and cleanup

Optional bar-based extension

Built-in alerts for new FVG formation

Non-repainting by default

🔹 What Makes This Script Different

Uses a controlled MTF workflow to avoid unnecessary repainting

Automatically removes mitigated gaps to keep the chart clean

Visual split of FVG zones improves precision when interacting with price

Designed to be lightweight and readable, avoiding chart clutter

🔹 Repainting Notice

By default, this script does NOT repaint.

An optional repainting mode is available for study and visualization purposes only.
When enabled, historical FVGs may adjust as higher timeframe candles complete.

🔹 How to Use

Use FVGs as reaction zones, not direct entry signals

Combine with market structure, liquidity, or volume

Bullish FVGs may act as demand zones

Bearish FVGs may act as supply zones

Mitigated FVGs are automatically removed

🔹 Credits

The Fair Value Gap concept and core detection logic are inspired by
Smart Money Concepts [LuxAlgo].

This script is distributed under the CC BY-NC-SA 4.0 license, with proper attribution.