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Fair Value Gap

Fair Value Gap highlights imbalances where price moved too aggressively to trade smoothly through the area.

Indicator Guide
Price Structure
Chart Overlay
structure
imbalance

What it measures

Fair Value Gap highlights imbalances where price moved too aggressively to trade smoothly through the area.

A fair value gap marks an imbalance left by displacement. It matters most when price returns to the zone and reacts with clear acceptance or rejection.

Visual read

Fair Value Gap is shown as a chart overlay: candles remain the source of truth, while the line or zone frames bias, stretch, or invalidation.

imbalance zone138119100PriceFair value gap zoneDisplacement leaves an imbalance box for possible retest.ImbalanceRetest areaTimeConcept sketch only. CandleOps missions still resolve from real historical candle data.

Formula / construction

Fair Value Gap condition
Bullish gap: high two candles ago < current lowBearish gap: low two candles ago > current high

A fair value gap marks an imbalance left by displacement. It matters most when price returns to the zone and reacts with clear acceptance or rejection.

How to read it in replay

Use it as a context zone. In CandleOps it is most useful when price returns into the gap after a strong displacement move.

Fair Value Gap is a context tool first. Use it to make the market state easier to explain before the trade, then judge the mission by whether that explanation held up after the reveal.

What confirms the read

The best fair value gaps align with trend direction and a clear liquidity sweep or breakout structure.

Confirmation should be visible before the trade starts. If the indicator says one thing and raw candles reject that story, skip the mission or record it as a conflicted setup.

Default parameters in CandleOps

Imbalance zone detection

Replay drill

  1. Open a block of 10 to 20 missions and allow Fair Value Gap to answer only one question: bias, timing, volatility, or participation.
  2. Before clicking Start Mission, write one sentence explaining what Fair Value Gap says and one sentence explaining what raw price must do to confirm it.
  3. Keep virtual risk stable for the whole drill so the review measures decision quality rather than random sizing.
  4. After each mission, grade the Fair Value Gap read as clean, early, late, conflicted, or irrelevant, then compare that grade with the payout and the revealed candles.

Failure modes and risk notes

Not every gap needs to fill, and not every fill deserves a trade.

Because Fair Value Gap sits on the price chart, the common trap is treating a touch, cross, or flip as automatic permission. The safer rule is price first, indicator second, execution last.

The indicator should change the decision process, not decorate it. If it does not affect direction, invalidation, target placement, or the decision to skip, remove it from the active tactical handbook for that drill.

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Fair Value Gap | CandleOps Indicator Guide