Intraday Indicators

Bullish Fair Value Gap indicator

Detects a bullish fair value gap (3-candle gap up) on minute bars. Returns the gap's support price (candle1 high) while the pattern is active; otherwise no value (condition fails). Not a 0/1 flag — ne

Definition

Detects a bullish fair value gap (3-candle gap up) on minute bars. Returns the gap's support price (candle1 high) while the pattern is active; otherwise no value (condition fails). Not a 0/1 flag — never compare to 1 (that is for CrossAbove/CrossBelow).

Parameters

Asset

Output range: price when present

Example condition

text
`BullishFairValueGap(SPY) > 0` (gap present — price levels are positive) or `Price(SPY) <= BullishFairValueGap(SPY)` (price at/into the gap support)

Use in a strategy

Add this indicator to a strategy condition, choose its supported parameters and compare the output with the threshold required by your rule. Preserve the same interval and lookback when comparing backtests.

After saving the condition, inspect its asset, interval, lookback and comparison operator against the parameters above. If no trades occur, check whether the condition ever became true and whether the requested input data exists for that period. A missing input is not a zero-valued signal. An indicator produces an input to a rule. It does not establish future returns, and data availability can differ across assets and periods.