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FVG Style
Fair Value Gaps are 3-candle imbalances where price moved too fast to trade efficiently. REx marks these zones and tracks how deep price has returned in real time — showing whether each gap is still active and worth watching.
FVG Zones
FVG (Fair Value Gap) is a three-candle imbalance where the wicks of candle 1 and candle 3 don't overlap.
Price moved too fast — the gap represents unfilled orders that price tends to return to.
CE (Consequent Encroachment) is the 50% midpoint of an FVG.
The most common reaction level within the gap. Price often partially fills to the CE before reversing.
| 1. | FVG enables the display of Fair Value Gap zones and allows you to customize their colors for bullish and bearish gaps. |
| 2. | CE Line shows the Consequent Encroachment line — the 50% midpoint of each FVG. The most common reaction level within the gap. |
FVG States
| State | Meaning |
|---|---|
| Untested | Gap hasn't been revisited |
| Tested | Price wicked into the gap |
| Mitigated | Price reached 50% (CE) or 100% — depending on your Mitigation setting |
Mitigation
| 3. | Mitigation sets the threshold at which an FVG is considered mitigated. Both options are wick-based. • 50% — FVG is done when a wick reaches the CE midpoint • 100% — FVG is done when a wick fills the entire gap |
| 4. | Show Mitigation displays the current mitigation state and penetration percentage on each FVG zone in real time. |
| 5. | Hide Inactive removes FVG zones that are no longer active (mitigated or finalized), keeping the chart clean. |
High-Probability FVG
High-Probability FVG is an FVG that forms at the same time as a BOS or MSB.
The structural break and the imbalance occur together — higher conviction than a standalone FVG. These zones are marked with a ★ on the chart.
| 6. | High Probability FVG sets the color used to highlight these zones on the chart, making them visually distinct from standard FVGs. |