ICT: Fair Value Gap and opening gaps

These are two indicators that mark price “voids”, zones crossed so quickly they leave an imbalance the market tends, sooner or later, to revisit.

Fair Value Gap (FVG)

An FVG is the void left by three candles in quick succession. Konsole highlights it in particular during the London and New York sessions.

• How to read it: a rectangle marks the gap; when price comes back inside and “fills” it, the gap is mitigated and changes colour.
• Parameters: enable per session (London / NY) and bull/bear/mitigated colours.

Opening gaps (NWOG / NDOG)

These mark the step between one session’s close and the next one’s open:

• NWOG, New Week Opening Gap (from one week to the next).

• NDOG, New Day Opening Gap (from one day to the next).

• How to read it: lines/zones at the open, with an optional midline of the gap.

• Parameters: enable NWOG / NDOG, show the midline, dedicated colours.

These are levels many traders watch as reaction references during the day.