Smart Scanners › Fair value gaps
Fair value gap touched
The event people actually watch for. Forming a gap is common; coming back to one that had stayed untouched is the part the literature builds entries on. Touched means price reached the near edge.
What it looks like on a chart
A shaded band over the gap, from the bar that re-entered it.
| Gap size | Gaps | Closed within 24 bars |
|---|---|---|
| 0.00–0.10 | 82,842 | 86.6% |
| 0.10–0.25 | 97,807 | 83.1% |
| 0.25–0.50 | 96,727 | 77.1% |
| 0.50–1.00 | 75,702 | 66.8% |
| 1.00+ | 34,581 | 46.0% |
| Timeframe | Bars of history it reads | Settings | Events, last 30 days |
|---|---|---|---|
| M15 | 1080 | gap >= 1 ATR, tracked 960 bars (240h; ~94% of touches, measured H1) | 481 |
| M30 | 600 | gap >= 1 ATR, tracked 480 bars (240h; ~94% of touches, measured H1) | 252 |
| H1 | 360 | gap >= 1 ATR, tracked 240 bars (240h; ~94% of touches, measured H1) | 115 |
| H4 | 180 | gap >= 1 ATR, tracked 60 bars (240h; ~94% of touches, measured H1) | 41 |
| D1 | 130 | gap >= 1 ATR, tracked 10 bars (240h; ~94% of touches, measured H1) | 5 |
Related scanners
- FVG formed the three-bar event that drew the gap being touched here
- FVG inverted the other thing a revisited gap can do: get closed through rather than merely reached