First Presented FVG

Identifies the initial Fair Value Gap in each trading session — the key institutional reference point.

Overview

The First Presented FVG implements an ICT-based strategy that identifies the initial Fair Value Gap in each market session. The concept focuses on gaps forming between 9:32–10:00 AM ET (AM session) and 1:32–2:00 PM ET (PM session), as these mark institutional order delivery points.

The indicator detects both bullish and bearish gaps automatically and includes an Opening Range Gap (ORG) overlay spanning from the prior day's 4:14 PM close to the 9:30 AM open, with gradient reference levels at 0%, 25%, 50%, 75%, and 100%.

Settings

General Settings

Only show current day gaps — Toggle (default: on) Resets all gap drawings at 9:30 AM daily. When disabled, preserves historical gaps.

Enable AM gaps — Toggle (default: on) Controls AM session first-presented FVG detection and display.

Enable PM gaps — Toggle (default: on) Controls PM session first-presented FVG detection and display.

Enable ORG — Toggle (default: on) Displays Opening Range Gap and gradient levels.

AM Gaps Settings

Color — Color picker (default: red, 50% transparent) AM gap box fill color.

Label — Toggle (default: on) Displays "First Presented" label on AM gap.

Label Color — Color picker (default: black) AM gap label text color.

Size — Tiny / Small / Normal / Large (default: Small) AM label text size.

Time — Toggle (default: on) Includes formation time (HH:MM) in label.

Date — Toggle (default: on) Includes formation date (M/D) in label.

CE — Toggle (default: on) Draws 50% Consequent Encroachment midline.

CE Color — Color picker (default: black)

CE Style — Solid / Dashed / Dotted (default: Dashed)

PM Gaps Settings

Color — Color picker (default: blue, 50% transparent) PM gap box fill color.

Label — Toggle (default: on) Displays "First Presented" label on PM gap.

Label Color — Color picker (default: black)

Size — Tiny / Small / Normal / Large (default: Small)

Time — Toggle (default: on) Includes formation time in PM label.

Date — Toggle (default: on) Includes formation date in PM label.

CE — Toggle (default: on) Draws 50% CE level on PM gap.

CE Color — Color picker (default: black)

CE Style — Solid / Dashed / Dotted (default: Dashed)

ORG Style Settings

Box — Color picker (default: red) ORG box and associated drawings color.

No fill — Toggle (default: on) Removes ORG box fill, displaying only gradient lines.

Border — Toggle (default: off) Adds visible border to ORG box.

Gradients — Toggle (default: on) Draws horizontal lines at 0%, 25%, 50%, 75%, 100% levels.

Labels — Toggle (default: on) Shows percentage labels beside gradient lines.

Label Color — Color picker (default: red) Gradient level label color.

Each gradient level (0%, 25%, 50%, 75%, 100%) is independently configurable with its own toggle, color picker, line style, and width.

How We Use It

The first-presented FVG serves as our primary session reference. Within the initial 30-minute window following the 9:30 AM open, we wait for the first gap to form — this establishes the session's directional bias.

The ORG provides daily context. When the first-presented AM FVG coincides with an ORG gradient level — especially the 50% midpoint — the confluence strengthens the zone's significance.