5 Layer Script FVG P3 Identifier Package True vs False

This script is a Fair Value Gap (FVG) identification framework designed to highlight price inefficiencies created by displacement, not to predict reversals or force entries. The script automatically detects and plots true three candle fair value gaps, allowing traders to objectively identify areas where price moved with imbalance and may later seek re-equilibration. Where you will see the FVG will update from a regular fvg to a True FVG.


How it works
-Identifies valid FVGs based on price displacement, not arbitrary candle size

-Plots FVG zones only after they are fully formed and confirmed

-Zones remain on the chart until price interacts with them

-No repainting once an FVG is printed


How to use it

-Use FVGs as areas of interest, not entry signals
-Best applied when price is returning after expansion
-Combine with: Higher-timeframe bias and Midpoint equilibrium levels
-Market structure shifts
-Liquidity sweeps or session timing

Entries should be taken only after confirmation (reaction, rejection, or shift)
This can be a good entry tool.