FVG Positioning Average Indicator MT4 Download – Free | Forex Indicator Download – MetaTrader 4 Resource
The design of the Fair Value Gap Positioning Average indicator is based on the following concepts: Smart Money . This indicator plots dynamic areas for bullish and bearish trends based on the average of fair value gaps.
The areas drawn represent key areas of price reaction to create optimal trading positions.
FVG positioning average indicator specification table
The following table outlines the specifications of the FVG Positioning Average indicator:
| Indicator categories: | ICT MT4 Indicators Smart Money MT4 Indicator MT4 indicator levels |
| Platforms: | MetaTrader 4 Indicators |
| Trading Skills: | Intermediate |
| Indicator Types: | Inverse MT4 Indicator |
| Time frame: | Multi Time Frame MT4 Indicators |
| Trading Style: | Day Trading MT4 Indicators Scalper MT4 Indicators Swing Trading MT4 Indicators |
| Trading Tools: | Stock Market MT4 Indicators Cryptocurrency MT4 Indicators Forex MT4 Indicators |
FVG position average indicator overview
The FVG Positioning Average indicator automatically identifies and plots the following areas:
- Bullish FVG Average Areas : These areas are shown in green and represent potential areas of positive price reaction
- Bearish FVG Average Area : Shown in red, indicating a potential negative reaction or downtrend
Buy Trades
According to the ChainLink Cryptocurrency 1 hour timeframe chart, the beginning of the green zone (bullish FVG Average) can be considered an entry point for buy trades.
Additionally, the area below the green zone is suitable for placing stop-loss orders.
Sell Trades
Based on the AUD/USD chart on the 30-minute time frame, the beginning of a bearish FVG moving average (red zone) can be used as an entry point for sell trades.
Additionally, moving back into the red zone provides new sales opportunities.
Fair value gap positioning average indicator setting
FVG positioning average metric settings include the following:
- FVG Lookback : The number of candles used to calculate the fair value gap area
- ATR Multiplier : Amplification factor based on ATR indicator
- BULLISH_COLOR : Displays the color of bullish areas
- BEARISH_COLOR : Displays the color of bearish areas
- BackPeriod : Number of past candles used for averaging
- ALERT : Enable alert
- EMAIL : Send alerts via email
- NOTIFICATION : Send internal notification
- MESSAGE_TIMEOUT : Duration for alert message display
- MESSAGE_SUBJECT : The subject of the alert message
Conclusion
The FVG Position Average indicator is designed for traders looking for statistically and logically defined areas of entry and exit points.
This tool uses Fair Value Gaps to draw areas on an average-based chart, indicating areas where price is most likely to reverse on an interaction.
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