FVG and Void indicator download for ICT in MT4 - Free | Forex indicator download - MetaTrader 4 resources

The Fair Value Gap and Void (FVG + Void) indicator is an effective tool for ICT-style and SmartMoney-style traders looking to identify and analyze FVGs and price gaps on the Meta Trader 4 (MT4) platform.

This indicator accurately identifies bullish imbalances , showing them as green rectangles and bearish imbalances as brown rectangles on the chart.

When the price returns to these zones and starts consuming existing orders, the indicator automatically displays the percentage of the zone consumed. This helps traders better understand market conditions and make more effective trading decisions.

FVG + invalid indicator table

Indicators at a glance

The Fair Value Gap and Price Void (FVG+Void) indicator is an ideal tool for traders looking to identify Fair Value Gap (FVG) on price charts. With its unique feature, this indicator shows the area at which the consumed portion of the fair value gap area is filled.

This tool helps traders better understand price voids and fair value gap zones , allowing them to effectively implement them in their analysis .

Bullish FVG identification and consumption

In the 30-minute AUD/USD chart, the FVG + Void indicator helps traders identify and show bullish FVG zones in green. In this example, the price moved down to the 0.68025 price level and entered the FVG zone. The indicator shows the consumed area gray when the area is consumed. Additionally, by showing the percentage of the zone that has been consumed, this indicator helps traders analyze market conditions and make more informed trading decisions.

Bearish FVG identification and consumption

In the daily WTI Oil chart, the FVG + Void indicator identifies and displays bearish FVG zones in brown, helping traders visualize key areas of market imbalance. In this example, the price moved up to the 71.0 price level and entered the FVG zone. When an area is consumed, the indicator shows the consumed area gray . Additionally, this indicator also displays the percentage of consumed area, helping traders analyze the market and make accurate decisions.

Indicator Settings

Display Setting

• Color themes for charts and objects: Select a chart theme

Normal Setting

• Candles to check at start time: Select the number of candles to check
• FVG Types: Choose from 6 FVG drawing models: Normal , Very Aggressive , Aggressive , Defensive , Very Defensive , and the farthest or first FVG in the same trend

FVG Setting

• Show FVGs: enable/disable FVG display
• Show invalid FVG: Show invalid FVG
• Display area usage percentage: Display area consumption percentage
• FVG use area color: Set the color of the FVG area used

Invalid setting

• Invalid when the candle closes: The area is invalid when the candle closes
• Invalid for OB size: Invalidate area based on order block size
• Invalid OB size value: Invalidate zone based on order block size value
• Invalid for OB union: Invalidates area based on union of OBs

Conclusion

The Fair Value Gap and Void (FVG + Void) indicator uses specialized algorithms to automatically identify FVG areas and help traders quickly identify these critical areas. This indicator provides a clearer view of imbalanced areas by drawing green rectangles for bullish FVGs and brown rectangles for bearish FVGs . An important feature of this indicator is the ability to display the percentage of consumed areas, allowing traders to make more accurate decisions based on market analysis.