FVG and Void indicator download for ICT in MT5 - Free | Forex indicator download - MetaTrader 5 resources

The Fair Value Gap and Void (FVG + Void) indicator is designed for ICT style and Smart Money (SMC) traders and uses advanced algorithms to automatically identify and display imbalance areas and FVG on the price chart.

This indicator was developed for the Meta Trader 5 (MT5) platform and displays bullish FVG in green and bearish FVG in brown, helping traders quickly identify these key areas.

When the price returns to these areas, the indicator shows the consumed portion of the area. The gray area represents the portion consumed and the exact quantity is shown as a percentage within the FVG area, providing valuable information for better trade management and decision-making.

MT5’s FVG + short indicator table

Indicators at a glance

The Fair Value Gap Price Gap (FVG+Gap) indicator has the unique feature of highlighting areas with Fair Value Gap (FVG) by drawing a box on the chart.

Additionally, when these gaps are filled, the indicator displays the consumed portion to help traders better analyze the price gap status and make more accurate trading decisions.

Bullish FVG identification and consumption in MT5

The FVG + Void indicator helps traders identify bullish FVG zones by displaying them in green on a bullish trend . In the chart example 0.84485 price level, when the price returns to the price level, orders start to be consumed in the FVG zone.

The gray on the chart represents this consumption process, and the consumption is displayed in the FVG area of ​​the chart in percentage form. This allows traders to better analyze imbalanced areas and assess their potential.

Recognition and consumption of bearish FVG in MT5

A sharp decline in the 15-minute EUR/USD chart creates price gap imbalances . The FVG + Void indicator identifies these zones and draws bearish FVG zones in brown.

As price retraces upward towards these areas, order consumption begins and the indicator shows the portion of gray consumed while also showing the percentage consumed within the area. This visual aid can help traders take advantage of these imbalanced areas in their trading decisions.

MT5 FVG + short indicator settings

Display Setting: Customized display settings

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

Normal Setting:

• Candles to check at start time: Set 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 the display of FVGs.
• Show invalid FVG: Show invalid FVG.
• Display area usage percentage: Display the area consumption percentage.
• FVG usage area color: Set the color of the consumed FVG area.

Invalid Setting:

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

Conclusion

The Fair Value Gap and Void (FVG + Void) indicator is crucial for ICT and smart currency traders looking to identify FVG areas in the financial markets. The indicator uses an advanced algorithm to draw green rectangles for bullish FVG and brown rectangles for bearish FVG on the chart. When price enters these areas, the order consumption process begins.

This indicator displays the consumed portion in gray as well as the remaining percentage within the zone, helping traders make better trading decisions based on the potential of these zones.