Fair Value Gap Intraday Trading Session ICT Indicator MT5 Download - [TFlab] - MetaTrader 5 Resources

The FVG Period Intraday Indicator is designed to identify Fair Value Gaps (FVG) New York, London and Tokyo sessions . The indicator draws horizontal lines of price highs and lows during the specified session and marks the first FVG formed .

By detecting bullish and bearish FVG areas , traders using ICT strategies and other liquidity-based methods can analyze potential price reversals with greater accuracy.

Indicator Table

The table below outlines the features of the Fair Value Gap Intraday Indicator .

Indicators at a glance

The FVG session intraday indicator in MetaTrader 5 highlights the green bullish fair value gap and the red bearish fair value gap . Additionally, if these areas are broken by price , their color automatically fades , alerting traders to their effectiveness or potential failure .

Indicators are in an upward trend

The price chart of the AUD/USD currency pair is shown in a 15-minute uptrend . During the Tokyo session , after forming a bullish FVG , the price moves upward and then backtracks to its first FVG zone to absorb liquidity.

Indicators are in a downward trend

The price chart of the CAD/CHF currency pair is displayed in a 1-minute timeframe . After the bearish FVG is formed , the price retraces to this level to trigger a pending order. Traders entering Sell positions , placing their stops before these areas .

Indicator Settings

The setting part of the Fair Value Gap Intraday Indicator is shown in the figure below:

• Tokyo market time: Tokyo session time
• London market time: London meeting time
• New York market time: New York session
• Width filter: define width range
• Minimum width value: Minimum calculated width
• The difference between the server and GMT: the time difference relative to GMT

Conclusion

The FVG day trading indicator is a powerful tool for MetaTrader 5 , specifically designed for ICT traders and those using liquidity-based strategies .

This indicator accurately identifies and plots fair value gaps (FVG) in the New York, London and Tokyo trading sessions , providing traders with valuable insights.