Fair Value Gap (FVG) Indicator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The fair value gap (FVG) in trading is a price inefficiency or imbalance that occurs when there is a significant gap between the open, high, low, and close of three consecutive candles. This usually occurs when the range of one candle fails to fully overlap the previous and subsequent candles, leaving a "gap" in the price action.
Traders view this gap as a potential area where price could resume filling the imbalance before continuing in the original direction. This concept is used in various trading strategies to identify potential entry or exit points based on market inefficiencies.
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Attachment download
📎 fvg.mq5 (10.94 KB)
Source: MQL5 #51977
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