ICT Style Imbalance Detection Indicator Download for MT 5 - Free | Forex Indicator Download - MT4/MT5 Resource

This Imbalance Detector indicator on the MetaTrader 5 platform is an effective tool for identifying the three main types of imbalances, including Volume Imbalance (VI) , Open Gap (OG) , and Fair Value Gap (FVG) .

To make it easier to differentiate, the supply and demand indicators show bullish green zones and bearish red zones. An identified imbalance indicates a mismatch between supply and demand levels and may serve as a potential target for price reversal.

Indicator specification table

Uptrend conditions

As shown on the Binance Coin (BNB) 1 hour price chart , price penetrated 50% of FVG bullish liquidity during the correction before resuming a full-blown uptrend. In this case, the point where price penetrates FVG may be the ideal entry point for a buy trade .

Downtrend conditions

As on the GBP/USD 15 minute chart (GBP/USD), the price broke out to 50% bearish FVG as liquidity increased during the correction before resuming a full downtrend. In this case, the point at which price penetrates the FVG can serve as the appropriate entry point for a sell trade .

Indicator settings

• Color theme : background theme;
• Display FVG : Display fair value gap;
• FVG minimum filter : displays the minimum size for fair value gap identification;
• FVG Minimum Size : The amount required to determine the fair value gap10;
• Display OG : display the opening gap;
• Minimum filter for OG : Displays the minimum size to identify opening gaps;
• Minimum size of OG : the amount required to identify the opening gap is 10;
• Display 6 : Display volume imbalance.

in conclusion

The Imbalance Detector is a powerful integrated tool based on ICT style and supply and demand concepts. This indicator clearly identifies and marks areas on the chart that can attract price movements.