FVG indicator download for MetaTrader 4 - Free [TradingFinder]

Traders use a variety of tools and trading methods to identify investment opportunities. One of the powerful and practical tools that helps traders on this path is the Fair Value Gap (FVG) indicator in MetaTrader 4 .

A Fair Value Gap (FVG) refers to the gap in the price structure where the market fails to establish a balance between Supply and Demand .

FVG forms when prices fluctuate wildly. Simply put, after three candlesticks are formed, the gap between the first and third candlesticks is called "FVG".

This tool is a MT4 Liquidity Indicator and part of the Smart Money Strategy

Indicator specification table

Indicator Overview

The Fair Value Gap indicator automatically calculates " FVGs " and marks them as boxes on the chart. These gaps , caused by the imbalance of supply and demand , are critical trend reversal points .

By identifying these areas, support and resistance points can be identified, and the trend reversal to the Fair Value Gap is considered a good entry or exit point.

Uptrend Conditions

According to the Binance Coin (BNB) price chart on the 1-hour timeframe, during an uptrend, the price returns to the fair value gap (FVG) area each time it forms, and uptrend resumes.

Every time the trend moves back into these areas, it provides an excellent opportunity to enter a long trade position.

downtrend conditions

The USD / CAD currency pair price chart on the 30-minute time frame shows how this indicator operates in a downtrend. As can be seen from the chart, after the price correction, the trend returned to the FVG formed by the Fair Value Gap indicator and then continued its previous trend. The points where candlesticks meet these areas are good opportunities to enter short trades.

Settings

• Theme of display: Change the indicator’s background to dark and light modes;
• Candles to be considered: The number of candles considered when calculating FVG is 1000;
• Objects suffix: Set the suffix for the box created by the indicator;
• How to calculate FVG: select how to calculate FVG by the indicator;
• Show FVGs: Enable or disable the display of FVG boxes on the chart;
• Show last FVGs: When enabled, only the last FVGs are displayed.

Conclusion

The Fair Value Gap ( FVG ) indicator is a very useful tool for identifying optimal entry and exit points and determining support and resistance .

This MT4 ICT indicator is more suitable for traders who have an in-depth understanding of liquidity and supply & demand . This is a precise tool that automatically identifies and plots market imbalances.