FVG MT5 indicator download - Free [TradingFinder] | Forex indicator download - MetaTrader 5 resources

The Fair Value Gap (FVG) indicator is a practical tool for identifying investment opportunities in MetaTrader 5 . The formation of FVG indicates an imbalance between Supply and Demand .

These gaps form when prices start to move significantly. In short, consider three candlesticks; the gap between the first and third candlestick is " FVG ."

This MT5 Smart Money Indicator plots price gaps as dynamic boxes. Green boxes represent bullish FVGs, while red boxes represent bearish FVGs.

Indicator specification table

Indicator overview

The Fair Value Gap (FVG) indicator calculates the imbalance between supply and demand and automatically plots FVG boxes on the chart. Identifying these areas helps determine optimal support and resistance lines for more accurate entry and exit points.

Uptrend Condition

The 1-hour EUR / USD currency pair chart shows how the Fair Value Gap box forms and functions. This uptrend encounters a price correction that hits FVG and resumes the previous trend. Such an area is ideal for entering a long ( buy ) trade.

Downtrend Condition

In the 1-hour GBP / USD currency pair chart, the downtrend encountered a price correction hitting the FVG zone and continuing the previous trend. When price approaches or touches FVGs , it presents an excellent short trade (sell) 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 an accurate tool for identifying entry and exit points and finding optimal support and resistance areas. This practical MT5 ICT indicator is especially suitable for experienced traders with a good understanding of liquidity and supply and demand .