FVG Positioning Average Indicator MT5 Download – Free | Forex Indicator Download – MetaTrader 5 Resources

The Fair Value Gap (FVG) Average Position indicator is based on the Smart Money strategy concept and focuses on average FVG to dynamically highlight key reaction levels on the chart.

These variable areas serve as areas within underlying supply and demand bullish and bearish trends, providing a solid foundation for identifying the best risk-reward trading opportunities.

FVG average positioning indicator specification table

The specifications for the fair value gap positioning average indicator are as follows.

FVG Average Position Indicator Overview

The FVG Average Position indicator automatically detects and displays two types of price areas on the chart:

• Bullish FVG Average: Marked in green, usually indicates a potential support area or bullish reversal area
• Bearish FVG Average: Marked in red as a resistance zone or the beginning of a bearish move

Buy Trades

According to the 1-hour Bitcoin (BTC) chart, the beginning of the green zone (bullish FVG Average) is considered a suitable entry point for long positions.

Additionally, the area below this area is considered a suitable option for setting stop losses and managing risk.

Sell ​​Trades

According to the 4-hour EUR/JPY chart, the beginning of the red zone (bearish FVG Average) is interpreted as a signal to initiate short positions.

Setting of fair value gap average detection index

The image below shows the settings panel for the FVG average positioning indicator:

• FVG Lookback: The number of candles used to calculate the fair value gap area
• ATR Multiplier: Improvement factor based on ATR indicator
• BULLISH_COLOR: Display color of bullish areas
• BEARISH_COLOR: Display color of bearish areas
• BackPeriod: number of past candles used for averaging
• ALERT: Enable alerts
• EMAIL: Send alerts via email
• NOTIFICATION: Send in-platform notifications
• MESSAGE_TIMEOUT: Duration of alert message display
• MESSAGE_SUBJECT: The subject line of the alert message

Conclusion

The FVG Average Position indicator calculates the average fair value gaps and marks specific areas on the chart where price interaction could lead to potential reactions or reversals.

Additionally, levels above or below these areas are the best areas to set take profit or stop loss levels.