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The Implied Fair Value Gap Indicator is an advanced tool for detecting hidden price gaps on the MetaTrader 5 platform.

This MT5 ICT indicator uses a unique method of drawing two hypothetical lines at the shadow points of 50% adjacent candles, designating the space between these lines as the implied fair value gap . An important note is that if the shadows of adjacent candles completely overlap, no hidden fair value gap will form.

Indicator specification table

Indicators overview

The main difference between "implied FVG" and standard "FVG" lies in how they identify gaps. In a typical FVG , a gap forms when there is no movement between the price of the first and third candles.

However, an FVG is implied when the space between the first and third candle is only occupied by adjacent candles .

Uptrend conditions

According to the Gold/USD 4-hour price chart (XAU/USD) , each time the price returns to the hidden fair value gap and collects the necessary liquidity , it moves towards higher levels.

Price retracements point to these areas that offer suitable entry opportunities.

Downtrend conditions

As shown on the 1 hour price chart of AUD/USD (AUD/USD) , every time the price moves back into the hidden fair value gap and gathers the necessary liquidity, it moves towards lower levels.

Price retracements point towards these areas and provide suitable entry opportunities.

Indicator settings

• Topic : indicator topic.

in conclusion

The Implied FVG indicator in MetaTrader 5 uses a different approach to identifying key price areas compared to the standard FVG.

The key difference is that implied FVG uses a 50% overlap of adjacent candle shadows to identify these areas, whereas standard FVG only considers the gap between adjacent candles.