FVG Channel Indicator for MT4 Download – Free – [TradingFinder]

The Fair Value Gap Channel Indicator, developed in accordance with ICT concept and Smart Money concept, is designed to display the average of Fair Value Gaps (FVG).

This trading tool, by drawing a dynamic channel, identifies the key market levels in relation to unfilled gaps.

FVG Channel Indicator Specifications

The table below includes the specifications of the FVG Channel Indicator.

FVG Channel Indicator at a Glance

The FVG Channel Indicator can generate buy and sell signals using arrow markers.

Accordingly, if the price exits the lower band, it issues a buy signal with a green arrow, and in contrast, when exiting the upper band, it shows a sell signal with a red arrow.

Buy Signal

Based on the USD/CHF 30-minute chart, the indicator issued a buy signal, indicated by a green arrow.

As shown in the chart below, the indicator generates the signal when the price exits the lower band.

Sell Signal

According to the AUD/USD 30-minute chart, the indicator displays two sell signals, marked by red arrows. Based on the chart, after the signals appeared, the price moved completely downward.

Fair Value Gap Channel Indicator Settings

The settings of the FVG Channel Indicator are as follows:

• Unmitigated FVG Lookback: Number of past candles for identifying unfilled Fair Value Gaps
• Smoothing Length: Length of the channel smoothing period

Conclusion

The FVG Channel Indicator, based on unfilled Fair Value Gaps, plots dynamic channels on the chart.
These channels define upper and lower price ranges with internal levels, creating conditions for identifying potential reversal points. In addition, this trading tool provides buy and sell signals at appropriate times.