FVG Indicator for Meta Trader 4 Download - Free [TradingFinder]

Traders use various tools and trading styles to identify investment opportunities. One of the powerful and practical tools that assist traders in this path is the Fair Value Gap (FVG) indicator in MetaTrader 4.

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

FVGs form when a sharp price movement occurs. Simply put, after the formation of three candlesticks, the gap between the first and the third candlestick is called the "FVG."

Indicator Specifications Table

Uptrend Conditions

According to the Binance Coin (BNB) price chart on the 1-hour timeframe, in an uptrend condition, the price returns to the Fair Value Gap (FVG) area each time it forms, and the uptrend resumes.

Each time the trend returns to these areas, it presents an excellent opportunity to enter a long trade position.

Downtrend Conditions

The USD/CAD currency pair price chart in the 30-minute timeframe shows how this indicator works in a downtrend. According to the image, after a price correction, the trend returns to the FVG formed by the Fair Value Gap indicator and then continues its previous trend. The points where the 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 consider: The number of candles to consider for calculating FVGs is 1000;
• Objects suffix: Set a suffix for the boxes created by the indicator;
• Mode of calculating FVGs: Choose how FVGs are calculated 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 highly practical tool for identifying optimal entry and exit points and determining support and resistance.

This indicator is more suitable for traders with a deep understanding of liquidity and supply & demand. It is a precise tool that automatically identifies and draws market imbalance points.