FVG Instantaneous Mitigation Signals Indicator MT4 Download - Free - [TFlab]

The "FVG Instantaneous Mitigation signals" indicator identifies and highlights those fair value gaps (FVGs) filled quickly, marking them with arrow indicators.

This indicator (in the MetaTrader 4 platform) draws a Trailing Stop toward the trend after identifying the fair value gap on the chart.

Table of FVG Instantaneous Mitigation Signals Indicator Specifications

The key specifications of the "FVG Instantaneous Mitigation signals" indicator are shown in the table below:

Bullish Trend Analysis

The 15-minute Bitcoin (BTC) chart on the MetaTrader 4 platform demonstrates how the FVG Instantaneous Mitigation signals indicator works during a bullish trend.

In an uptrend, the indicator detects the instantaneous filling of an FVG and highlights it with a green arrow. The trailing stop starts exactly at that point and forms with the price.

Bearish Trend Analysis

According to the 1-hour EUR/USD chart, the indicator detects the instantaneous filling of an FVG with the help of a red arrow during a bearish trend.

The trailing stop is created above the price and moves with the price.

Indicator Settings

The options for customizing the indicator settings are as follows:

• Color Theme of Chart and Object: Theme for the Indicator Setting.
• Filter with width: Filter based on the width of the fair value gap;
• Width value: The width of the fair value gap set to 10;
• ATR Multiplier: The Average True Range (ATR) multiplier is set to 3.0.

Conclusion

The FVG Instantaneous Mitigation Signals indicator is designed to identify quickly mitigated fair value gaps (FVGs) and create a Trailing Stop for MetaTrader 4.

TheTrailing Stop moves dynamically with the price and reduces the Stop Loss as the price moves towards the desired profit.