Fair Value Gap Sessions Indicator for MT4 Download - Free - [TFlab]

The Fair Value Gap (FVG) Sessions Indicator is a combined tool that integrates trading sessions and FVGs into the MetaTrader 4 platform.

This indicator displays the highs and lows formed during the New York, London, and Tokyo trading sessions with a horizontal line; it also identifies the first Fair Value Gap (FVG) upon the opening and closing of these sessions.

Upward FVGs are shown in green, and downward FVGs are displayed in red for traders.

Indicator Table

Indicator in Uptrend

In the chart below, the price chart of the GBP/JPY currency pair in a 15-minute time frame is displayed.

The indicator identifies an upward FVG zone during the London trading session, and the price returns to this area to capture liquidity.

After collecting liquidity, traders enter buying trades with stop losses placed ahead of these zones.

Indicator in Downtrend

The price chart of the USD/JPY currency pair in a 5-minute time frame is displayed.

After forming a downward FVG, the price returns to this zone to trigger orders and gather liquidity, and after testing this area, it continues its downward trend.

Indicator Settings

• Color Theme of chart and object: Background color of the chart;
• Tokyo market time: Tokyo market time;
• London market time: London market time;
• New York market time: New York market time;
• Width filter: Range width;
• Minimum width value: Minimum width value for zone calculation, default is 10;
• Difference between server and GMT: The default time difference relative to GMT server is 7200 seconds.

Conclusion

The Fair Value Gap (FVG) Sessions Indicator is an efficient technical analysis tool that helps traders identify and analyze key price zones.

This indicator can highlight entry and exit points in volatile markets by displaying fair value gaps in the New York, London, and Tokyo sessions.

Additionally, fading out FVG zones, once broken, enables traders to assess the validity of these levels.