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

The FVG Session Intraday Indicator is a hybrid tool combining trading sessions and Fair Value Gaps (FVGs) among MetaTrader 4 indicators. This indicator displays the highs and lows formed during the New York, London, and Tokyo trading sessions using a horizontal line.

Additionally, it identifies the first Fair Value Gap (FVG) at the opening and closing times of these sessions. Bullish FVGs are displayed in green, while bearish FVGs appear in red, providing traders with a clear visualization of market imbalances.

Indicator Table 

The table below presents the specifications of the FVG Session Intraday Indicator:

Indicator in Uptrend

In the image below, the price chart of the GBP/JPY currency pair in a 15-minute timeframe is displayed. The indicator has identified a bullish Fair Value Gap (FVG) zone during the London trading session, and the price has retraced to this area to absorb liquidity.

After liquidity is collected, traders enter buy (Buy) positions, placing their stop losses ahead of these zones to manage risk effectively.

Indicator in Downtrend

The price chart of the USD/JPY currency pair in a 5-minute timeframe is displayed. After forming a bearish Fair Value Gap (FVG), the price retraces to this zone to trigger orders and absorb liquidity.

After testing this area, the price continues its downward trend, confirming the strength of the bearish momentum.

Indicator Settings

The image below displays the settings section of the FVG Session Intraday Indicator:

• 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
• Difference between server and GMT: The default time difference relative to GMT

Conclusion

The Fair Value Gap (FVG) Sessions Indicator is an efficient technical analysis tool that assists traders in identifying and analyzing key price zones.

This indicator highlights entry and exit points in volatile markets by displaying Fair Value Gaps (FVGs) during the New York, London, and Tokyo trading sessions.

Additionally, the indicator fades out FVG zones once they are broken, allowing traders to evaluate the validity of these levels and adjust their strategies accordingly.