FVG and Void indicator for ICT and Smart Money for Meta Trader 4 Download - Free - [Trading Finder]

The Fair Value Gap and Void (FVG + Void) indicator is an efficient tool for ICT and Smart Money traders looking to identify and analyze FVGs and price gaps on the Meta Trader 4 (MT4) platform. This indicator accurately identifies bullish imbalances, displaying them as green rectangles and bearish imbalances as brown rectangles on the chart. When the price returns to these zones and begins to consume the existing orders, the indicator automatically displays the percentage of the zone that has been consumed. This helps traders better understand the market conditions and make more effective trading decisions.

FVG + Void Indicator Table

Bullish FVG Identification and Consumption

In the 30-minute AUD/USD chart, the FVG + Void indicator helps traders identify and display bullish FVG zones in green. In this example, the price moves downward toward the 0.68025 price level and enters the FVG zone. The indicator displays the consumed area in gray as the zone is consumed. Additionally, by showing the percentage of the zone that has been consumed, this indicator helps traders analyze the market conditions and make more informed trading decisions.

Bearish FVG Identification and Consumption

In the daily WTI Oil chart, the FVG + Void indicator identifies and displays bearish FVG zones in brown, helping traders visualize the key market imbalance zones. In this example, the price moves upward toward the 71.0 price level and enters the FVG zone. As the zone is consumed, the indicator shows the consumed area in gray. Additionally, the indicator displays the percentage of the consumed area, aiding traders in analyzing the market and making precise decisions.

Indicator Settings

Display Setting: Choose display settings

• The color theme of the chart and object: Choose a chart theme.

Normal Setting:

• Candles to check at start time: Select the number of candles to check.
• FVG Types: Choose from 6 FVG drawing models: Normal, Very Aggressive, Aggressive, Defensive, Very Defensive, and The furthest or first FVG in the same trend.

FVG Setting:

• Show FVGs: Enable/turn off the FVG display;
• Show invalidated FVGs: Display invalidated FVGs;
• Show percent of zone usage: Show percentage of zone consumption;
• FVG Used Area color: Set the color for the used FVG area.

Invalid setting:

• Invalid with candle close: Invalidate the zone upon candle close;
• Invalid with OB size: Invalidate the zone based on the order block size;
• Invalid with OB size value: Invalidate the zone based on the order block size value;
• Invalid with OBs' union: Invalidate the zone based on the union of OBs.

Conclusion

The Fair Value Gap and Void (FVG + Void) indicator uses a specialized algorithm to identify FVG zones automatically and helps traders quickly recognize these key areas. This indicator provides a clearer view of imbalance zones by drawing green rectangles for bullish FVGs and brown rectangles for bearish FVGs. A vital feature of this indicator is its ability to display the percentage of the zone that has been consumed, allowing traders to make more accurate decisions based on market analysis.