iFVG + Void indicator for MT4 Download - Free - [Trading Finder]

The Improved Fair Value Gap (iFVG + Void) indicator for MetaTrader 4 is an updated and improved version of the fair value gap indicator.

FVGs refer to rapid and irregular price movements. FVGs are considered areas of imbalance between supply and demand, to which the price tends to return.

The "iFVG + Void" indicator combines fair value gap areas and void zones on the price chart for traders. The indicator highlights bullish FVGs with a green box and bearish FVGs with a red box. Whenever an FVG is partially consumed, it automatically changes to gray.

Indicator Specifications Table

iFVG + Void in an Uptrend

According to the price chart of the USD/JPY currency pair on a 1-hour time frame, the indicator first identifies the price imbalance area and then plots a green fair value gap box on the chart.

The price, in the form of a retracement, encounters a bullish FVG, providing an opportunity for entering long positions.

The number shown in the gray FVG section represents the amount of the FVG that has been consumed.

iFVG + Void in a Downtrend

According to the Solana cryptocurrency price chart, the indicator identifies the price imbalance area in a 4-hour time frame and then plots a red fair value gap box on the chart.

The price, in the form of a retracement, encounters a bearish FVG, providing an opportunity for entering short positions. Gray boxes represent consumed FVGs.

Indicator Settings

• Theme: The indicator theme is light
• Candles to check at start time: The number of candles to calculate FVGs equals 1000
• The prefix for FVG objects: FVG object prefix
• FVG types: The FVG box type is set to normal
• Show iFVG: Display all active fair value gaps
• Show invalidated iFVG: Display consumed iFVGs as active
• Show percent of zone usage: Display the percentage of FVG usage as active
• iFVG used area color: The color of consumed fair value gaps is gray
• Invalid with a candle close: FVG is invalidated with a full candle close
• Invalid with OB size: FVG is invalidated when overlapped by an order block
• Invalid with OB size value: The exact size of the order block is set to 10
• Invalid with OBs union: Multiple order blocks connecting to invalidate the FVG is active

Conclusion

The Fair Value Gap (iFVG + Void) indicator for MetaTrader 4 helps traders identify key liquidity points and price gaps.

This indicator is particularly useful in trading strategies like ICT and liquidity-based strategies. Using this indicator, traders can identify high-potential areas for entry, exit, and price reversal opportunities.