Imbalance Detection Indicator in ICT for MT4 Download - Free - [TradingFinder]

The Market Imbalance Detector in MetaTrader 4 can identify Volume Imbalance (VI), Opening Gaps (OG), and Fair Value Gaps (FVG).

This indicator displays bullish imbalances in green and bearish imbalances in red. Price imbalance represents a mismatch between supply and demand levels, indicating potential price targets.

Indicator Specifications Table

Imbalance Detector in an Uptrend

According to the 1-hour price chart of Gold (XAU/USD), the indicator first draws a Fair Value Gap (FVG) as a green box. The middle line of the box represents 50% of the "FVG" imbalance area.

When the price returns to this level, it provides a favorable condition for entering buy (Long) trades.

Imbalance Detector in a Downtrend

Similar to the uptrend, in the 5-minute price chart of EUR/USD, the gap between two non-adjacent candles is marked with a red box. The chart shows that the price has returned to 50% of the bearish "FVG" and then resumed the downtrend.

Indicator Settings

• Color Theme: Background theme;
• Show FVG: Display Fair Value Gaps;
• Minimum Filter of FVG: Minimum size filter for detecting Fair Value Gaps;
• Minimum Size of FVG: The desired value for identifying Fair Value Gaps is set to 10;
• Show OGs: Display Opening Gaps;
• Minimum Size of OG: Desired amount for identifying fair value gap is 10;
• Minimum Filter of OG: Minimum size filter for identifying Opening Gaps;
• Show VI: Display Volume Imbalances.

Conclusion

The Market Imbalance Detector in MetaTrader 4 is used in price action-based trading styles, such as ICT and Supply and Demand. This indicator highlights opening gaps, Fair Value Gaps (FVG), and volume imbalances to indicate entry and exit opportunities for traders. It can also be applied in various financial markets, including forex and stocks.