Implied Fair Value Gap Indicator MT4 Download - Free - [Trading Finder]

The Implied Fair Value Gap (Implied FVG) indicator on MetaTrader 4 identifies price gaps that are not visible on the chart.

This indicator considers two hypothetical lines at 50% of the shadows of adjacent candles for each middle candle; the area between these hypothetical lines is termed the hidden fair value gap.

If one of the adjacent shadows completely overlaps the other, a hidden fair value gap does not form.

Indicator Specifications Table

Indicator Performance in an Uptrend

According to the 4-hour price chart of the EUR/USD currency pair, the indicator identifies areas of implied fair value gaps and marks them as purple boxes on the chart.

The image shows that the price becomes bullish after penetrating the "Implied FVG" and consuming liquidity.

Implied FVG Indicator in a Downtrend

According to the 30-minute price chart of the USD/CAD currency pair, the indicator identifies areas of implied fair value gaps and marks them as pink boxes on the chart.

The image shows that the price becomes bearish after penetrating the "Implied FVG" and consuming liquidity.

Indicator Settings

• Theme: Indicator theme.

Conclusion

The areas marked by the Implied Fair Value Gap indicator closely resemble FVGs, with one difference: FVGs represent the gap between two adjacent candles, whereas "Implied FVG" forms from the 50% overlap of the shadows of two adjacent candles.