FVG Channel Indicator for MT5 Download – Free – [TradingFinder]

The Fair Value Gap Channel Indicator, designed according to ICT concept and Smart Money principles, is created to display the average of Fair Value Gaps (FVG). By drawing a dynamic channel, this tool identifies and highlights important areas related to unfilled Fair Value Gaps.

FVG Channel Indicator Specifications

The specifications of the FVG Channel Indicator are presented in the table below:

FVG Channel Indicator at a Glance

The FVG Channel Indicator can generate buy and sell signals through arrow markers. In this way, when the price breaks out of the lower band of the channel, a buy signal is shown with a green arrow, and when the price exits the upper band, a sell signal appears with a red arrow.

Buy Signal

According to the EUR/JPY 1-hour chart, the indicator issued a buy signal, displayed by a green arrow. As illustrated in the chart below, the indicator activates the buy signal when the price exits the lower band of the channel.

Sell Signal

Based on the GBP/USD chart, the indicator shows a sell signal in the marked area with a red arrow. According to the chart below, after this signal appeared, the price moved completely downward.

Fair Value Gap Channel Indicator Settings

The adjustable parameters of the FVG Channel Indicator are as follows:

• Unmitigated FVG Lookback: Number of past candles for identifying unfilled Fair Value Gaps
• Smoothing Length: Length of the channel smoothing period

Conclusion

The FVG Channel Indicator, based on unfilled Fair Value Gaps, plots dynamic channels on the chart.
These channels define upper and lower price levels along with internal levels, providing the necessary conditions for identifying price reversal points. In addition, this tool issues buy and sell signals at appropriate times for analysts.