FVG Indicator for MT5 Download - Free [TradingFinder]

The Fair Value Gap (FVG) Indicator is a practical tool for identifying investment opportunities in MetaTrader 5. The formation of FVGs indicates an imbalance between Supply and Demand. These gaps form when the price starts to move sharply.

Simply put, consider three candlesticks; the gap between the first and the third candlestick is the "FVG." This indicator draws price gaps as dynamic boxes. Green boxes represent bullish FVGs, while red boxes represent bearish FVGs.

Indicator Specifications Table

Uptrend Condition

The 1-hour EUR/USD currency pair chart shows how the FVG boxes are formed and function. The uptrend encounters a price correction that touches the FVG and resumes its previous trend. Such an area is ideal for entering a long (buy) trade.

Downtrend Condition

In the 1-hour GBP/USD currency pair chart, the downtrend encounters a price correction that touches the FVG area and continues its previous trend. When the price approaches or touches FVGs, it presents an excellent opportunity to enter short (sell) trades.

Settings

• Theme of display: Change the indicator's background to dark and light modes;
• Candles to consider: The number of candles to consider for calculating FVGs is 1000;
• Objects suffix: Set a suffix for the boxes created by the indicator;
• Mode of calculating FVGs: Choose how FVGs are calculated by the indicator;
• Show FVGs: Enable or disable the display of FVG boxes on the chart;
• Show last FVGs: When enabled, only the last FVGs are displayed.

Conclusion

The Fair Value Gap (FVG) Indicator is a precise tool for identifying entry and exit points and finding optimal support and resistance areas. This practical indicator in Meta Trader 5 is particularly suitable for experienced traders with a good understanding of liquidity and supply and demand.