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- FVG Indicator for MT5 Download - Free [TradingFinder]
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
Category | ICT - Liquidity - Smart Money |
Platform | Meta Trader 5 |
Skill Level | Average |
Indicator Type | Reversal - Continuation |
Timeframe | Multi timeframe |
Trading Style | Day Trading |
Trading Markets | All Markets |
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.
How can the FVG Indicator be used to identify trading opportunities?
This indicator draws areas of price imbalance. Traders can use these areas in their analysis to consider the possibility of prices returning to the FVG zones.
What trading markets is this indicator suitable for?
The Fair Value Gap (FVG) Indicator is effective in all trading markets.