Fair Value Gap Sessions Indicator for MT5 Download - Free - [TFlab]

The Fair Value Gap (FVG) Session Indicator is designed to identify fair value gaps (FVG) in the New York, London, and Tokyo sessions.

This indicator marks the price ceilings and floors with horizontal lines in the specified sessions and identifies the first FVG formed.

By detecting FVG zones in bullish and bearish trends, traders in ICT (Inner Circle Trader) and other liquidity-based trading styles can analyze price reversals more precisely.

Indicator Table

Indicator in Uptrend

In the price chart of the AUD/USD currency pair in a 15-minute uptrend, the price moves upwards after forming a bullish FVG in the Tokyo session and returns to the first FVG area to absorb liquidity.

Indicator in Downtrend

The CAD/CHF currency pair chart is displayed in a 1-minute. After forming a bearish FVG, the price returns to this level to trigger pending orders.

Traders enter sell trades, placing their stop-loss orders ahead of these zones.

Indicator Settings

• Color Theme of chart and object: Background color of the chart;
• Tokyo market time: Tokyo market time;
• London market time: London market time;
• New York market time: New York market time;
• Width filter: Range width;
• Minimum width value: Minimum width value for calculating zones, default is 10;
• Difference between server and GMT: The default time difference relative to the GMT server is 7200 seconds.

Conclusion

The FVG Sessions Indicator is a powerful tool on the MetaTrader 5 platform, particularly beneficial for ICT traders and other liquidity-based analysis styles.

This indicator accurately identifies and plots fair value gaps (FVG) in the key trading sessions of New York, London, and Tokyo.