Imbalance Detector indicator in ICT style for MT 5 Download - Free - [TradingFinder]

The Imbalance Detector indicator on the MetaTrader 5 platform is an efficient tool for identifying three main types of imbalances, including Volume Imbalances (VI), Opening Gaps (OG), and Fair Value Gaps (FVGs).

For easier distinction, the indicator displays bullish green and bearish red zones. The identified imbalances indicate a mismatch between Supply & Demand levels and may serve as potential targets for price reversals.

Indicator Specifications Table

Conditions for an Uptrend

As shown in the 1-hour price chart of Binance Coin (BNB), the price penetrated up to 50% of the bullish FVG during a corrective move, gathering Liquidity, and then resumed a full upward trend. In such scenarios, the points where the price penetrates the FVG can be ideal entry points for buy trades.

Conditions for a Downtrend

As seen in the 15-minute chart of GBP/USD (British Pound against the US Dollar), the price penetrated up to 50% of the bearish FVG during a corrective move, gathering Liquidity, and then resumed a full downward trend. In such conditions, the points where the price penetrates the FVG can serve as suitable entry points for sell trades.

Indicator Settings

• Color Theme: Background theme;
• Show FVG: Display Fair Value Gaps;
• Minimum Filter of FVG: Display a minimum size for Fair Value Gap identification;
• Minimum Size of FVG: Desired amount for identifying a Fair Value Gap of 10;
• Show OGs: Display Opening Gaps;
• Minimum Filter of OG: Display a minimum size for identifying Opening Gaps;
• Minimum Size of OG: Desired amount for identifying Opening Gaps of 10;
• Show VI: Display Volume Imbalances.

Conclusion

The Imbalance Detector is a powerful and integrated tool based on the ICT style and Supply & Demand concepts. This indicator clearly identifies and marks areas that can attract price movement on the chart.