Market / MetaTrader 5 / Indicators /

FairValueGap

39 USD

Demo downloaded: 4

Published: 27 December 2023

Current version: 1.10

FairValueGap

Name: FairValueGap
Price: 39.00 USD
Author: Kekeletso Mofokeng

Indicators
Kekeletso Mofokeng
Version: 1.10
Updated: 31 December 2023
Activations: 10

The FairValueGap indicator finds market imbalances which suggest that buying and selling are not equal. Fair value gaps are a very useful concept in price action trading, as they provide a trader with information about where a lot of volatility is in the market which makes having the FairValueGap indicator a must

Check out: Break of structure

Features

Has a filter for filtering out FVG zones with less volatility
Multiple currency pairs supported
Very easy to use and very customizable

Inputs

FVG up: Here you choose which colour the long/buy FVG should be
FVG down: Here you choose which colour the short/sell FVG should be
FVG length: Here you choose how long you want the FVG to be visible on the chart
FVG minimum points: Here you choose the minimum points of the FVG
FVG maximum points: Here you choose the maximum points of the FVG

The FVG minimum and maximum points work as filter so the indicator won't show you fair value gaps which are less then the minimum points or greater than the maximum points!!!

Your feedback is much appreciated and please contact me telegram or by mail: kekeletsomfkg@gmail.com

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The indicator simplifies the hustle of trying to find market highs and lows. The indicator uses a method called break of structure - a break of structure is simply the process of forming a higher high on an uptrend without first creating a lower low and a lower low on a downtrend without first developing a higher high in other words a break of structure is a change in price behavior and signals a shift in market momentum. That being said the indicator is the ace card every trader should have.

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Filter:

298

Pavel048 2023.12.31 11:12 #

User didn't leave any comment to the rating

865

Reply from developer Kekeletso Mofokeng 2023.12.31 11:18 #

if you have noticed you are the only one who is complaining...it works perfectly fine

Version 1.10 2023.12.31

Automatically removes the grid for better viewing