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Simple Fair Value Gaps MT4

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Published: 27 November 2024

Current version: 1.3

Simple Fair Value Gaps MT4

Indicators
Felix Bitum
Felix Bitum
Senior developer at bbt labs

Uganda

2225
4.2 (10)
A Programmer proficient in C++, JS, Python, SQL, Java and mql4/5 and pinescript.
The market is like a rich minefield. Your tools are important in your quest to extract what you want. And I can do the following for you.
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7 products 9 comments
Version: 1.3
Updated: 8 October 2026

Simple Fair Value Gap MT4

Unlock the power of fair value gaps with this simple and precise, easy to use indicator designed to identify and visualize market inefficiencies.

Simple Fair Value Gap is an mt4 indicator which paints the center of a fair value gap candle with a different color.

A Fair Value Gap (FVG) is a three candle formation in which the middle candle does not get completely overlapped by the left and right candle. i.e The difference between the high and low of either left or right candle when they do not overlap is the fair value gap.

The fair value gap signals an imbalance between buyers and sellers, potentially signalling future price correction or momentum opportunities.

The Fair Value Gap is a famous ICT concept

Key Features

Clean Chart: Effortlessly highlights fair value gaps directly on your chart, in a clean way.

Unique Color Coding: Each fair value gap is distinctly colored by a bar inside its candle for immediate recognition. Each FVG color for either bearish or bullish can be adjusted.
Adjustable Alerts: The indicator can set alerts for on candle close once a fair value gap is formed. You can choose the timeframe for which the alert should be sent. You may also turn on/off which ever alert you want. By default, all alerts are set to false.
Toggle on/off: The indicator can be hidden by using custom keyboard shortcuts.

All Time-frames Compatibility: Works across all time-frames.
Non-Repaint: The indicator is non-repainting
No objects: indicator does not draw objects on the chart, keeping your chart clean

Low-Latency Calculations: The indicator uses minimal computational overhead to ensure rapid and smooth performance

Inputs

Set a keyboard shortcut to hide/show the FVG

Input Variable	Explanation
FVG location	choose between FVG within only candle body, within candle, or any FVG
Show FVG by Default	Choose whether the FVG should be shown by default or not
Bearish FVG Color	Choose a color for the bearish FVG
Bullish FVG color	Choose a color for the bullish FVG
Hide/Show FVG Key shortcut	A key board shortcut to hide/show the fvg
Show Alert	Turn this to true, in order to get Alert popup on the terminal
Play Alert Sound	Turn this on for the terminal to play an alert sound
Send Email Notification	Turn this on in-order if you want the terminal tor send you email. you should have figured you email settings in the terminal in-order for this to work, you may google or ask for help on this platform
Send Mobile Notification	Turn this on if you want to receive a push notification on your mobile device. It must have the Meta-trader app installed, and your terminal configured accordingly
Alert timeframe	The time-frame for which the alert should be sent, please note: if set for example to M5, and the terminal is on M1, an alert will only be sent once the M5 time-frame condition is met.

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Screenshot #1 Simple Fair Value Gaps MT4

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Simple Fair Value Gap Unlock the power of fair value gaps with this simple and precise, easy to use indicator designed to identify and visualize market inefficiencies Simple Fair Value Gap is an mt5 indicator which paints the center of a fair value gap candle with a different color. A Fair Value Gap (FVG) is a three candle formation in which the middle candle does not get completely overlapped by the left and right candle. i.e The difference between the high and low of either left or right cand

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Simple Fair Value Gaps MT4

Felix Bitum