Simple Fair Value Gaps MT4

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  • Felix Bitum
    Felix Bitum
    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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  • Version: 1.1

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.
  • 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

The MT5 Version can be found here


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HTF Candles MT4 is a mt4 indicator which plots the outline of the higher time-frame candles on the lower candle, including any MT5 higher time-frame chosen.   The indicator gives you the option to choose whether or not to view live current HTF candle, with no lag or repainting. Features MT5 Period Candles: This indicator plots any mt5 time-frame candle e.g m3, m5, m12, m15, m20... and so on, on the lower time-frame. Heiken Ashi Options: You have the option to view the HTF Heiken ashi instead of
VISUAL STRATEGY BACKTESTER This is a tool, which allows you to manually backtest your strategy on historical prices, and later shows you the results. If you have a strategy and want to do a quick backtest based on historical prices, without coding, this tool enables you to do so. How it works 1. You have a strategy you want to test. 2. You launch the visual strategy backtester 3. Click add 'New Box' or type the keyboard shortcut for adding a new position box 4. Adjust its stoploss and take pro
HTF Candles is an indicator which plots the outline of the higher time-frame candles on the lower candle. The indicator gives you the option to choose whether or not to view live current HTF candle, with no lag or repainting. Features No objects drawn on chart: The indicator does not plot any lines or rectangle objects on the chart, it simply draws the htf candles. This keeps your chart simple and clean. MTF Selection: The indicator allows you to choose all the different higher time-frames for e
VISUAL STRATEGY BACKTESTER This is a tool, which allows you to manually backtest your strategy on historical prices, and later shows you the results. If you have a strategy and want to do a quick backtest based on historical prices, without coding, this tool enables you to do so. How it works 1. You have a strategy you want to test. 2. You launch the visual strategy backtester 3. Click add 'New Box' or type the keyboard shortcut for adding a new position box 4. Adjust its stoploss and take pro
MovingAverage Cloud Imagine this, you want  to know when all moving averages between 20 to 100 are all moving in one direction. This indicator does that. You enter in the first period of the smallest moving average, and the last period of the highest moving average. If all the moving averages are moving in the same direction, the indicator will plot the colour for that direction, e.g blue, more than half of the moving averages in that range change colour to the opposite direction, a yellow/oran
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