KT Fair Value Gap MT4
- Indicators
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KEENBASE SOFTWARE SOLUTIONS
Keenbase Trading develops professional MetaTrader 4 and MetaTrader 5 indicators and Expert Advisors designed to help traders make more informed trading decisions. - Version: 1.0
- Activations: 10
KT Fair Value Gap (FVG) identifies and highlights zones of temporary price imbalance in the market. These gaps often act as potential areas for price continuation—or in some cases, reversals (also known as inverse FVGs).
Bullish FVG: Displayed as green boxes, these gaps act as support zones where price may resume its upward movement. Once filled, they can also become potential turning points for a reversal.
Bearish FVG: Shown as red boxes, these gaps serve as resistance zones where price may continue its downward move. Similar to bullish gaps, they can also lead to a reversal after the gap is filled.
Features
Clean & Minimal Design: The indicator is built from the ground up to display FVG zones clearly, helping traders stay focused without screen clutter.
Insightful Dashboard: A compact on-screen panel shows the percentage of mitigated and unmitigated Fair Value Gaps at a glance, giving you quick insight into market structure.
Fully Customizable: Adjust everything from FVG threshold levels to the visibility of mitigated and unmitigated gaps. You can also personalize colors and line widths to match your trading style perfectly.
Instant Alerts: Get notified the moment a new Fair Value Gap is detected, so you never miss a potential trading opportunity.
What is a Mitigated FVG
A bullish FVG is considered mitigated when a candle closes below the lower boundary of the FVG zone.
A bearish FVG becomes mitigated when a candle closes above the upper boundary of the FVG zone.
What is an Unmitigated FVG
A bullish FVG remains unmitigated as long as no candle closes below its lower boundary.
A bearish FVG remains unmitigated as long as no candle closes above its upper boundary.
Input Settings
- Bars in History: Defines how many historical bars the indicator will scan to detect and mark fair value gaps on the chart.
- Threshold Percent: Filters out smaller FVGs by setting a minimum size based on a percentage of the instrument’s price. Only gaps larger than this threshold will be displayed.
- Unmitigated Levels: In addition to the main FVG zones, this option displays extended lines from existing unmitigated FVGs—helping you track important price levels over time.
- Mitigated Levels: Displays levels from already mitigated FVG zones. These are generally less significant but may still offer some context during analysis.
- Extend: Sets how many bars the FVG zones should stretch to the right, making it easier to track them across future price action on the chart.
FVG Applications
Ideal for ICT Traders: Fair Value Gaps are a key concept in the ICT (Inner Circle Trader) trading concepts, often used to spot price imbalances and potential reversal zones. If you follow ICT principles, the indicator can quickly highlight the most precise FVGs on your chart within seconds.
Powerful for Mean Reversion Setups: If you trade mean reversion strategies, this indicator can help you identify key trend continuation zones—ideal for timing precise entry points back to the mean.
Strategic Stop Loss & Target Placement: Unmitigated FVG levels can serve as smart reference points for placing stop losses and profit targets with improved precision.
Support for Trend Reversals & Continuations: FVG zones can help you ride longer trends. Once a gap is mitigated and the price closes beyond its upper or lower boundary, it often signals a short-term trend reversal or continuation.
