Simple Fair Value Gaps MT4

  • Indicadores
  • Felix Bitum
    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.
    1. Craft new tools
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    6 produtos 9 comentários
  • Versão: 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


You can order a custom indicator or EA from here


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Indicadores
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Indicadores
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Indicadores
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