Smart FVG Levels Indicator for MT5

Smart FVG Levels Indicator for MT5

Introduction

Smart FVG Levels Indicator is designed to automatically detect and display Fair Value Gaps (FVG) on MetaTrader 5 charts. It provides a structured way to visualize price imbalances and potential reaction zones.

Settings

General Settings

  • Number of candles used for calculations
  • Option to hide overlapping levels

FVG Settings

  • Enable or disable FVG levels
  • Support level color
  • Resistance level color
  • Show level labels
  • Display recent levels (limit number of visible levels, 0 = all)
  • Minimum distance in points from the last closed candle

Functionality

The indicator automatically identifies and marks Fair Value Gaps on the chart.

It allows traders to:

  • Visualize price imbalance zones
  • Monitor potential support and resistance areas
  • Combine FVG levels with other analysis methods
  • Reduce manual chart analysis

Features

  • Automatic FVG detection
  • Customizable level display
  • Support and resistance visualization
  • Optional labels
  • Adjustable filtering parameters
  • Clean chart integration

Compatibility

  • Works on all symbols
  • Works on all timeframes
  • Designed for MetaTrader 5

Conclusion

This indicator provides a structured way to observe Fair Value Gaps and price imbalance zones for analytical purposes.

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