THV Unmitigated FVGs MT5
- Индикаторы
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Trong Khanh Phan
About Me:
I am a professional trader and MQL5 developer with years of experience creating automated trading systems and indicators for the global trading community. My focus is on building reliable, efficient, and easy-to-use tools for traders of all levels. - Версия: 1.1
- Обновлено: 19 октября 2026
- Активации: 5
THV Unmitigated FVGs MT5: Identify Fair Value Gaps, Balanced Price Ranges, and Inverse Fair Value Gaps directly on your MT5 chart.
THV Unmitigated FVGs MT5 is a technical indicator designed to help traders identify and visualize important price imbalance zones and potential reaction areas in the market.
It automatically detects Fair Value Gaps (FVGs), highlights Balanced Price Ranges (BPRs), and can display mitigated FVGs as Inverse Fair Value Gaps (iFVGs). With customizable colors, flexible display settings, and notifications, you can adapt the indicator to your trading style and chart layout.
Key Features
1. Fair Value Gaps (FVG)
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Automatically identifies bullish and bearish Fair Value Gaps.
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Uses different colors to distinguish bullish and bearish zones.
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Customize rectangle colors, borders, and fill settings.
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Control the number of historical bars to scan.
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Adjust how far FVG zones extend to the right of the chart.
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Enable or disable regular FVGs independently.
2. Balanced Price Range (BPR)
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Displays potential Balanced Price Range zones formed by overlapping FVGs.
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Customize the number of BPR pairs to display.
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Adjust the historical lookback range.
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Set your preferred BPR colors to make these zones easier to identify.
3. Inverse Fair Value Gaps (iFVG)
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Optionally displays mitigated FVGs as Inverse Fair Value Gaps.
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Uses separate colors for bullish and bearish iFVGs.
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Enable or disable the iFVG feature according to your trading preferences.
4. Previous Day High and Low
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Automatically plots the previous day's high and low.
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Displays the price levels directly on the chart.
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Includes breakout and fakeout reference text to help traders monitor potential price reactions around these levels.
5. Alerts and Notifications
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Receive alerts when a Fair Value Gap is detected.
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Supports popup alerts, push notifications, and sound notifications.
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Helps you monitor potential trading areas without constantly watching every candle.
6. Flexible Chart Customization
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Enable or disable indicator drawing objects.
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Customize colors to suit your chart theme.
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Control historical visibility to keep your chart organized.
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Configure the indicator to display the information most relevant to your analysis.
How Can You Use This Indicator?
THV Unmitigated FVGs MT5 can be used as part of different price-action trading approaches, including:
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FVG trading: Identify potential imbalance zones where price may react.
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BPR analysis: Observe overlapping imbalance zones that may be relevant to price action.
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iFVG analysis: Monitor previously mitigated FVG zones for potential changes in their role.
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Previous Day High/Low: Track important reference levels for breakout and fakeout analysis.
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Multi-timeframe analysis: Apply the indicator to your preferred chart timeframe and combine it with your own trading strategy.
Important Notes
This indicator is a technical analysis tool, not an automatic trading system. It does not guarantee profitable trades or predict future price movements. FVGs, BPRs, iFVGs, and previous-day levels should be evaluated alongside market structure, risk management, and other relevant trading factors.
Conclusion
THV Unmitigated FVGs MT5 brings several useful price-action analysis tools together in one indicator. With automatic zone detection, customizable visual settings, and alert functionality, it helps traders analyze market imbalances and important price levels more efficiently.
Happy trading !
