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Used Fair Value Gap indicator MT5

Modified Fair Value Gap (FVG) Indicator for MT5

The Modified Fair Value Gap (Modified FVG-iFVG) indicator is a sophisticated and efficient tool designed for ICT and Smart Money traders, optimized for the MetaTrader 5 (MT5) platform. This indicator detects and marks market imbalance areas (FVG), highlighting key supply and demand zones. Bullish FVG zones are displayed in green, while bearish FVG zones appear in brown. As the price revisits these levels, the indicator dynamically updates by progressively reducing the size of the marked zones to reflect the consumption of the imbalance. This function assists traders in pinpointing critical market areas and making strategic trade entry or exit decisions. The Modified FVG-iFVG indicator is instrumental in assessing supply and demand strength and spotting potential price reversals within imbalance regions, which are fundamental concepts in ICT and Smart Money trading strategies.

Modified FVG-IFVG Indicator Overview

Category

ICT - Smart Money - Supply and Demand

Platform

MetaTrader 5

Skill Level

Advanced

Indicator Type

Leading - Reversal - Strength

Time Frame

Multi Time Frame

Trading Style

Scalping - Day Trading - Intraday Trading

Trading Markets

Forex – Cryptocurrencies - Indices

FVG Recognition

On a 15-minute USD/CAD chart, the Modified FVG-iFVG indicator highlights bearish FVG zones using orange rectangles. Once the price returns to these zones, the imbalance consumption process initiates. The indicator automatically adjusts the marked areas by progressively narrowing them, offering traders a visual representation of the consumption process. This functionality enables ICT and Smart Money traders to accurately locate entry and exit points, enhancing their utilization of imbalance zones.

iFVG Recognition

On a 1-hour NZD/CAD chart, the Modified FVG-iFVG indicator marks bullish iFVG zones in green, helping traders identify imbalance zones efficiently. Initially, FVG zones are colored brown but later transition to green iFVG zones, signaling critical price areas that could prompt reversals. When the price re-enters these zones, the consumption process is initiated, with the indicator reducing the size of imbalance rectangles, illustrating the consumption progress. This feature allows traders using ICT and Smart Money concepts to track imbalance shifts and price fluctuations more precisely, leading to improved decision-making.

Modified FVG-iFVG Indicator Configuration

Display Settings: Customize display options

  • Chart and object color theme selection

General Settings: Configuration of basic parameters

  • Number of candles to analyze at startup
  • Selection of FVG types from six models: Normal, Very Aggressive, Aggressive, Defensive, Very Defensive, First FVG in the trend, or Furthest FVG
  • Toggle FVG display on/off
  • Enable/disable last FVG display
  • Auto-update last FVG when a new one forms
  • Toggle iFVG display on/off
  • Enable/disable last iFVG display
  • Auto-update last iFVG when a new one forms
  • Invalidation conditions: closing candle, order block size, void mode

Conclusion

The Modified Fair Value Gap (Modified FVG-iFVG) indicator simplifies the identification of FVG and iFVG zones by automatically marking bullish and bearish imbalances with green and brown rectangles. As the price revisits these zones, the indicator dynamically narrows the rectangles, visually demonstrating the consumption of the imbalance. This capability enables ICT and Smart Money traders to effectively track market movements and make more informed trading choices based on evolving market conditions.

 


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Vahidreza Heidar Gholami
5 (6)
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Dieses Dashboard entdeckt und zeigt die   Angebots- und Nachfragezonen   auf dem Chart an, sowohl im Scalping- als auch im Long-Term-Modus, je nach Ihrer Handelsstrategie für die ausgewählten Symbole. Darüber hinaus hilft Ihnen der Scanner-Modus des Dashboards, alle gewünschten Symbole auf einen Blick zu überprüfen und keine geeigneten Positionen zu verpassen /   MT4-Version Kostenloser Indikator:   Basic Supply Demand Merkmale Ermöglicht Ihnen die Anzeige von Handelsmöglichkeiten für   mehrere
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Reza Aghajanpour
5 (4)
Contact me  to send you instruction and add you in group. QM (Quasimodo) Pattern is based on Read The Market(RTM) concepts. The purpose of this model is to face the big players of the market (financial institutions and banks), As you know in financial markets, big traders try to fool small traders, but RTM prevent traders from getting trapped. This style is formed in terms of price candles and presented according to market supply and demand areas and no price oscillator is used in it. RTM conc
Auto Order Block with break of structure based on ICT and Smart Money Concepts (SMC) Futures Break of Structure ( BoS )             Order block ( OB )            Higher time frame Order block / Point of Interest ( POI )    shown on current chart           Fair value Gap ( FVG ) / Imbalance   -  MTF      ( Multi Time Frame )    HH/LL/HL/LH  -  MTF      ( Multi Time Frame )  Choch  MTF      ( Multi Time Frame )  Volume Imbalance     ,  MTF          vIMB Gap’s Power of 3 Equal High / Low’s  
Dark Absolute Trend   is an Indicator for intraday trading. This Indicator is based on   Trend Following  strategy but use also candlestick patterns and Volatility. We can enter in good price with this Indicator, in order to follow the main trend on the current instrument. It is advised to use low spread ECN brokers. This Indicator does   Not repaint   and   N ot lag . Recommended timeframes are M5, M15 and H1. Recommended working pairs: All. I nstallation and  Update Guide   -  Troubleshooting
CONTACT US  after purchase to get the Indicator Manual. Try Now—Limited 50% Discount for First 10 Buyers! Download the  Metatrader 4 Version Due to regulatory restrictions, our service is unavailable in certain countries such as India, Pakistan, and Bangladesh. William Delbert Gann (W.D. Gann) was an exceptional market analyst, whose trading technique was based on a complex blend of mathematics, geometry, astrology, and ancient mathematics which proved to be extremely accurate. A Note from t
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Suleiman Alhawamdah
5 (2)
Wichtiger Hinweis: Das in den Screenshots gezeigte Bild zeigt meine 2 Indikatoren, den „Suleiman Levels“-Indikator und den „RSI Trend V“-Indikator. Ich empfahl, es zusammen mit dem „RSI Trend V1“-Indikator zu verwenden, insbesondere um die farbige Wolke zu bestätigen und abzugleichen sowie für Pfeilsignale, zusätzlich zur Bedeutung des Fibonacci-Indikators und seiner angehängten herausragenden Ebenen : https://www.mql5.com/en/market/product/132080 Der „Suleiman Levels“-Indikator ist ein fortsch
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Sergei Linskii
5 (1)
Gold Trend - dies ist ein guter technischer Indikator für Aktien. Der Algorithmus des Indikators analysiert die Preisbewegung eines Vermögenswerts und spiegelt die Volatilität und mögliche Einstiegszonen wider. Die besten Indikatorsignale: - Für VERKAUFEN = rotes Histogramm + roter SHORT-Zeiger + gelber Signalpfeil in dieselbe Richtung. - Für KAUFEN = blaues Histogramm + blauer LONG-Zeiger + aquafarbener Signalpfeil in dieselbe Richtung. Vorteile des Indikators: 1. Der Indikator erzeugt S
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