Fair Value Gap FVG Sessions ICT Indicator MT4
- Indicateurs
- Eda Kaya
- Version: 1.5
FVG Sessions ICT Indicator for MT4
The FVG Sessions ICT Indicator for MetaTrader 4 is designed to highlight daily Fair Value Gaps (FVG) using key principles from ICT methodology. It visually differentiates bullish and bearish FVG zones by marking bullish gaps in green and bearish gaps in orange. When an FVG zone is invalidated, the indicator automatically dims it, signaling that the price has broken through and reducing its importance.
FVG Indicator Overview
The table below provides a summary of the indicator’s specifications:
Category | ICT – Liquidity – Sessions & Kill Zone |
Platform | MetaTrader 4 |
Skill Level | Advanced |
Indicator Type | Continuation – Reversal |
Time Frame | Daily |
Trading Style | Intraday Trading |
Market | Forex – Cryptocurrency – Stocks – Commodities |
Quick Overview of the Indicator
This indicator automatically plots the daily high and low, along with the initial Fair Value Gap (FVG) detected for the session. These highlighted regions indicate price inefficiencies and frequently act as crucial support and resistance levels. Traders who use ICT strategies often monitor these zones for potential trade entries.
FVG Indicator in an Uptrend
On the USD/CAD chart (30-minute timeframe), once a bullish Fair Value Gap (FVG) appears, the price initiates an upward movement. Later, it pulls back into the FVG zone to accumulate liquidity. After absorbing liquidity from this area, the price resumes its primary bullish trend, leading to a significant rally.
FVG Indicator in a Downtrend
The USD/CHF currency pair on a 15-minute chart illustrates a bearish Fair Value Gap (FVG). The price retraces into this zone to absorb liquidity before continuing downward. Traders often use these levels for short entries, setting stop-loss orders just above the FVG region.
FVG Indicator Settings
The image below displays the settings of the Fair Value Gap Indicator:
- Chart and Object Color Theme: Defines the background and object color scheme.
- Width Filter: A filter to detect specific FVG conditions.
- Minimum Width Value: The minimum width threshold used for filtering valid FVGs.
Conclusion
The FVG Sessions ICT Indicator for MetaTrader 4 is specifically developed to identify and track Fair Value Gaps (FVG) throughout the trading day. It automatically highlights the session’s initial FVG and keeps it visible until the session concludes. According to ICT principles, focusing on the first FVG allows traders to recognize price inefficiencies and pinpoint potential support and resistance areas with greater accuracy.