FVG Fair Value Gap MT5
- Indicatori
- Lee Guan Chuan
- Versione: 1.0
FVG Fair Value Gap is an indicator that plot rectangle for last found fair value gap. There will be a total of 4 fair value gaps. 2 is bullish fair value gaps and 2 is bearish fair value gaps.
Bullish Fair Value Gap
One bullish fair value gap is below the current price which the market might heading to that area to test on it. Another bullish fair value gap is above the current price, which shows previously the market has break down in that area and market might go back to test on it again.
Bearish Fair Value Gap
One bearish fair value gap is above the current price which the market might heading to that area to test on it. Another bearish fair value gap is below the current price, which shows previously the market has break above in that area and market might go back to test on it again.
These are the parameters of the EA.
1) Bullish FVG Color – Rectangle color for bullish FVG
2) Bearish FVG Color - Rectangle color for bearish FVG