The Fair Value Gap (FVG) Channel Indicator MT5, built on ICT concepts and Smart Money principles, is designed to calculate and display the average of unfilled Fair Value Gaps. By plotting a dynamic channel, it highlights critical market zones, enabling traders to identify potential reversal points and generate actionable buy and sell signals.
You can download it from this link:
https://cdn.tradingfinder.com/file/5...5-by-tflab.zip
You can also access the MetaTrader 4 version of this Indicator through this page:
https://www.cryptocraft.com/thread/1...tatrader-4-mt4
For instructions on how to install:
https://www.forexfactory.com/thread/...-in-metatrader
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FVG Channel Indicator Specifications
The indicator is categorized under Smart Money MT5 Indicators, Signal & Forecast MT5 Indicators, and ICT MT5 Indicators. Compatible with MetaTrader 5, it is intended for intermediate traders and functions as a reversal-type indicator. It supports multiple timeframes and trading styles such as swing trading, scalping, and day trading, and can be applied to Forex, Crypto, and Stock markets.
FVG Channel Indicator Features
The FVG Channel Indicator generates buy and sell signals using arrow markers:
You can download it from this link:https://cdn.tradingfinder.com/file/5...5-by-tflab.zip
You can also access the MetaTrader 4 version of this Indicator through this page:https://www.cryptocraft.com/thread/1...tatrader-4-mt4
For instructions on how to install:https://www.forexfactory.com/thread/...-in-metatrader
Inserted Video
Prop Firm DrawDown Protector : Prop Firm Capital Protection Expert MT5 |Forex Money Management: Forex Trade Management Expert MT5 | ICT Concepts Indicator MT5 |Smart Money Concepts Expert MT5 | Smart Money Trap Scanner | Get a free Expert Advisor license via Telegram and WhatsApp
FVG Channel Indicator Specifications
The indicator is categorized under Smart Money MT5 Indicators, Signal & Forecast MT5 Indicators, and ICT MT5 Indicators. Compatible with MetaTrader 5, it is intended for intermediate traders and functions as a reversal-type indicator. It supports multiple timeframes and trading styles such as swing trading, scalping, and day trading, and can be applied to Forex, Crypto, and Stock markets.
FVG Channel Indicator Features
The FVG Channel Indicator generates buy and sell signals using arrow markers:
- Buy Signal: Activated when the price breaks below the lower channel band, indicated by a green arrow.
- Sell Signal: Activated when the price breaks above the upper channel band, indicated by a red arrow.
Example Usage
- On the EUR/JPY 1-hour chart, the indicator issues a buy signal as price exits the lower band.
- On the GBP/USD chart, a sell signal appears when price breaks the upper band, confirming a downward movement.
Indicator Settings
The main adjustable parameters include:
- Unmitigated FVG Lookback: Number of previous candles used to detect unfilled FVGs.
- Smoothing Length: Defines the smoothing period of the channel for more precise plotting.
Conclusion
The FVG Channel Indicator visualizes upper, lower, and internal channel levels, providing traders with clear zones for price reversal analysis. By issuing timely buy and sell signals, it supports trading based on Smart Money concepts and market structure. This indicator is a versatile tool for MetaTrader 5 users trading in Forex, Crypto, and Stock markets.
