FVG Channel Indicator Download for MT4 – Free | Forex Indicator Download – MetaTrader 4 Resource

The Fair Value Gaps channel indicator, based on the ICT concept and smart money concept, is designed to show average Fair Value Gaps (FVG).

This trading tool identifies key market levels associated with unfilled gaps by drawing dynamic channels.

FVG Channel Indicator Specifications

The following table contains the specifications of the FVG channel indicator.

FVG channel indicators at a glance

The FVG Channel indicator can generate buy and sell signals using arrow markers.

Therefore, if the price exits the lower band, it gives a buy signal green arrow , and conversely, when it exits the upper band, it displays a sell signal red arrow .

Buy Signal

According to the USD/CHF 30-minute chart, this indicator has issued a buy signal, as indicated by the green arrow.

As shown in the figure below, when the price exits the lower band.

Sell ​​Signal

According to the 30-minute chart of AUD/USD, the indicator shows two sell signals, marked with red arrows. According to the chart, after the signal appeared, the price moved completely downward.

Fair Value Gap Channel Indicator Settings

The settings for the FVG channel indicator are as follows:

• Complete FVG Review: Number of Past Candles Used to Identify Unfilled Fair Value Gaps
• Smoothing Length: The length of the channel smoothing period

Conclusion

The FVG Channel indicator plots dynamic channels on the chart based on unfilled fair value gaps.
These channels define the upper and lower limits of the price range through internal levels, setting the stage for identifying potential reversal points. Furthermore, this trading tool provides buy and sell signals at the right time.