Fair Value Gap - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
The fair value gap is used in ICT's smart money concept where there is an imbalance of 1 point or more between the high of the first candle and the low of the third candle (bullish) and the low of the first candle and the high of the third candle (bearish)
You can customize the color of FVG from the indicator settings
Attachment download
📎 fair_value_gap.mq5 (4.01 KB)
Source: MQL5 #48116
Fair Value Gap - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Fair Value Gap - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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