FVG and IFVG Indicators Download for MT4 - Free | Forex Indicators Download - MetaTrader 4 Resources

The Fair Value Gap and Improving Fair Value Gap (FVG and IFVG) indicator in MT4 is an ICT indicator that combines two important liquidity zones . Fair Value Gaps usually form after rapid price movements that the price is unable to fill due to violent movements in certain areas.

Therefore, prices tend to move back into these areas. Inverse Fair Value Gaps (IFVG) form similarly, but these areas change roles (flip) after a breakout.

Indicator specification table

Indicators at a glance

The FVG and IFVG areas are considered price reversal areas, and price returns to these areas can create suitable opportunities to enter trading positions.

By identifying and plotting mentioned zones , this indicator improves the speed and accuracy of chart analysis, eliminating the need for traders to manually examine and plot these zones. FVG zones are key reversal zones in trading strategies such as ICT strategy and Smart Money .

Indicator Performance in Bullish Trends

According to the AUD/USD price chart on the 4-hour time frame, the bearish IFVG area changed from red to green after being broken by the trend. In this case, the role of this area changes from resistance to support, and after the price returns to this area, it creates a suitable entry opportunity to buy a position (long position) .

Indicator Performance in Bearish Trends

As seen in the Polkadot (DOT) price chart on the 1 hour timeframe, the bullish IFVG zone changed from green to red after the bullish IFVG zone was breached. Its role changes from a support zone to a resistance zone. When the price returns to the IFVG zone and touches it, a suitable entry opportunity is created to take a selling position (short position) .

Indicator Settings

• Color themes for charts and objects : Chart and object theme settings;
• Candles checked at start time : number of candles formed in the check area, set to 1000;
• Prefix of FVG object : naming prefix of the object;
• FVG Types : FVG area types;
• Show FVGs : Set display FVGs;
• Show last FVG : Show the last FVG;
• Update the last displayed FVG when it is in the last displayed state : Update the last FVG when displayed
• Show iFVGs : Set display IFVGs;
• Show last iFVG : Show the last IFVG;
• Update the last iFVG when it is on Show Last : Update the last IFVG when shown
• Invalid when the candle closes : The area is invalid when the candle closes;
• Invalid for OB size : Invalid according to order block size;
• OB size value is invalid : Set the size value for "Order Block" invalidation.

Conclusion

The FVG and IFVG indicators automatically plot the two most important price reversal zones to help traders spot opportunities. Price tends to move back into these areas to collect pending orders.

Traders can use this MT4 liquidity indicator to identify suitable entry opportunities during price pullbacks.