From TradersList Editors
From TradersList Editors
Identify market inefficiencies by using this customizable MetaTrader indicator to detect price imbalances based on ICT's smart money concept.
Identify market inefficiencies by using this customizable MetaTrader indicator to detect price imbalances based on ICT's smart money concept.
Fair Value Gap Indicator for MetaTrader: ICT Smart Money Price Action Tool
Fair Value Gap Indicator for MetaTrader: ICT Smart Money Price Action Tool

by rajeshnait on MetaTrader

by rajeshnait on MetaTrader
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Fair Value Gap is an Indicator for MetaTrader that detects price imbalances using a pattern consisting of three candles, highlighting strong disagreement between buyers and sellers.
Fair Value Gap is an Indicator for MetaTrader that detects price imbalances using a pattern consisting of three candles, highlighting strong disagreement between buyers and sellers.

Get on MetaTrader
This indicator is available on MetaTrader charting platform. Signing up for a free account and downloading MetaTrader software is required.

Get on MetaTrader
This indicator is available on MetaTrader charting platform. Signing up for a free account and downloading MetaTrader software is required.
🔑
Open Source
Listing has publically available source code that can be audited and modified as needed.
🔑
Open Source
Listing has publically available source code that can be audited and modified as needed.
💸
Free Access
All features of this listing are fully free to use with no pricing tiers. Simply start using.
💸
Free Access
All features of this listing are fully free to use with no pricing tiers. Simply start using.
✅
Robust Theory
Concepts and theories mentioned in listing are based on generally approved and well established notions.
✅
Robust Theory
Concepts and theories mentioned in listing are based on generally approved and well established notions.
🌐
Popular Topic
Concepts and theories mentioned in listing are popular topics in web search
🌐
Popular Topic
Concepts and theories mentioned in listing are popular topics in web search
Published by rajeshnait on MetaTrader
Published by rajeshnait on MetaTrader
How a Fair Value Gap Forms
Look at three candles in a row. If the price moved so fast on the middle candle that a gap was left between the wicks of the first and third candles, that gap is a Fair Value Gap. It means price jumped through an area without much two-way trading happening there.
Why Price Often Comes Back to Fill It
When price skips through a zone, unfilled orders and unfinished business get left behind. The market has a tendency to return to these areas before continuing in the original direction. Traders use FVGs as targets where pullbacks are likely to find support or resistance.
How a Fair Value Gap Forms
Look at three candles in a row. If the price moved so fast on the middle candle that a gap was left between the wicks of the first and third candles, that gap is a Fair Value Gap. It means price jumped through an area without much two-way trading happening there.
Why Price Often Comes Back to Fill It
When price skips through a zone, unfilled orders and unfinished business get left behind. The market has a tendency to return to these areas before continuing in the original direction. Traders use FVGs as targets where pullbacks are likely to find support or resistance.
A Core Tool in Smart Money Trading
Fair Value Gaps are central to ICT and Smart Money Concepts. When an FVG lines up with other signals - like an order block or a liquidity sweep - it becomes a higher-confidence trade zone. Many price action traders build their entire entry logic around these three-candle patterns.
Automatic Detection on Your Chart
This MetaTrader indicator scans for FVGs as they form and highlights them directly on the chart. No need to manually check every three-candle sequence. The visual overlay works on any timeframe, making it practical for both day traders and swing traders to spot fresh imbalances quickly.
A Core Tool in Smart Money Trading
Fair Value Gaps are central to ICT and Smart Money Concepts. When an FVG lines up with other signals - like an order block or a liquidity sweep - it becomes a higher-confidence trade zone. Many price action traders build their entire entry logic around these three-candle patterns.
Automatic Detection on Your Chart
This MetaTrader indicator scans for FVGs as they form and highlights them directly on the chart. No need to manually check every three-candle sequence. The visual overlay works on any timeframe, making it practical for both day traders and swing traders to spot fresh imbalances quickly.
Pinpoint imbalances visually
Pinpoint imbalances visually
A Fair Value Gap forms when price moves so quickly that a gap is left between the wicks of a three-candle sequence. These zones of imbalance often attract price back before continuing in the original direction.
A Fair Value Gap forms when price moves so quickly that a gap is left between the wicks of a three-candle sequence. These zones of imbalance often attract price back before continuing in the original direction.
Simplify Price Action Reading
The indicator scans for FVGs as they form and highlights them directly on the chart. No manual checking of every three-candle sequence required.
Define Potential Price Targets
Markets tend to return to unfilled FVG zones before continuing their move. These gaps serve as natural targets for pullback entries or profit-taking.
Locate Supply and Demand Mismatch
When price skips through a zone, unfilled orders get left behind. FVGs mark where this imbalance occurred and where reactions are likely on a revisit.
Common Questions About Fair Value Gap Trading
Common Questions About Fair Value Gap Trading
Fair Value Gaps mark areas where price moved too fast for normal two-way trading. These questions tackle the identification challenges and strategy concerns traders have when incorporating FVGs into their analysis.
Fair Value Gaps mark areas where price moved too fast for normal two-way trading. These questions tackle the identification challenges and strategy concerns traders have when incorporating FVGs into their analysis.
How do I correctly identify a Fair Value Gap on my chart?
Look at three consecutive candles. The FVG exists when the wick of the first candle does not overlap with the wick of the third candle. The gap between those wicks is the Fair Value Gap. The middle candle should be impulsive and wide-range.
Do all Fair Value Gaps eventually get filled by price?
Not all gaps fill, and those that do may take varying amounts of time. Statistical studies suggest roughly 70% of gaps eventually fill, but some remain open indefinitely. Context matters more than assuming every gap must close.
Should I enter immediately when price returns to a Fair Value Gap?
Waiting for confirmation is safer than entering blindly. Look for rejection wicks, candle closes respecting the zone, or lower timeframe structure shifts. An FVG alone is not a signal but rather a zone where reactions become more likely.
🌐
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Web sentiment
Web sentiment
The mood for the Fair Value Gap tool is cautious. Web users express distrust due to fake reviews, skepticism about performance claims, but appreciate some sellers' honesty.
The mood for the Fair Value Gap tool is cautious. Web users express distrust due to fake reviews, skepticism about performance claims, but appreciate some sellers' honesty.
Source: Online Discussion
Source: Online Discussion
Source: Online Discussion
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✍️
TradersList Reviews (6)
TradersList Reviews (6)
TradersList Community has given this listing five stars, indicating great trust, extraordinary utility value and benefit for traders' toolkit. This listing is among the top ones on TradersList.
TradersList Community has given this listing five stars, indicating great trust, extraordinary utility value and benefit for traders' toolkit. This listing is among the top ones on TradersList.
⭐️
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Source: TradersList Reviews
Source: TradersList Reviews

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