Summary of 📥Used Fair Value Gap (Used FVG-iFVG) indicator for ICT MT4/5 Download - Free [TradingFinder]📥
The video discusses the Fair Value Gap (FVG) and Inverse Fair Value Gap (IFVG) indicators available for download on the Trading Finder website for MetaTrader 4 and 5 platforms. It provides a tutorial on how to install and use these indicators to analyze market prices and make trading decisions based on identified gaps.
Main Financial Strategies and Market Analyses:
- The FVG and IFVG indicators help traders identify price ranges that signify potential market reactions.
- The indicators visually represent these ranges with color-coded boxes (brown for bearish and green for bullish).
- The analysis focuses on price movements in relation to the identified gaps, determining whether they act as support or resistance.
- The algorithm within the indicators tracks the consumption of these ranges, indicating market trends.
Methodology/Step-by-Step Guide:
- Download the Indicator:
- Access the Trading Finder website and download the FVG and IFVG indicator files for MT4/5.
- Install the Indicator:
- Open the MetaTrader platform.
- Select the indicator from the Navigator and drag it onto the chart.
- Allow DLL imports and confirm the settings.
- Analyze Price Movements:
- Customize Indicator Settings:
- Adjust display settings (theme, candle colors).
- Set the number of candles for FVGs and IFGs (default is 1,000).
- Manage visibility settings for FVG and IFG trends, including the closest price validation.
- Monitor Consumption of Ranges:
- Enable or disable options to track how FVG and IFG ranges are consumed.
- Customize the size filter for these ranges to manage visibility based on market conditions.
The tutorial concludes by inviting viewers to share their comments and suggestions regarding the indicator.
Presenters/Sources:
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Category
Business and Finance