📊 FVG and Void indicator for ICT in MT4/5 - Free - [TradingFinder]

The video presents a detailed overview of the FVG (Fair Value Gap) and Void indicator designed specifically for the ICT (Inner Circle Trader) trading methodology, available for MetaTrader 4 and MetaTrader 5 platforms via the TradingFinder website.

Main Financial Strategies and Concepts:

• Fair Value Gap (FVG): A price gap between candlesticks where the first candle’s high/low does not overlap with the third candle’s low/high, creating a potential support or resistance zone.
• FVG Zones: These zones act as significant areas where price is likely to react, either reversing or stalling.
• Bullish and Bearish FVG Zones: Bullish zones are marked in green, bearish zones in brown.
• Zone Validity: An FVG zone remains valid until the price fully consumes the gap and closes within or below it. If price closes inside the zone or only consumes it with a shadow, the zone is invalidated and removed from the chart.

Indicator Features and Functionalities:

• Automatically identifies and draws FVG Zones on the chart.
• Displays the extent of the zone consumed by price.
• Differentiates between bullish and bearish FVG Zones with color coding.
• Allows traders to customize the number of candles reviewed for FVG detection.
• Offers five detection modes for FVG identification:
  • Normal (default)
  • Very Aggressive
  • Aggressive
  • Defensive
  • Very Defensive
  Stricter modes reduce the number of detected zones but increase reliability.
• Enables toggling the display of FVG Zones and the number of recent zones shown.
• Supports display modes for FVG ranges (ascending/descending) with options for normal or void usage.
• Customizable colors for support (bullish) and resistance (bearish) zones.

Methodology / Step-by-step Guide to Use the Indicator:

• Download and install the indicator from TradingFinder for MT4/MT5.
• Load the indicator onto the chart via the Navigator panel.
• Adjust settings under the Inputs tab:
  • Set the number of candles to scan (default 1,000).
  • Choose detection mode based on desired strictness.
  • Enable or disable display of FVG Zones and specify how many recent zones to show.
  • Select display mode for FVG ranges and void mode usage.
  • Customize colors for bullish and bearish zones.
• Observe the chart for automatically drawn FVG Zones and monitor price reactions.
• Use the indicator’s visual cues to identify potential support/resistance and plan trades accordingly.

Market Analysis and Business Trends:

• The indicator facilitates ICT traders in identifying key price reaction zones, improving decision-making based on price structure and gaps.
• It supports a data-driven approach by quantifying how much of the FVG zone price has consumed.
• The availability of multiple detection modes allows traders to tailor the tool to different market conditions and risk preferences.

Presenters / Sources:

• The tutorial is presented by TradingFinder, the developer and distributor of the FVG and Void indicator for ICT trading style.

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This summary encapsulates the indicator’s purpose, functionality, and practical application for ICT traders using MT4/MT5 platforms.