Summary of 📥 Implied Fair Value Gap Indicator MT4&5 - Free Download [Trading Finder]

The video presents the ICT Implied Fair Value Gap (FVG) Indicator for MetaTrader 4 and 5 platforms, available for free download on the Trading Finder website. This indicator helps traders identify specific candlestick patterns called implied fair value gaps, which differ from traditional fair value gaps.

Main Financial Strategies and Market Analysis:

• Implied Fair Value Gap Concept:
  • Unlike a traditional Fair Value Gap (FVG), which occurs between the highest price of the first candle and the lowest price of the third candle, the implied Fair Value Gap focuses on the separation between the bodies of the first and third candles, while their wicks overlap.
  • This pattern is identified by comparing the first and third candles in a three-candle sequence.
  • The indicator highlights bullish and bearish implied fair value gaps:
    • Bearish pattern: Gap between bodies of the first and third candle with overlapping wicks.
    • Bullish pattern: Similar gap but with bullish price action.
  • The range of the gap is defined by calculating 50% of the first candle and 50% of the third candle, with the overlap forming the Fair Value Gap zone.

Methodology / How to Use the Indicator:

• Download the indicator file from the Trading Finder website for MT4 or MT5.
• Load the indicator onto the chart by dragging it from the Navigator section.
• Ensure to activate the "Allow DLL Imports" option in the settings before confirming.
• The indicator visually marks implied fair value gaps on the chart.
• Users can adjust the display settings in the indicator’s options:
  • Choose from three display modes: Dark, Light, or Auto.
  • The Light mode applies a light template to the chart.
  • The Dark mode applies a dark template.
  • The Auto mode changes only the candle colors (bullish candles bright green, bearish bright red).
• By default, the indicator uses the Light template.

Business Trend:

• The video emphasizes the growing use of advanced Candlestick Pattern Recognition tools like the implied Fair Value Gap indicator to enhance trading decisions.
• It supports traders in identifying potential price inefficiencies and market imbalances, which can be used for better entry and exit points.

Presenters / Sources:

• The tutorial is provided by Trading Finder, the platform offering the indicator download and support.
• No individual presenter names are mentioned in the subtitles.

Notable Quotes

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Category

Business and Finance

Video