Value Gaps Indicator

How To Use The Fair Value Gaps Indicator For MT4
The Fair Value Gaps indicator does not give clear trade entry signals, but you can use the information on the Fair Value Gaps to enter trades. Wait for a rectangle to form in an uptrend for the buy entry signal. This rectangle is green in color. Enter a long trade on top of this rectangle. Place your stop loss on the previous low.For the sell signal, wait for a red rectangle to form in a downtrend. Enter a short position below this rectangle. Place your stop loss on the previous high.You can use this indicator to identify FVGs in any timeframe. Using the indicator on multiple timeframes will increase your chances of success. You should also use other forms of chart analysis to corroborate this indicator’s signals. You might incorporate price action, fundamental analysis, and technical analysis. Looking for FVGs that form in areas of high support or resistance will greatly increase your chances of entering an accurate trade. FVGs that are large represent a greater imbalance between supply and demand. You would be in a better position entering trades near large gaps. Using the indicator will benefit you in several ways:

The indicator can help you identify areas of imbalance and inefficiency in the market.
The indicator can help you develop trading strategies, such as mean-reversion and breakout.
You can use the indicator on all timeframes, from intraday to monthly charts.
Conclusion
The Fair Value Gaps Indicator for MT4 is a good tool in your trading arsenal. The indicator draws colored rectangles on the chart to represent Fair Value Gaps. You can use these gaps to make trade entry decisions, as I have illustrated above.