Fair Value Gap
In this indicator, first, recognize the big leg "Wide Range Body (WRB)" and give the sign ♦.
The condition for Wide Range Body is "the body of the next leg is larger than the previous three legs".
Among the WRBs appearing in ♦, for bars with FairValue Gap, a blue zone is displayed horizontally.
A zone stops when it is completely filled.
It is an excellent indicator that allows easy FVG analysis.
FairValue Gap is also known as:
Hidden Gap
Imbalance
In this article, the name is unified as FairValue Gap and abbreviated as FVG.
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Re: Smart Money Concept (SMC) indicators for MT4
Jedidiah, Mon Jun 26, 2023 2:34 am