The Fair Value Gap (FVG) & Improved Fair Value Gap (IFVG) Indicator in MT4 is a powerful ICT tool in MetaTrader 4, designed to identify key liquidity zones. These gaps typically form after strong price movements, where volatility leaves unfilled areas in the market. Since price tends to return to these gaps, they serve as high-probability trading zones.
The Improved Fair Value Gap (IFVG) works similarly but with an added feature: after a breakout, these zones switch roles—turning resistance into support and vice versa.
You can download it from this link:
https://cdn.tradingfinder.com/file/2...4-by-tflab.zip
You can also access the MetaTrader 5 version of this indicator through this page:
https://www.forexfactory.com/thread/...r-mt5-download
For instructions on how to install:
https://www.forexfactory.com/thread/...-in-metatrader
Key Features of the FVG & IFVG Indicator
This indicator is tailored for advanced traders using Smart Money and ICT concepts. It is available on MetaTrader 4 and works across multiple timeframes, making it suitable for Forex, Cryptocurrency, and Stocks. Whether you're trading trend-following, reversals, or breakout strategies, this tool helps you spot crucial liquidity zones.
Indicator Performance in a Bullish Trend
In the AUD/USD 4-hour chart, a bearish IFVG zone (red) turns green after being broken by an uptrend. This transformation means the resistance zone has now turned into support. As price retraces to this level, it creates a high-probability buy (long) opportunity for traders.
Indicator Performance in a Bearish Trend
In the Polkadot (DOT) 1-hour chart, a bullish IFVG zone (green) turns red after being broken downward. This signals that the support zone has flipped into resistance. When the price returns to this zone and touches it, traders get a short (sell) opportunity in line with the trend.
Customizable Indicator Settings
The FVG & IFVG Indicator allows traders to adjust various settings for a personalized experience:
The Improved Fair Value Gap (IFVG) works similarly but with an added feature: after a breakout, these zones switch roles—turning resistance into support and vice versa.
You can download it from this link:
https://cdn.tradingfinder.com/file/2...4-by-tflab.zip
You can also access the MetaTrader 5 version of this indicator through this page:
https://www.forexfactory.com/thread/...r-mt5-download
For instructions on how to install:
https://www.forexfactory.com/thread/...-in-metatrader
Inserted Video
This indicator is tailored for advanced traders using Smart Money and ICT concepts. It is available on MetaTrader 4 and works across multiple timeframes, making it suitable for Forex, Cryptocurrency, and Stocks. Whether you're trading trend-following, reversals, or breakout strategies, this tool helps you spot crucial liquidity zones.
In the AUD/USD 4-hour chart, a bearish IFVG zone (red) turns green after being broken by an uptrend. This transformation means the resistance zone has now turned into support. As price retraces to this level, it creates a high-probability buy (long) opportunity for traders.
In the Polkadot (DOT) 1-hour chart, a bullish IFVG zone (green) turns red after being broken downward. This signals that the support zone has flipped into resistance. When the price returns to this zone and touches it, traders get a short (sell) opportunity in line with the trend.
The FVG & IFVG Indicator allows traders to adjust various settings for a personalized experience:
- Chart & Object Theme – Customize the visual appearance.
- Candles to Check – Define how many candles are analyzed (default: 1000).
- FVG & IFVG Display – Choose whether to show/hide these liquidity zones.
- Last FVG/IFVG Renewal – Automatically refresh zones as new ones form.
- Invalidation Conditions – Set rules to remove zones based on candle closes or order block sizes.
Conclusion
The FVG & IFVG Indicator automatically detects two of the most important liquidity zones, helping traders identify prime trading opportunities. Since price often returns to these areas to collect pending orders, traders can use this tool to find high-probability entries during pullbacks.
By integrating this liquidity-based strategy, traders can make more precise and informed decisions in their trading journey. ![]()