FABRY FAIR VALUE INDICATOR V1.30
Overview
The FABRY FAIR VALUE INDICATOR V1.30 is an MT4 indicator that focuses on identifying open gaps on price charts. These gaps represent areas of imbalance, and traders can use them to spot potential trade opportunities.
Key Features
- Fair Value Gaps (FVGs): The indicator identifies large candlesticks that are not overlapped by other candlesticks on either side. It then plots horizontal rectangles on the price chart to mark the area of the gap.
- Color-Coded Rectangles:
- Green rectangles indicate potential buy entry signals in an uptrend.
- Red rectangles suggest potential sell entry signals in a downtrend.
- Timeframes: You can use the indicator on any timeframe, from intraday to monthly charts.
- Confirmation: Combine the FVG indicator with other forms of chart analysis (price action, fundamental analysis, and technical analysis) to corroborate signals.
Trading Strategies
- Buy Entry Signal:
- Wait for a green rectangle to form in an uptrend.
- Enter a long trade above the rectangle.
- Set your stop loss at the previous low.
- Look for FVGs near areas of high support or resistance for more accurate trades.
- Sell Entry Signal:
- Wait for a red rectangle to form in a downtrend.
- Enter a short position below the rectangle.
- Set your stop loss at the previous high.
Minimum Deposit and Currency
- Minimum Deposit: The minimum deposit required depends on your broker and trading account type. Always check with your broker for specific details.
- Currency Pair: The FABRY FAIR VALUE INDICATOR V1.30 can be applied to any currency pair. Choose the one that aligns with your trading strategy and risk tolerance.
How to Get Started
- Download FABRY FAIR VALUE INDICATOR V1.30D : Visit MQL5 Software to download the EA.
- Join the Community: For support and updates, join our Telegram channel at MQL5 SOFTWARE.
- Set Up: Follow the installation instructions provided after download to set up the EA on your MetaTrader platform.
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