What is Fair Value Gap Absorption Indicator?
Fair Value Gap Absorption Indicator is an MT4 tool that draws Fair Value Gap (FVG) zones and prints a mitigation percentage inside each zone. Bullish imbalances appear in green, bearish imbalances in red, and the portion already revisited by price can be shown in gray.
Values such as 31.2%, 70.1%, or 91.5% describe how far price has moved through a gap. They are not win rates or probability forecasts. Their purpose is to make the current state of each imbalance easier to read without measuring it manually.
How to use Fair Value Gap Absorption Indicator
When price returns to an FVG, watch whether candles reject the near edge, trade into the gray mitigation area, or cross the entire zone. A zone that also overlaps a prior high, low, or manually drawn level can become a useful area for planning—not an automatic entry signal.
Use the percentage to compare partially filled gaps, then confirm the reaction with price action and the higher-timeframe trend. Historical gaps can remain visible so you can see which older imbalances are still close enough to matter.
Where it helps
Percentage labels show how deeply price has traded into every displayed FVG.
Independent colors make opposing imbalances easy to distinguish.
Older FVGs can stay on the chart for reviewing nearby unfinished zones.
Best Settings & MT4 Parameters for Fair Value Gap Absorption Indicator
- Fair Value Gap Width Filter
- Filters very small gaps; the illustrated default is 0.5.
- Bullish Imbalance
- Sets the bullish zone color, shown as MediumSeaGreen in the example.
- Mitigation
- Controls the color of the already mitigated portion, shown as DimGray.
- Bearish Imbalance
- Sets the bearish zone color, shown as Crimson.
- Display Percentage of Mitigation
- Turns the percentage labels on or off.
- Historical Fair Value Gaps
- Keeps older gaps visible when enabled.
How to Install .ex4 Indicator in MetaTrader 4
- Download the ZIP file and extract it.
- In MT4, select File → Open Data Folder.
- Open MQL4 → Indicators and copy the EX4 or MQ4 file into it.
- If the package includes library files, copy them to MQL4 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT4, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
