Fair Value Gap FGV delivers automated MT5 Fair Value Gap detection with clear signals

This Fair Value Gap FGV Review for 2026 presents a Performance Analysis grounded in chart-level observations and sample live testing. The indicator stands out by converting Smart Money Concepts and ICT methodologies into a visual workflow that highlights inefficiency zones as colored rectangles labeled FVG on MT5. What makes Fair Value Gap FGV unique is its focus on visual clarity and alignment precision; the rectangles match candle structure so traders can assess exact edges for entries and stops. The underlying algorithm scans price action for three-candle gap formations and applies configurable filters for volume, wick size, and timeframe confluence. In practice the tool works best on liquid FX majors and large-cap indices during trending or transitional market conditions where imbalances tend to resolve into retracements. Fair Value Gap FGV includes parameters to filter low-liquidity hours and can be tuned for sensitivity versus noise tolerance. Risk management is left to the user, but the indicator supports clear stop placement at gap boundaries and offers guidance for position sizing based on gap width and timeframe. Expected performance characteristics vary by user rules; in our 12-month sample, setups that combined FVGs with higher timeframe trend alignment showed improved win-rate and better average risk-reward. Jean Charles Vilhena Maia designed the indicator specifically for MT5, and the implementation reflects developer attention to chart performance and usability.