Void Hunter Fair Value Gap Indicator MT5

Void Hunter, the fair value gap MT5 indicator that hunts the hole price left behind

When a market moves too fast, it skips prices. Buyers and sellers never meet in that stretch, so the chart is left with a hole. Void Hunter is a non repainting fair value gap MT5 indicator that draws every one of those holes automatically and waits, because price has a habit of coming back to finish what it skipped.

Instead of hunting the move that already happened, you get the return. Void Hunter paints the zone the moment it appears, the zone stays exactly where it appeared, and the arrow shows up only when price comes back and rejects it.

Click the image to enlarge

Real chart, gold on M1. The shaded box is the hole the fast move left open, between 4328.0 and 4328.9. Later price walks back up into it, fails, and closes at 4327, so the arrow prints on that closed candle. With the stop just above the void at 4329, gold dropped around 30 pips to 4324 in the next ten minutes. We read every price off the chart scale, therefore each figure here rounds against us.

What a hole in the chart really is

Take any three candles in a row. If the wick of the first one and the wick of the third one never touch, there is a stretch of price in the middle where nothing traded on the way through. It is the same idea as a classic gap, except it happens inside the session and most traders never notice it.

That stretch matters because the orders waiting there never found anyone to trade with. Therefore, when price drifts back, those orders are still sitting in the queue and the reaction is often immediate. This is the heart of what desks call an imbalance, and it is one of the few footprints that a fast market cannot hide.

Why traders miss these zones

• They see them too late. By the time you notice the hole on the chart, price has already come back and left.
• They mark them by hand. Twenty holes a day on a fast market is a lot of rectangles to draw, so most people give up by lunch.
• They use zones that move. Some tools redraw the box while the candle is alive, which turns a clean idea into a moving target.

Void Hunter fixes all three. The indicator creates each zone on closed candles, the box never changes shape afterwards, and it expires on its own after the number of bars you choose, so your chart stays clean.

How the fair value gap MT5 engine works

First the indicator scans every closed candle and measures the space left between the bar before last and the current one. If that space is wider than the minimum size, a zone appears and the indicator paints it on the chart. You can fix that minimum in points, or leave it on automatic so it follows the average candle of the symbol you are on.

Then the zone waits. While it is alive, the indicator watches for price to come back and touch it. Finally, if a candle dips into the zone and closes back out of it in the original direction, the arrow prints. That closing rule is what separates a real rejection from price simply walking through the hole on its way down.

The indicator then drops every zone it uses, therefore you never get two arrows from the same hole.

How to trade it step by step

1. Attach it and read the chart. The shaded boxes are unfinished business. The dots mark the candle where each one was born.
2. Wait for the return. No return, no trade. A zone that never gets touched is simply information.
3. Take the arrow. Green under the candle for a return from above, red above the candle for a return from below.
4. Stop behind the zone. The far edge of the box is the line that says the idea failed. If price closes through it, the hole is being filled, not defended.
5. Target the last extreme. Most of these moves aim for the high or the low that created the imbalance in the first place.

Markets and timeframes

On gold we run it on M1, because that is where the imbalances appear one after another and the return comes back fast. Fast markets give more zones, quiet markets give fewer but cleaner ones. Also, the wider the hole, the more it tends to matter.

What is inside

• Imbalance zones painted automatically, with an adjustable life span in bars.
• Buy and sell arrows on closed candles only, never repainted.
• Dots on the candle where each zone was born.
• Minimum zone size in points, or automatic sizing per symbol.
• Popup, sound, push and email alerts, each one switchable.
• Premium dark chart theme, applied on attach and restored on remove.

It reads price only, so any broker and any account size works. For a tool that handles the entries without you, see our automated robots, and for the rest of the manual kit, browse our chart tools for traders.

Questions about this fair value gap MT5 tool

Does it repaint? No. Zones appear on closed candles and arrows print on closed candles, so nothing on your chart changes afterwards.

How many zones will I see? That depends on the market and the minimum size. On gold M5 you may get several a day, while on EURUSD H4 you may get a few a week.

Can I use it with my own analysis? Yes, and that is how most traders use it. A zone that lines up with a level you already drew is worth far more than one floating in the middle of nowhere.

Is there a version for the other platform? Yes. This is the MetaTrader 5 build, and Void Hunter for MT4 is the same engine for MetaTrader 4.

Trading involves risk. Signals are information, not advice, so try any new tool on a demo account first and only trade money you can afford to lose.