STL & ITL & LTL Indicator for MetaTrader 4 Download - Free - [TFlab]

The STL, ITL, and LTL Indicator for MetaTrader 4 is a practical tool for traders aiming to identify short-term lows (STL), mid-term lows (ITL), and long-term lows (LTL).

Designed based on the ICT (Inner Circle Trader) style, this indicator helps traders recognize key market reversal points.

Indicator Table

Indicator in an Uptrend

In the uptrend of the CAD/JPY currency pair, the price consistently breaks its short-term and mid-term lows before forming a long-term low (LTL).

This pattern indicates a price reversal, and to sustain this trend, the price must not break the newly formed long-term low. Otherwise, there is a potential for trend reversal.

Traders, upon confirming the price trend, can place their stop-loss before the long-term low (LTL) and enter a Buy trade.

Indicator in a Downtrend

In the USD/CHF 5-minute price chart, the price, after forming a long-term low (LTL), fails to create a new high.

Following this inability to form a high, the price breaks its recent long-term low, and with confirmation of the break, continues its downtrend.

Indicator Settings

• Color Theme of Chart and Object: Background color of the chart;
• Show STL: Displays short-term lows;
• Show ITL: Displays mid-term lows;
• Show LTL: Displays long-term lows.

Conclusion

Traders use STL, ITL, and LTL to identify key support and resistance levels, potential reversal points, and trend confirmations.

By understanding the hierarchy and relationships among these lows, traders can predict market movements, plan trades based on their strategies, and achieve profitability.