Trend LTFN Indicator for MT4 Download – Free – [TradingFinder]

The Trend LTFN Indicator is a tool designed to identify the direction and strength of the trend across different timeframes. By combining two classic tools, the Average Directional Index (ADX) and Parabolic SAR, this indicator analyzes both the trend’s strength and direction.

This trading tool visually displays data from various timeframes on the chart using color codes to represent the overall market condition in real time.

Thus, traders can make more precise decisions about identifying trends and trading opportunities without switching between timeframes.

Trend LTFN Indicator Specifications Table

The specifications of the Trend LTFN Indicator are presented in the table below:

Trend LTFN Indicator at a Glance

The Trend LTFN Indicator appears as a small panel in the upper-left corner of the chart. It uses different colors to represent the trend conditions across various timeframes:

• Green color: Indicates an uptrend
• Red color: Represents a downtrend
• Yellow color: Indicates a ranging (sideways) market

Bullish Trend Conditions

Based on the EUR/NZD hourly chart, the Trend LTFN Indicator confirms an upward market trend by displaying green color.

This situation shows the dominance of buyers over sellers and indicates that the price is moving upward. Moreover, the simultaneous appearance of the green color

across several consecutive timeframes reinforces the continuation of the bullish momentum and increases the probability of long trade opportunities.

Bearish Trend Conditions

According to the 1-hour Bitcoin (BTC) cryptocurrency chart, the red color displayed by the indicator signals the dominance of selling pressure and a gradual decline in price.

When multiple timeframes simultaneously turn red, the market enters a strong bearish structure, increasing the likelihood of further price decreases or short trade setups.

Trend LTFN Indicator Settings

The adjustable parameters of the Trend LTFN Indicator are as follows:

• ADX Period: Number of candles used for ADX calculation
• Applied Price: Type of price base used for calculations
• SAR Step: Increment step size for the Parabolic SAR indicator
• SAR Maximum: Maximum allowable step for the Parabolic SAR
• Up Color: Color representing the uptrend
• Down Color: Color representing the downtrend
• Flat Color: Color representing the neutral or range market
• Text Color: Color of the text displayed in the information panel
• Display Corner: Position of the panel on the chart

Conclusion

The Trend LTFN Indicator is a practical tool for displaying both the direction and strength of a trend across multiple timeframes. 

By merging data, it provides a multi-layered view of the overall market condition and enables simultaneous analysis of several timeframes. 

Additionally, its straightforward settings allow traders to modify calculation periods easily.