STL & ITL & LTL Indicator for MetaTrader 5 Download - Free - [TFlab]

The STL, ITL, and LTL indicators for MetaTrader 5 are designed to identify Short-Term Lows (STL), Intermediate-Term Lows (ITL), and Long-Term Lows (LTL).

Identifying and observing all these lows is not easily achievable for traders.

This indicator clearly displays lows that significantly impact trend analysis to traders, providing a comprehensive view of price movements.

Indicator Table

Indicator in an Uptrend

The chart below represents the CAD/CHF currency pair in a 1-hour time frame.

After breaking Short-Term Lows (STL) and Intermediate-Term Lows (ITL), the price in a downtrend reached its Long-Term Low (LTL) and then reversed upwards.

Traders can place stop-loss orders below the Long-Term Low (LTL) to enter buy trades.

Indicator in a Downtrend

In the DOGE/USD currency pair chart with a 15-minute time frame, after breaking price lows and reaching the Long-Term Low, the price experienced weak growth and failed to form higher highs.

Consequently, breaking the Long-Term Low extended the downtrend.

Traders can use this indicator to enter SHORT trades and validate their trading strategies.

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

The STL, ITL, and LTL indicators are designed to identify key levels based on market structure analysis in the ICT style.

STL is identified as the Short-Term Low, ITL as the Intermediate-Term Low, and LTL as the Long-Term Low.

These indicators assist traders in identifying trend reversal points and refining their trading strategies.