STL & ITL & LTL indicator download for MetaTrader 4 (ICT) - Free - [TFlab]

The STL, ITL, and LTL Indicator in MetaTrader 4 indicator is a useful tool for traders seeking to identify short-term (STL), medium-term (ITL) and long-term (LTL) price lows .

This indicator is designed based on ICT trading style and helps traders recognize key reversal points in the market .

Indicator Table

Indicators at a glance

This indicator identifies volatile lows in price action, allowing traders to detect price reversal points. These key points occur at levels where prices fluctuate in response to market changes. supply and demand .

By accurately analyzing price lows, from short-term lows ( STL ) to long-term lows ( LTL ), this indicator provides traders with a more comprehensive picture of price trends.

Indicators are in an upward trend

In the uptrending CAD/JPY currency pair, price continues to break out of short-term and medium-term lows before forming long-term lows ( LTL ).

This pattern signals a price reversal, and in order to maintain the trend, price must not break above the newly formed pattern long-term low . Otherwise, the trend may reverse.

After traders confirm the price trend, they can set a stop loss before the price trend. long-term low (LTL) and enter a Buy trade.

Indicators are in a downward trend

In the USD/CHF 5-minute price chart, price formed a long-term low (LTL) and failed to make a new high.

Unable to form a high, the price broke above the recent long-term low and continued its downtrend as the breakout was confirmed.

Indicator Settings

• Color themes for charts and objects: background color for charts;
• Show STL: Show short-term lows;
• Show ITL: Show mid-term low;
• Show LTL: Show 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 between these lows, traders can predict market movements, plan trades according to their strategies, and achieve profits.