FTLM STLM Histogram Indicator in MT 5 Download–Free–[TFlab]

The FTLM STLM Histogram Indicator MT5 is a dedicated technical analysis tool built for the MetaTrader 5. Its primary function is to identify the end of corrective price movements and highlight the continuation of the prevailing market trend.
Through the integration of a momentum histogram and an oscillator line, this indicator enables traders to interpret market direction more effectively and refine entry timing with greater precision.


You can download it from this link:
https://cdn.tradingfinder.com/file/5...5-by-tflab.zip

You can also access the MetaTrader 4 version of this Indicator through this page:
https://www.cryptocraft.com/thread/1...oad-free-tflab

For instructions on how to install:
https://www.forexfactory.com/thread/...-in-metatrader

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Key Features and Specifications

1. Category: Oscillator and Trading Assistance Tool
2. Indicator Type: Trend-following and Lagging
3. Timeframe: Multi-Timeframe compatibility
4. Trading Styles:
   1. Intraday Trading
   2. Scalping
   3. Day Trading

5. Supported Markets:
   1. Forex
   2. Cryptocurrencies
   3. Stocks
   4. Indices
      
      

Indicator Structure and Signal Logic

The FTLM STLM Histogram Indicator presents momentum dynamics through color-coded histogram bars combined with an oscillator line:

1. Green Histogram and Line: Reflect increasing bullish momentum and upward price pressure
2. Red Histogram and Line: Indicate strengthening bearish momentum and downward pressure

Signal Interpretation

1. A shift from red to green suggests that a bearish correction has ended and a bullish trend is resuming or forming
2. A shift from green to red indicates that a bullish correction has concluded and a bearish trend is continuing

These transitions serve as confirmation signals, allowing traders to trade in alignment with the dominant trend rather than against it.
Trading Applications


Bullish Trend Scenario

During an uptrend, the indicator helps traders detect the completion of pullbacks and continuation of upward momentum:

1. Histogram changes from red to green
2. Oscillator confirms strengthening buying pressure
3. Potential opportunity to enter buy trades in line with the main trend

This method supports more strategic entries following temporary retracements.


Bearish Trend Scenario

In a downtrend, the indicator assists in identifying the end of upward corrections:

1. Histogram shifts from green to red
2. Oscillator confirms increasing selling pressure
3. Traders may consider sell positions aligned with the dominant trend

The magnitude of histogram bars also provides insight into the strength and intensity of the trend.


Indicator Settings

The FTLM STLM Histogram Indicator includes flexible configuration options for improved performance and usability:

1. Count Bars: Determines the number of candles displayed in the histogram
2. Alert System:
   1. Enable or disable visual alerts
   2. Email notifications for signal changes
   3. Mobile push notifications for real-time updates

3. Message Timeout: Controls the interval between alert signals
4. Message Subject: Customizes alert messages for easier identification

These adjustable parameters allow traders to tailor the indicator to their preferred trading style and strategy.


Conclusion

The FTLM STLM Histogram Indicator is a reliable and structured momentum analysis tool within the MetaTrader 5 environment. It provides a clear representation of trend direction and strength while identifying the completion of corrective phases.
By leveraging histogram color changes and oscillator confirmation, traders can enhance trade timing, improve decision-making, and maintain alignment with the primary market trend.