The Trend Indicator LTFN for MT4 is a multi-timeframe trend analysis tool that combines the ADX and Parabolic SAR indicators to measure trend direction and strength. It calculates trends from M1 up to the monthly timeframe and displays the results directly on the current chart. This allows forex traders to quickly assess the overall market trend across multiple timeframes and make informed trading decisions.
While it does not provide explicit buy or sell signals, it is highly useful for Trend Confirmation, filtering trades, and integrating with automated trading strategies.
How It Works
- The indicator shows trend information in the top-left corner of the chart.
- Color codes:
- Lime: Bullish trend
- Red: Bearish trend
- Yellow: Flat/neutral trend
- Traders typically confirm trades by looking for alignment across multiple timeframes.
- Example: If the current timeframe plus the 2 lower and 2 higher timeframes all show lime, it indicates a buy bias.
- Conversely, alignment in red indicates a sell bias.
- Since it doesn’t include stop loss or take profit levels, traders should apply risk management and exit strategies based on their own trading plan.
Benefits and Features
✔ Multi-timeframe trend strength indicator
✔ Combines ADX and Parabolic SAR for accurate trend assessment
✔ Color-coded display for quick interpretation (bullish, bearish, flat)
✔ Works independent of the chart timeframe
✔ Helps confirm trades and filter signals in automated systems
✔ Suitable for scalpers, intraday, and higher timeframe traders
Trading Strategy
- Observe the trend color across multiple timeframes.
- Enter a trade when trend alignment occurs across several timeframes.
- Bullish trend: Enter buy trades when multiple timeframes show lime
- Bearish trend: Enter sell trades when multiple timeframes show red
- Set stop loss and take profit based on your risk-reward ratio or technical support/resistance levels.
- Avoid trading during flat/neutral conditions (yellow) to reduce false signals.
Conclusion
The Trend indicator LTFN for MT4 is a multi-timeframe trend analysis tool ideal for traders who want to assess trend strength and alignment across chart timeframes. It is especially useful for higher timeframe trading strategies and as a filter for automated trading systems, helping traders make more informed and consistent trading decisions.
