Free Forex Indicators (MT4), Trend Following Indicators

FTLM STLM Indicator

FTLM STLM Indicator is best known as a trend-based oscillator, able to closely monitor the price action data and accumulate it into effective trend-following trading signals. This indicator can be used for both market entry and exit purposes. In addition, its simplicity of use allows traders to easily master it and apply for regular trading activities.

This indicator is applicable to trade all kinds of forex currency pairs available in the asset list of your forex trading platform. Moreover, it adjusts itself to all sort of timeframe charts and supports both scalping and day trading tasks.

FTLM STLM Indicator Overview

Download and install the indicator on your MT4 terminal. Once you’re done, find your trading chart like the image below:

FTLM STLM Indicator


FTLM STLM Indicator Overview

FTLM STLM Indicator applies both FTLM average and STLM bars for finding the market trends and entry points. For bullish trend confirmation, either FTLM or STLM value should be turned into positive. But for a long entry confirmation, both of the indicator value needs to be turned positive. On the other hand, FTLM value turns negative means a primary confirmation of the bearish trend. For short entry, both FTLM average and STLM bars turn into a negative value. FTLM average can be used for determining the potential trade exit areas. Therefore, you counter the FTLM value turns opposite to your trade entry direction means it’s time to close the trade and exit the market.

FTLM STLM Indicator: Buy Conditions

FTLM STLM Indicator Buy
  • FTLM Average moves above the zero level
  • STLM bars turn into a positive value
  • Buy triggers when the above conditions are met
  • Set stop loss below the recent low of the market
  • Exit long or take profit whenever the FTLM value turns negative

Also Read: XM Review

FTLM STLM Indicator: Sell Conditions

FTLM STLM Indicator Sell
  • FTLM Average moves below the zero level
  • STLM bars turn into a negative value
  • Sell triggers when the above conditions are met
  • Set stop loss above the recent high of the market
  • Exit short or take profit whenever the FTLM value turns positive


I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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