Free Forex Indicators (MT4), Trend Following Indicators
STLM hist Indicator
By Arun Lama
Published On
STLM hist Indicator is best known as an intraday momentum oscillator. It scales the daily price range and signals for possible changes in market momentum whenever price hits or crosses key market areas. It can be applied to analyze any forex currency pair you like within the financial markets. However, as an intraday indicator, it suits timeframe charts like M5 to H1 of your forex MT4 trading platform.
STLM hist Indicator is a plain & simple momentum oscillator that can be read and understood by traders with any level of market-related experiences. Its simplicity of use offers great advantages for newbie traders.
STLM hist Indicator signals the market momentums by using its colored histogram bars. It also signals for possible trend reversals through its own oscillator scale. In general concepts. The bars turn green when the momentum is bullish and turns red for signaling the bearish momentum of the market.
STLM hist carrying a positive value means the trend is turning into bullish and its time to go for a long entry. For bearish trend confirmation, wait until the STLM value turns negative. Besides its momentum and trend reversal signals, you may also add price action patterns to your strategy for a finer trading result.
STLM hist: Buy Conditions
STLM hist bars turn into a green color
STLM value turns positive
Buy triggers when the above conditions are done
Set stop loss below the recent swing low of the market
Exit long or take profit whenever STLM shows a negative value
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.
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.
