Summary of ✏️ STH & ITH & LTH ICT Indicator for MT4/5 Download - Free - [TFlab]

The video presents the STH, ITH, and LTH ICT Indicators designed for ICT (Inner Circle Trader) style trading, available for MetaTrader 4 and MetaTrader 5 platforms via the Trading Finder website.

Key Technological Concepts and Features:

Indicator Purpose: Specifically built for ICT style traders to analyze price swings on charts using ICT concepts.
Platforms Supported: MetaTrader 4 and MetaTrader 5.
Installation: Users download the indicator file, apply it to the chart via the Navigator by dragging it onto the chart, and must enable the "Allow DLL Imports" option.
Modes of Operation:
- ST (Short Term Swing): Identifies short-term swings by detecting a swing high formed by one candle on each side with the middle candle representing the highest price.
- IT (Intermediate Term High): Builds on ST swings; identifies intermediate highs where the middle swing is higher than the adjacent swings.
- LTH (Long Term High): Identifies long-term highs by comparing intermediate highs and marking the highest among them.
Visual Labels: The indicator marks these swings with labels (ST, IT, LTH) on the chart for easy identification.
Trading Utility: Helps traders spot profitable trends and breakout points by analyzing swing levels. For example, breaking through multiple LTH levels indicates strong upward momentum and buying pressure, signaling potential entry points for buy trades.
Customization: Users can customize label colors to their preference.

Tutorial and Usage Guide:

Step-by-step instructions on downloading, installing, and enabling the indicator.
Explanation of how each mode works and how to activate them in the settings.
Examples shown for each swing type (ST, IT, LTH) to illustrate their identification on price charts.
Practical application in trading strategies, focusing on trend identification and breakout analysis.

Calls to Action:

Encouragement to share comments and suggestions in the video’s comment section.

Main Speaker/Source:

The tutorial is delivered by a representative or developer associated with TFlab or the Trading Finder website, providing a detailed walkthrough of the indicator’s features and usage.

Notable Quotes

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