FTLM-STLM_v1

Author: Copyright 2002, Finware.ru Ltd.
FTLM-STLM_v1

This script is a custom technical analysis tool designed to provide traders with visual data on market trends. Rather than using standard moving averages, it employs a sophisticated mathematical approach to filter out "noise" and highlight significant price movements.

Here is a breakdown of the logic used by the script:

Core Mechanism: Weighted Multi-Factor Analysis

The script functions by performing two distinct types of calculations simultaneously. It looks at a large window of historical price data (specifically the last 90 candles) and assigns a unique "weight" or importance level to each individual price point in that window.

  1. The STLM Component (Histogram): This part of the calculation uses a very long memory of price action (spanning over 64 bars). It processes these prices using a complex distribution—some prices are weighted heavily, while others are subtracted. The result is a "Subtractive Difference" (Value 3 minus Value 4). On your chart, this appears as a Histogram, which helps in identifying the underlying momentum and the overall strength of a trend over a broader period.

  2. The FTLM Component (Line): This calculation focuses on a smaller, more immediate window of price action (spanning about 43 bars). Like the first component, it uses specific multipliers for different price points to determine the current "velocity" of the market. The result is displayed as a Line, providing a smoother visualization of how the price is moving in the shorter term.

How it works together

The script provides two different perspectives on the market at once:

  • Short-Term Velocity (The Line): Helps you see the immediate direction and "speed" of the current price movement.
  • Long-Term Momentum (The Histogram): Provides context by showing where the current movement sits relative to a much larger historical trend.

Visual Output

When you view this on your platform, you will see two distinct visual elements in a separate window below your main chart:

  • Blue Line: Represents the FTLM logic, highlighting recent price dynamics.
  • Yellow Histogram: Represents the STLM logic, showing the broader historical momentum.

By observing where these two indicators align or diverge, traders can attempt to identify potential trend shifts, areas of exhaustion, or confirmation of price breakouts.

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FTLM-STLM_v1 
//+------------------------------------------------------------------+ 
//| FTLM_STLM.mq4 
//| 
//+------------------------------------------------------------------+ 
#property copyright "Copyright 2002, Finware.ru Ltd." 
#property link "http://www.finware.ru/" 

#property indicator_separate_window 
#property indicator_buffers 2 
#property indicator_color1 Blue 
#property indicator_color2 Yellow 


//---- buffers 
double FTLMBuffer[]; 
double STLMBuffer[]; 
double value1; 
double value2; 
double value3; 
double value4; 
//+------------------------------------------------------------------+ 
//| Custom indicator initialization function | 
//+------------------------------------------------------------------+ 
int init() 
{ 
string short_name; 
//---- indicator line 
IndicatorBuffers(2); 
SetIndexStyle(0,DRAW_HISTOGRAM); 
SetIndexBuffer(0,STLMBuffer); 
SetIndexStyle(1,DRAW_LINE); 
SetIndexBuffer(1,FTLMBuffer); 
SetIndexDrawBegin(0,90); 
SetIndexDrawBegin(1,43); 
//---- 
return(0); 
} 
//+------------------------------------------------------------------+ 
//| FTLM_STLM | 
//+------------------------------------------------------------------+ 
int start() 
{ 
int i,counted_bars=IndicatorCounted(); 
//---- 
if(Bars<=90) return(0); 
//---- initial zero 
if(counted_bars<43) 
{ 
for(i=1;i<=0;i++) FTLMBuffer[Bars-i]=0.0; 
for(i=1;i<=0;i++) STLMBuffer[Bars-i]=0.0; 
} 
//---- 
i=Bars-43-1; 
if(counted_bars>=43) i=Bars-counted_bars-1; 
while(i>=0) 
{ 
value1 = 
0.4360409450*Close[i+0] 
+0.3658689069*Close[i+1] 
+0.2460452079*Close[i+2] 
+0.1104506886*Close[i+3] 
-0.0054034585*Close[i+4] 
-0.0760367731*Close[i+5] 
-0.0933058722*Close[i+6] 
-0.0670110374*Close[i+7] 
-0.0190795053*Close[i+8] 
+0.0259609206*Close[i+9] 
+0.0502044896*Close[i+10] 
+0.0477818607*Close[i+11] 
+0.0249252327*Close[i+12] 
-0.0047706151*Close[i+13] 
-0.0272432537*Close[i+14] 
-0.0338917071*Close[i+15] 
-0.0244141482*Close[i+16] 
-0.0055774838*Close[i+17] 
+0.0128149838*Close[i+18] 
+0.0226522218*Close[i+19] 
+0.0208778257*Close[i+20] 
+0.0100299086*Close[i+21] 
-0.0036771622*Close[i+22] 
-0.0136744850*Close[i+23] 
-0.0160483392*Close[i+24] 
-0.0108597376*Close[i+25] 
-0.0016060704*Close[i+26] 
+0.0069480557*Close[i+27] 
+0.0110573605*Close[i+28] 
+0.0095711419*Close[i+29] 
+0.0040444064*Close[i+30] 
-0.0023824623*Close[i+31] 
-0.0067093714*Close[i+32] 
-0.0072003400*Close[i+33] 
-0.0047717710*Close[i+34] 
+0.0005541115*Close[i+35] 
+0.0007860160*Close[i+36] 
+0.0130129076*Close[i+37] 
+0.0040364019*Close[i+38]; 

value2 = 
-0.0025097319*Close[i+0] 
+0.0513007762*Close[i+1] 
+0.1142800493*Close[i+2] 
+0.1699342860*Close[i+3] 
+0.2025269304*Close[i+4] 
+0.2025269304*Close[i+5] 
+0.1699342860*Close[i+6] 
+0.1142800493*Close[i+7] 
+0.0513007762*Close[i+8] 
-0.0025097319*Close[i+9] 
-0.0353166244*Close[i+10] 
-0.0433375629*Close[i+11] 
-0.0311244617*Close[i+12] 
-0.0088618137*Close[i+13] 
+0.0120580088*Close[i+14] 
+0.0233183633*Close[i+15] 
+0.0221931304*Close[i+16] 
+0.0115769653*Close[i+17] 
-0.0022157966*Close[i+18] 
-0.0126536111*Close[i+19] 
-0.0157416029*Close[i+20] 
-0.0113395830*Close[i+21] 
-0.0025905610*Close[i+22] 
+0.0059521459*Close[i+23] 
+0.0105212252*Close[i+24] 
+0.0096970755*Close[i+25] 
+0.0046585685*Close[i+26] 
-0.0017079230*Close[i+27] 
-0.0063513565*Close[i+28] 
-0.0074539350*Close[i+29] 
-0.0050439973*Close[i+30] 
-0.0007459678*Close[i+31] 
+0.0032271474*Close[i+32] 
+0.0051357867*Close[i+33] 
+0.0044454862*Close[i+34] 
+0.0018784961*Close[i+35] 
-0.0011065767*Close[i+36] 
-0.0031162862*Close[i+37] 
-0.0033443253*Close[i+38] 
-0.0022163335*Close[i+39] 
+0.0002573669*Close[i+40] 
+0.0003650790*Close[i+41] 
+0.0060440751*Close[i+42] 
+0.0018747783*Close[i+43]; 

value3 = 
0.0982862174*Close[i+0] 
+0.0975682269*Close[i+1] 
+0.0961401078*Close[i+2] 
+0.0940230544*Close[i+3] 
+0.0912437090*Close[i+4] 
+0.0878391006*Close[i+5] 
+0.0838544303*Close[i+6] 
+0.0793406350*Close[i+7] 
+0.0743569346*Close[i+8] 
+0.0689666682*Close[i+9] 
+0.0632381578*Close[i+10] 
+0.0572428925*Close[i+11] 
+0.0510534242*Close[i+12] 
+0.0447468229*Close[i+13] 
+0.0383959950*Close[i+14] 
+0.0320735368*Close[i+15] 
+0.0258537721*Close[i+16] 
+0.0198005183*Close[i+17] 
+0.0139807863*Close[i+18] 
+0.0084512448*Close[i+19] 
+0.0032639979*Close[i+20] 
-0.0015350359*Close[i+21] 
-0.0059060082*Close[i+22] 
-0.0098190256*Close[i+23] 
-0.0132507215*Close[i+24] 
-0.0161875265*Close[i+25] 
-0.0186164872*Close[i+26] 
-0.0205446727*Close[i+27] 
-0.0219739146*Close[i+28] 
-0.0229204861*Close[i+29] 
-0.0234080863*Close[i+30] 
-0.0234566315*Close[i+31] 
-0.0231017777*Close[i+32] 
-0.0223796900*Close[i+33] 
-0.0213300463*Close[i+34] 
-0.0199924534*Close[i+35] 
-0.0184126992*Close[i+36] 
-0.0166377699*Close[i+37] 
-0.0147139428*Close[i+38] 
-0.0126796776*Close[i+39] 
-0.0105938331*Close[i+40] 
-0.0084736770*Close[i+41] 
-0.0063841850*Close[i+42] 
-0.0043466731*Close[i+43] 
-0.0023956944*Close[i+44] 
-0.0005535180*Close[i+45] 
+0.0011421469*Close[i+46] 
+0.0026845693*Close[i+47] 
+0.0040471369*Close[i+48] 
+0.0052380201*Close[i+49] 
+0.0062194591*Close[i+50] 
+0.0070340085*Close[i+51] 
+0.0076266453*Close[i+52] 
+0.0080376628*Close[i+53] 
+0.0083037666*Close[i+54] 
+0.0083694798*Close[i+55] 
+0.0082901022*Close[i+56] 
+0.0080741359*Close[i+57] 
+0.0077543820*Close[i+58] 
+0.0073260526*Close[i+59] 
+0.0068163569*Close[i+60] 
+0.0062325477*Close[i+61] 
+0.0056078229*Close[i+62] 
+0.0049516078*Close[i+63] 
+0.0161380976*Close[i+64]; 

value4 = 
-0.0074151919*Close[i+0] 
-0.0060698985*Close[i+1] 
-0.0044979052*Close[i+2] 
-0.0027054278*Close[i+3] 
-0.0007031702*Close[i+4] 
+0.0014951741*Close[i+5] 
+0.0038713513*Close[i+6] 
+0.0064043271*Close[i+7] 
+0.0090702334*Close[i+8] 
+0.0118431116*Close[i+9] 
+0.0146922652*Close[i+10] 
+0.0175884606*Close[i+11] 
+0.0204976517*Close[i+12] 
+0.0233865835*Close[i+13] 
+0.0262218588*Close[i+14] 
+0.0289681736*Close[i+15] 
+0.0315922931*Close[i+16] 
+0.0340614696*Close[i+17] 
+0.0363444061*Close[i+18] 
+0.0384120882*Close[i+19] 
+0.0402373884*Close[i+20] 
+0.0417969735*Close[i+21] 
+0.0430701377*Close[i+22] 
+0.0440399188*Close[i+23] 
+0.0446941124*Close[i+24] 
+0.0450230100*Close[i+25] 
+0.0450230100*Close[i+26] 
+0.0446941124*Close[i+27] 
+0.0440399188*Close[i+28] 
+0.0430701377*Close[i+29] 
+0.0417969735*Close[i+30] 
+0.0402373884*Close[i+31] 
+0.0384120882*Close[i+32] 
+0.0363444061*Close[i+33] 
+0.0340614696*Close[i+34] 
+0.0315922931*Close[i+35] 
+0.0289681736*Close[i+36] 
+0.0262218588*Close[i+37] 
+0.0233865835*Close[i+38] 
+0.0204976517*Close[i+39] 
+0.0175884606*Close[i+40] 
+0.0146922652*Close[i+41] 
+0.0118431116*Close[i+42] 
+0.0090702334*Close[i+43] 
+0.0064043271*Close[i+44] 
+0.0038713513*Close[i+45] 
+0.0014951741*Close[i+46] 
-0.0007031702*Close[i+47] 
-0.0027054278*Close[i+48] 
-0.0044979052*Close[i+49] 
-0.0060698985*Close[i+50] 
-0.0074151919*Close[i+51] 
-0.0085278517*Close[i+52] 
-0.0094111161*Close[i+53] 
-0.0100658241*Close[i+54] 
-0.0104994302*Close[i+55] 
-0.0107227904*Close[i+56] 
-0.0107450280*Close[i+57] 
-0.0105824763*Close[i+58] 
-0.0102517019*Close[i+59] 
-0.0097708805*Close[i+60] 
-0.0091581551*Close[i+61] 
-0.0084345004*Close[i+62] 
-0.0076214397*Close[i+63] 
-0.0067401718*Close[i+64] 
-0.0058083144*Close[i+65] 
-0.0048528295*Close[i+66] 
-0.0038816271*Close[i+67] 
-0.0029244713*Close[i+68] 
-0.0019911267*Close[i+69] 
-0.0010974211*Close[i+70] 
-0.0002535559*Close[i+71] 
+0.0005231953*Close[i+72] 
+0.0012297491*Close[i+73] 
+0.0018539149*Close[i+74] 
+0.0023994354*Close[i+75] 
+0.0028490136*Close[i+76] 
+0.0032221429*Close[i+77] 
+0.0034936183*Close[i+78] 
+0.0036818974*Close[i+79] 
+0.0038037944*Close[i+80] 
+0.0038338964*Close[i+81] 
+0.0037975350*Close[i+82] 
+0.0036986051*Close[i+83] 
+0.0035521320*Close[i+84] 
+0.0033559226*Close[i+85] 
+0.0031224409*Close[i+86] 
+0.0028550092*Close[i+87] 
+0.0025688349*Close[i+88] 
+0.0022682355*Close[i+89] 
+0.0073925495*Close[i+90]; 

STLMBuffer[i] = value3-value4; 
FTLMBuffer[i] = value1-value2; 

i--; 
} 
return(0); 
} 
//+------------------------------------------------------------------+

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