Instantaneous Trend Line Levels Indicator MT5
Platform: MT5 Type: Trend Last update: June 14, 2025The Instantaneous Trend Line Levels Indicator for MT5 displays a colorful cloud as core element. Actually there are several variations of this gauge and each one has some distinct differences. This one in particual uses self-adjusting levels for signals filtering.
Other versions often rely on the ITL slope for calculations, but in the result they generate way too many signals and a lot of noise. This version aims to deliver more accurate trading suggestions while also minimizing the number of false alarms and fakeouts.
Example chart:
How to trade with the instantaneous trend line levels indicator for mt5?
The cloud’s color changes act as entry and exit points for trades. What’s more, there is also a dotted line serving trailing stop loss level.
For long opportunities watch for cloud color change to green. Trade trigger takes place at the first closed candle afterwards and you can close position after reaching at least 1:1 risk-to-reward ratio. Similarly, for short occasions just spot a change to pink and same rule applies for entry and take profit.
Additionally, there are moments when cloud gets extra thin, practically a single line – this setup is early forecast for potential trend switch.
This EUR/AUD H1 chart shows both bullish and bearish signals and corresponding clouds.
Indicator settings
There are four customizable options available.
- Period – controls the sensitivity of the indicator.
- Levels price – sets the smoothing factor.
- Price – selects the type of price used in the calculations.
- Filled zones display – enables or disables the cloud visualization on the chart.
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