In order to realize In-line and convenient measurement for solid-gas two phase flows, Light Transmission Fluctuation (LTF) based on the random variation of transmitted light intensity, light scattering theory and cross-correlation method was presented for online measurement of particle size, concentration and velocity. The statistical relationship among transmitted light intensity, particle size and particle number in measurement zone was described by Beer-Lambert Law. Accordingly, the particle size and concentration were determined from the fluctuation signal of transmitted light intensity. Simultaneously, the particle velocity was calculated by cross-correlation analysis of two neighboring light beams. By considering the influence of concentration variation in industrial applications, the improved algorithm based on spectral analysis of transmitted light intensity was proposed to improve measurement accuracy and stability. Therefore, the online measurement system based on LTF was developed and applied to measure pulverized coal in power station and raw material in cement plant. The particle size, concentration and velocity of powder were monitored in real-time. It can provide important references for optimal control, energy saving and emission reduction of energy-intensive industries.