Three Line Break Indicator

Platform: MT4 Type: Pattern

Users rating:

Last update: November 17, 2024

The Three Line Break Indicator for MT4 is focused purely on price movements and do not consider the time factor. The starting point is about price action and trends, filtering smaller fluctuactions. In the result it’s easier for trades to identify significant changes. This method is named after the number of lines usually used to register a break.

General trading suggestions:

Essentially, this is a reversal strategy. When at least three consecutive downward bars occur, and the price then jumps higher than all three of them, it is displayed as a blue bar, indicating a potential start of an uptrend. For the bearish setup, three consecutive upward blue bars must appear, followed by a red bar.

Example chart:

three line break indicator example chart