Blue lines are support levels, Red ones are resistance levels.
The dashed lines are candidates.
The amount of considered lines on a break through is regulated by LB paramter of the indicator.
MT4 Indicator Download – Instructions
ThreeLineBreak on Chart S/R is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
ThreeLineBreak on Chart S/R provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install ThreeLineBreak on Chart S/R.mq4?
- Download ThreeLineBreak on Chart S/R.mq4
- Copy ThreeLineBreak on Chart S/R.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on ThreeLineBreak on Chart S/R.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator ThreeLineBreak on Chart S/R.mq4 is available on your Chart
How to remove ThreeLineBreak on Chart S/R.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
MT4 Indicators Download below: