The Three Line Break indicator is a useful tool for Forex traders looking to identify trends and potential entry points in the market. This popular indicator, available for free on the MT4 platform, works by plotting “lines” based on price movements, rather than time intervals. Unlike traditional candlestick charts, which are based on time intervals, the Three Line Break indicator focuses solely on price movements. It works by breaking the previous high or low price to create new lines, helping traders easily identify trends and reversals in the market. To use the Three Line Break indicator, traders can look for patterns of consecutive lines in the same color, indicating a strong trend. Traders can then use this information to make informed decisions about entering or exiting trades. Overall, the Three Line Break indicator is a valuable tool for Forex traders seeking to improve their trading strategies.
MT4
![](https://www.mt4collection.com/wp-content/uploads/2024/03/Three-Line-Break-screenshot-1-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/03/Three-Line-Break-screenshot-2-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/03/Three-Line-Break-screenshot-4-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/03/Three-Line-Break-screenshot-3-230x144.png)
Three Line Break
The Three Line Break indicator is a popular and useful forex indicator available for free on MT4. It works by creating vertical boxes that are based on price movements, rather than time. Traders can use this indicator to identify trends and make informed trading decisions. Simply add the indicator to your chart and adjust the settings to suit your trading strategy.
Indicator Type | |
---|---|
Trading Style | |
Timeframe | |
Platform |
0
People watching this product now!
Category: Trend
Downloads - 4
Description
Reviews (0)
Be the first to review “Three Line Break” Cancel reply
How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
Related products
Exponential Moving Average
The EMA Indicator is a popular new forex tool for MT4 that is available for free download. It is a type of moving average that provides more weight to recent price changes, making it more responsive to current market conditions. The EMA indicator works by calculating the average price of an asset over a given period, with more emphasis placed on recent price action. This makes it a useful tool for traders looking to identify trends and changes in market direction.
Advanced ADX
The Advanced ADX Indicator is a popular and free forex trading tool designed for MT4 platform. It provides traders with accurate trend direction signals by analyzing the strength of the market trend. The Advanced ADX Indicator is a new addition to the forex indicator market and has gained popularity among traders due to its ease of use and accuracy. It is a must-have for any trader looking to improve their trading strategy and profitability.
Automatic Trendlines
The Automatic Trendlines indicator is a new and popular free to use MT4 indicator designed to automatically draw trendlines on your chart, saving you time and effort. The indicator uses advanced algorithms to determine trendlines based on price movement and can be used on any currency pair or timeframe. The Automatic Trendlines indicator is a useful tool for traders who want to quickly and easily identify trends in their charts.
Heikin Ashi Candle
The Heikin Ashi Candle Indicator is a new and popular forex indicator for MT4 that provides traders with a unique way to analyze price movements. It is designed to display candles on a chart in a way that filters out market noise and shows a clearer picture of the trend. The Heikin Ashi Candle indicator averages the open, close, high and low prices of each candle to create a smoother and more readable trend. This indicator is useful for traders of all skill levels as it simplifies the process of spotting trends and potential market reversals.
TMA Centered Bands
The TMA Centered Bands indicator is a powerful forex indicator available for the MT4 platform. This indicator was created for the MT4 platform and helps traders identify trends, support and resistance levels. The TMA Centered Bands indicator works by using a centered TMA (triangular moving average) to create a set of bands around the price. With a simple yet effective design, the TMA Centered Bands indicator is a valuable tool for any forex trader looking to improve their trading strategy.
Reviews
There are no reviews yet.