One of the most interesting indicators is the 3 Line Break indicator for Metatrid 4. Let us first guide you through its installation.
- First, change the way you view the price from candlestick to bar for better consideration.
- Read the indicator settings in full. You can use 2 or 5 lines instead of breaking 3 lines. Read on to find out more.
We use Default 3 to explain.
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How to trade with 3Line Break indicator?
This indicator is written based on the three line break method on the chart. This method is based on price and does not consider the effect of time on transactions at all.
Graphical rules of 3-line failure indicator
- If the price rises and closes above the previous SASA, a blue bar is formed.
- If the price goes down and builds a new floor and closes below its previous load, a red load is formed.
- If the price can not break the ceiling and floor of its previous load, it will be formed once in the same color as its previous load.
This is not the whole story, if the price can make a strong three times in a row with a strong trend, provided that each of them breaks its previous ceiling or floor, in order for the color of the load to change, it must break the floor or ceiling of its previous three candlesticks the next time. .
As can be seen from the appearance of the indicator, it is displayed very cleanly and neatly on the chart and does not clutter the chart.
** Under no circumstances is it recommended to start trading with just one indicator. Indicators are aids, use them alongside your tested trading strategy and method. **
This indicator can be used well along with price action methods to confirm trend change or to confirm the current trend.
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