The Three Line Break Pattern indicator for Metatrader 4 identifies the 3 line break Forex pattern and prints the affected candlesticks in color on the chart.
The Three Line Break Pattern Forex indicator may be used to enter and exit trades and it’s a useful technical tool for both stop loss placement and take profit calculations.
You can download the indicator below.
Free Download
Download the “Three Line Break.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below displays the Three Line Break Pattern mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method when trading with this price action indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Price action
Does the indicator repaint? No.
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Download the “Three Line Break.mq4” indicator for Metatrader 4
