Author: Equipe Forex
Hey fellow traders! Today, we’re diving into a fascinating trading tool known as the Three Line Break indicator, which you can easily find on MetaTrader 4. This method was popularized by Steve Nison in his well-known book, Japanese Candlestick Charting Techniques.
The Three Line Break combines the best features of both tic-tac-toe charts and traditional line or bar charts. It’s an innovative approach that helps traders predict future price movements by analyzing pricing models over time.
One of the standout benefits of using this chart type is its ability to cut through the noise of market fluctuations. It helps you to clearly identify key levels such as support and resistance, making your trading decisions more straightforward.
However, keep in mind that the graphical shapes you see on a Three Line Break chart may look different from what you’re used to on a standard chart. This is due to the non-linear time scale that this type of chart employs.
In essence, the Three Line Break transforms price movements into a series of cyclical fluctuations, which can be a game-changer for your trading strategy.
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