Line Break charts were invented in Japan. It is very similar to Point & Figure and Renko charts because it ignores time and only change when closing prices move a certain amount. These charts show a series of vertical lines: Blue Lines represent bullish price movement, Red Lines means bearish prices.
A reversal occurs when the closing price exceeds the high or low of the prior 3 lines.
- File: 3Line_Break.mq4
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