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Home Collection Support & Resistance Three Line Break Chart SR
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Three Line Break Chart SR

Three Line Break Chart SR Indicator is a popular and useful forex indicator for MT4. It is free to use and helps traders identify significant support and resistance levels. This indicator works by breaking the price action into distinct lines, making it easier to spot key levels. Traders can use this tool to make more informed trading decisions based on market structure.

Indicator Type

Breakout

Trading Style

Day Trading

,

Intraday

Timeframe

D1-W1

,

H1-H4

,

M15-M30

Platform

MT4

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Description

The Three Line Break Chart SR Indicator is a popular and useful tool for forex traders who use MT4. It is a free indicator that helps traders identify key support and resistance levels on a chart based on the Three Line Break Chart pattern. This indicator works by plotting lines based on the high and low prices of previous candlesticks, creating a visual representation of support and resistance levels that can help traders make informed trading decisions. Traders can use this indicator to identify potential entry and exit points, as well as determine stop-loss levels to manage risk effectively. Overall, the Three Line Break Chart SR Indicator is a valuable tool for forex traders looking to improve their technical analysis skills and make more informed trading decisions.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. 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.

 

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