The Three Line Break indicator for MT5 is a popular and useful tool for forex traders. It works by identifying the trend reversal points based on the price action of the asset. Unlike traditional candlestick charts, the Three Line Break indicator does not take time into account, focusing solely on price movements. This indicator creates “lines” based on the closing price of the asset. A new line is formed only when the price moves above or below the previous lines by a predefined amount. This helps traders to quickly identify trend changes and make informed trading decisions. To use the Three Line Break indicator, simply add it to your MT5 chart and adjust the settings according to your trading strategy. The indicator can be used on any timeframe and for any forex pair, making it a versatile tool for traders of all levels. And the best part is, it’s free to use!

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