The 3LB On Chart Indicator is a useful and popular free Forex indicator for MT4 (MetaTrader 4) platforms. This indicator allows traders to quickly identify trend reversals and market strength. It does this by displaying a colored line on the chart that is based on the average of the high and low of the previous candle. The color of the line will change depending on the strength of the trend. A green line indicates a strong uptrend, a red line indicates a strong downtrend, and a yellow line indicates a neutral trend. The indicator is easy to use and can be used in combination with other indicators to identify market conditions and make trading decisions. The indicator can be used to identify entry and exit points, as well as to identify potential areas of support and resistance. Additionally, the indicator can be used to identify overbought and oversold conditions, and can be used to set stop-loss levels. It can be used in combination with other indicators to identify entry and exit points, as well as to identify potential areas of support and resistance.

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