Three Line Break Reversal Indicator for ProRealTime

The Three Line Break (3LB) Reversal Indicator displays potential trend reversals directly on your ProRealTime candlestick charts.

The Three Line Break method is based on price movements rather than fixed time intervals. It uses green bricks for bullish moves and red bricks for bearish moves. A first brick of the opposite colour indicates a potential reversal in the Three Line Break representation.

The indicator identifies these configurations on your usual price chart, without requiring you to display a separate 3LB chart.

Identify Three Line Break Reversals

The indicator displays:

• Green dots when a first green brick appears.
• Red dots when a first red brick appears.

These visual signals help you identify the candles corresponding to potential bullish or bearish reversals.

The indicator can also be displayed in a separate window below the price chart, using a Signal Line with three possible values:

• 1: First green brick detected.
• -1: First red brick detected.
• 0: No signal.

The Signal Line can be used to configure alerts in ProRealTime.

Signals are displayed while the current candle is forming, before confirmation at the close.

Customizable Settings

All settings can be adjusted directly from ProRealTime’s Configuration menu, without modifying the code.

Detection options:

• Display first green brick signals.
• Display first red brick signals.

Display options:

• Coloured zones.
• Coloured dots.
• Display transparency.
• Signal Line activation.

Characteristics

• Works on all timeframes.
• Compatible with ProRealTime V11 and later.
• Compatible with the free ProRealTime version (daily closing prices).
• Customizable settings without modifying the code.
• Free automatic updates.

Video Presentation

Video in French – English subtitles available.