Three Line Break Reversal Screener for ProRealTime

The Three Line Break (3LB) Reversal Screener scans the financial markets to identify stocks forming a first green or red brick according to the Three Line Break charting method.

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

Instead of examining charts individually, the Screener allows you to quickly find stocks showing potential bullish or bearish reversals across the markets.

Find Three Line Break Reversal Configurations

The Screener detects two types of signals:

• First green brick: Potential bullish reversal.
• First red brick: Potential bearish reversal.

The results are classified according to the direction of the detected reversal:

• 1: First green brick detected.
• -1: First red brick detected.

This classification helps you distinguish bullish and bearish configurations directly in the Screener results.

Customizable Settings

All search parameters can be adjusted directly from ProRealTime’s Variables menu, without modifying the code.

Detection filters:

• Search for first green bricks.
• Search for first red bricks.

General market filters:

• Minimum stock price.
• Minimum average volume.
• Average volume calculation period.
• Volume calculation based on the number of shares or traded value.

The general liquidity filters are applied on the daily timeframe, allowing you to select stocks according to your preferred price and trading volume criteria.

Characteristics

• Works on all timeframes.
• Compatible with ProRealTime V11 and later.
• Compatible with the free ProRealTime version (daily closing prices).
• Customizable detection and liquidity filters.
• Settings can be adjusted without modifying the code.
• Three Line Break Reversal Indicator included.
• Free automatic updates.

Video Presentation

Video in French – English subtitles available.