This is a modified version of the three line break price representation. It is composed with 2 lines made of Close price values forming a “cloud”. If the trend is bullish and the price breach the lower level of the green cloud, a new bearish trend is taking place. If the current trend is bearish and the price breakout the upper band of the cloud, a new bullish trend is forming. This is a “price action” indicator, signals may be filtered by long term trend analysis with other indicators such as Supertrend for instance.
Hi Buddy, May i request you to send me the Multi Time Frame Version?
AbhinavAsthana
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Thank you Harry Potter for this indicator.
ICEKI
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The Three Line Break; this is a simple useful strategy especially HPotter you created a mod version; great job keep it up bro; appreciated your generous sweet hearts shared in public =D