When it comes to trading, understanding support and resistance levels is crucial. In our ThreeLineBreak charts, blue lines represent support levels, while red lines indicate resistance levels.
Now, take a look at the dashed lines—these are potential candidates for breaks. They can offer valuable insights into market movements.
The number of lines that we consider when there’s a breakthrough is controlled by the LB parameter of the indicator. This is an essential feature that helps refine your trading strategy.
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