The Three Line Break (3LB) is a charting method from Japan. The chart does not evolve as a function of time, but as a function of price movements. This filters out the noise to focus on the price movement that is deemed significant.
The chart is made up of green bullish blocks and red bearish blocks. At each new session close, there are 3 possible Three Line Break representations :
Thus, the formation of a first green block, or a first red block, indicates a trend reversal in a stockprice.
The Three Lien Break Reversal screener scans the market for stocks that are forming a Three Line Break reversal. Therefore, screening fos tocks that are forming a first green block or a first red block.
Our Three Line Break Reversal Indicator is included, it will display directly on the chart the keypoints detected by the screener.
Results are sorted in the "Green / Red" column :
A general filtering on the daily timeframe is done on the stock price, as well as the exchange's volume. This filtering guarantees the stocks appearing in results are in your liquidity criteria.
Settings are available without modifying the code, in a very simple way in the "variables" menu of the screener.
Availables filters :
General filter :
Video user guide (english subtitles available) :
Details of available settings :
Disclaimer
Our proposed tools (indicators and screeners) are not investment advices but tools allowing everyone to find specific graphic configurations.
Investing in the financial markets involves risks up to and including the total loss of capital.
The user of the proposed tools understands and accepts that the use of these tools is under his sole and entire responsibility. P2C Trading declines all responsibility in the use of the tools and the consequences that would result.
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