Three-Line Break Charts with Minimum Box Size and EA Buffer
Summary
The document explains a Line Break indicator that draws reversal boxes over the price chart, using the current instrument and timeframe. It adds a minimum box size, excluding reversal boxes, which makes its behavior similar to Renko charts while remaining distinct. Example configurations show three reversal lines with no minimum box size, and two reversal lines with a 200-pip minimum.
The boxes are chart objects rather than indicator buffers, so a starting date limits how much history the indicator calculates and displays. An added series buffer reports the number of boxes per bar, positive in an uptrend and negative in a downtrend, so Expert Advisors can read the state. The guidance recommends limiting history on very short timeframes to avoid excessive calculation; higher timeframes can use the earliest supported date. The document offers implementation and usage notes, but no trading performance evidence.
Key ideas
- The indicator overlays Line Break reversal boxes on the main price chart.
- A minimum box size changes the display and makes it resemble, but not equal, a Renko chart.
- A signed series buffer exposes the box count and trend direction to Expert Advisors.
- A configurable start date limits historical calculations, with shorter history advised on very short timeframes.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.