Three-Line Break (TLB) with MA

Category: trend, market_structure

Calculates and visualizes a Three-Line Break (TLB) chart on top of the standard chart, with an integrated Moving Average. It filtered market noise by only plotting price changes that exceed a specific number of previous lines.

Formula

TLB = \begin{cases} \text{Up} & \text{if } C > \max(H_{n}) \\ \text{Down} & \text{if } C < \min(L_{n}) \end{cases} \text{ where } n = \text{LinesToBreak}

Inputs

• NumberOfBarsToLookBack (default: 1000)
• LinesToBreak (default: 3)
• EnableMA (default: true)
• MA_Method (default: MODE_EMA_)
• MA_Period (default: 14)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.