Tutorial 181 from Markplex.com talks through the creation of an indicator to ‘mimic’ the behavior of a three line break chart. The functionality is very similar to tutorial 23 however, whereas tutorial 23 uses an array, this tutorial uses the Vector class.<br /><br />See the tutorial pages:<br />Tutorial 23 - https://markplex.com/free-tutorials/tutorial-23-creating-3-line-break-3lb-indicator-apply-normal-candlestick-charts/<br />Tutorial 181 - https://markplex.com/free-tutorials/tutorial-181-three-line-break-on-normal-chart-using-vectors/<br /><br />Line break charts<br />Line breaks charts ignore time. New ‘up’ lines are only added when a bar closes higher than the high of the previous up line. Once up lines are being drawn price has to go below the low of a specified number of up lines in order to create a new down line. New ‘down’ lines are only added when a bar closes below than the low of the previous down line. Once down lines are being drawn price has to go above the high of a specified number of down lines in order to create a new ‘up’ line.<br /><br />This tutorial program is designed to be applied to a minute (e.g. 5 minute, 15 minute, 60 minute) bar chart. Because these charts do have a linear time element multiple ‘lines’ would be drawn whereas on an actual line break chart the same move would be represented by one line.<br /><br />Technical lessons covered in this tutorial include:<br /><br />Converting an EasyLanguage program to use a Vector rather than an array<br />Drawing rectangles using the legacy EasyLanguage syntax (e.g. TL_New) and also using the Rectangle object and formatting options<br />Converting legacy date and time to a DateTime object<br />Converting color objects for use in the plot statement<br />Using methods to create and update drawing objects<br />Ensuring that there are only a maximum number of drawing objects drawn on the chart.
