This is Part 3 of the Three line Break Tutorial
Now, let's create a Custom Column that builds off the TLB_REV Custom Indicator that we've already created, and then add this custom column to a quotepage.
This is Part 2 of the Three line Break Tutorial
Now, let's create a custom indicator involving the TLB token. To create a custom indicator, go to "Setup: Custom Indicator", and setup the indicator based on the settings below.
Then save the custom indicator with a name like "TLB_REV" (for Three Line Break Reversal indicator).
In this custom indicator, we have set the TLB token up to use the data element "Rising?". As mentioned on the previous page, this token results numerically in a value of 1 when rising, and 0 when falling. Based on this, let's take a closer look at the syntax of our custom indicator...
This 3-part tutorial series will discuss several different ways of using Three Line Break methodologies within Investor/RT, including...
The Three Line Break Oscillator (TLBOSC) was designed to give Three Line Break users an indicator on traditional charts that clearly shows all relevant TLB information (reversal price, current price, extreme price, etc.) in a flexible and vertically condensed fashion. The indicator oscillates about the zero line. Crossing above the zero line represents a positive TLB reversal (buy signal), and crossing below the zero line represents a negative reversal.