OldMike Red line indicates the actual pitch over the entire duration of the note — in most cases it fluctuates.
Black line indicates the pitch at a specific moment after the note is struck.
If you hold your finger on the freeze icon, you can set this time point.
This time can be further adjusted in the settings.
Triangles – can be set to display the ideal (target) pitch (in coarse tuning mode) after the entire piano has been tuned, or to show where the note should be placed so that, after tuning, the lines are at zero.