Wick Rejection Scanner Dashboard (Multi-Symbol / Multi-TF) - indicator for MetaTrader 5

Overview

Wick Rejection Scanner Dashboard is a professional MT5 indicator that continuously scans multiple symbols and timeframes for wick-based rejection candles (upper or lower rejection) and presents the most relevant results in a clear, readable on-chart dashboard.

It is built for traders who use price action / rejection candles as a trigger, but want a faster way to monitor a watchlist without manually opening and checking dozens of charts. The tool acts like a “radar”: it finds recent rejection candles and ranks them using a strength score and context filter, helping you focus only on the most meaningful setups.

This is a scanner + visualizer. It does not place trades.

What the Indicator Detects

A signal is produced when a candle meets configurable rejection rules, including:

• Dominant wick (upper or lower) as a percentage of the full candle range

• Minimum candle range filter to avoid tiny/noisy candles

• Minimum body size to avoid meaningless “needle” bars

• Opposite wick cap to avoid “indecision” candles with large wicks on both sides

• Optional ATR filter so signals occur only during sufficient volatility

• Optional Trend Context score to penalize signals occurring in weak locations inside the recent range

The result is a set of rejection signals that is designed to be realistic, not overly sensitive.

Key Features

• Multi-Symbol Scanner

  • Scan symbols from Market Watch or from a custom comma-separated list

  • Limit the number of scanned symbols for performance control

• Multi-Timeframe Support

  • Scan the current chart timeframe or a fixed timeframe

  • Optional additional scans for M15 and H4

• Professional Dashboard UI

  • Clean dark theme dashboard with consistent spacing and alignment

  • Displays: Symbol, Timeframe, Signal Type, Wick %, Strength, Age

  • Sorting modes: Most Recent / Highest Wick% / Highest Strength

  • Shows a compact signal age (bars ago or time for very recent signals)

• Click-to-Switch Chart

  • Click a dashboard row to instantly switch the chart to that symbol + timeframe

• On-Chart Markers (Optional)

  • Draw arrows on the chart for detected signals

  • Optional wick percentage labels

  • Maximum marker count for performance and readability

• Alerts (Optional)

  • Popup / Push / Email alerts

  • Cooldown control to avoid repeated alerts for the same symbol/timeframe

Typical Use Cases

• Watchlist scanning for rejection candles at important levels

• Quick filtering before manual confirmation (S/R, trend structure, session timing, liquidity sweeps)

• A dedicated “setup radar” on a secondary monitor

Notes and Best Practice

• A wick rejection candle is a trigger, not a complete strategy.

• For higher quality trade decisions, combine signals with:

  • Support/Resistance zones

  • Trend structure (HH/HL or LH/LL)

  • Higher timeframe bias

  • Session timing / volatility conditions

Inputs (What You Can Configure)

Detection Settings

• Wick threshold (% of candle range)

• Minimum candle range (points)

• Minimum body percentage

• Maximum opposite wick percentage

• ATR-based validation (period + multiplier)

• Trend context scoring (lookback + threshold)

Scanner Settings

• Market Watch symbols or custom symbol list

• Scan timeframe selection (or current chart timeframe)

• Optional extra timeframes (M15 / H4)

• Bars to check + refresh interval

• Optional limit for maximum displayed signals

UI & Alerts

• Dashboard position, offsets, row height, font size

• Marker visibility, label visibility, max markers

• Alert channels and cooldown

Summary

If you trade wick rejections and want a faster workflow, Wick Rejection Scanner Dashboard helps you:

1. scan more charts in less time,

2. reduce noise using practical filters, and

3. focus on the best candidates via strength scoring and sorting.