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Rejection Block

FREE

Published: 7 April 2024

Current version: 1.0

Rejection Block

Name: Rejection Block
Rating: 5 (1 reviews)
Author: Usiola Oluwadamilol Olagundoye

Indicators
Usiola Oluwadamilol Olagundoye
Usiola Oluwadamilol Olagundoye
Nigeria

69115
4.4 (41)
- https://trenddaytrader.com
I believe in the principles of Elliott Waves.
I am an engineer and programmer with over a decade and a half of involvement in financial markets. I firmly believe in the power of technical analysis, as candlesticks provide all the insights needed for informed trading decisions.

17 products 2 topics 3 comments
Version: 1.0

Next Arrival : Flip or Die Trading Arena. Flip a trading account: https://flipordie.com/chapter-1-thirteen-doublings-double-a-trading-account/

The "Rejection Block" MetaTrader 5 Indicator offers traders a comprehensive tool for identifying and visualizing rejection candlestick patterns, commonly known as rejection blocks. These patterns are pivotal in discerning potential market reversals or continuations, making them invaluable for traders seeking to enhance their analysis.

Key Features:

Rejection Block Detection: The indicator diligently scans price data, pinpointing instances of rejection candlestick patterns. These patterns typically manifest as candles with long upper or lower wicks and small bodies, indicating a rejection of higher or lower prices by market participants.
Visual Representation: Rejection blocks are prominently displayed on the price chart, ensuring clear visibility and ease of interpretation for traders. Each rejection block is presented with customizable attributes, allowing traders to tailor the appearance to their preferences.
Customizable Parameters: Traders have the flexibility to customize various parameters of the indicator to align with their trading strategies and preferences. This includes the ability to adjust the color, width, and style of the rectangles drawn on the chart, providing traders with greater control over their visual representation.
Enhanced Analysis: By leveraging the insights provided by the Rejection Block indicator, traders can make more informed trading decisions. Whether used in isolation or in conjunction with other technical indicators, the identification of rejection blocks empowers traders to identify potential entry and exit points with greater accuracy.

Overall, the Rejection Block MetaTrader 5 Indicator serves as a valuable tool for traders seeking to capitalize on the insights provided by rejection candlestick patterns. With its customizable features and intuitive visual representation, it offers traders a comprehensive solution for enhancing their technical analysis and improving their trading outcomes.

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996

Alexandre Henrique Vassoler 2025.03.05 14:28 #

Excellent indicator! It works very well in D1.

This indicator shows external bars ("Aussenstäbe") in the chart in candle form. The colors of the candles can be set individually. Also different colors for bearish and bullish bars are possible. In addition, the color of the wicks or outlines is also adjustable. Outside bars are mentioned e.g. by Michael Voigt in the book "Das große Buch der Markttechnik". All other candles are inner bars.

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Next Arrival : Flip or Die Trading Arena. Flip a trading account: https://flipordie.com/chapter-1-thirteen-doublings-double-a-trading-account/ The Advanced Order Block Indicator for MetaTrader 5 is designed to enhance technical analysis by identifying significant order blocks that sweep liquidity and create Fair Value Gaps (FVG) when pushing away. This indicator is ideal for traders who focus on institutional trading concepts and wish to incorporate advanced order flow and price action strategi

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Next Arrival : Flip or Die Trading Arena. Flip a trading account: https://flipordie.com/chapter-1-thirteen-doublings-double-a-trading-account/ YouTube Channel: https://www.youtube.com/@trenddaytrader FREE EA for GOLD , Anticipation can be found here: https://www.mql5.com/en/market/product/123143 The Expert Advisor for this Indicator can be found here: https://www.mql5.com/en/market/product/115476 The Break of Structure (BoS) and Change of Character indicator with Fair Value Gap (FVG

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Next Arrival : Flip or Die Trading Arena. Flip a trading account: https://flipordie.com/chapter-1-thirteen-doublings-double-a-trading-account/ https://trenddaytrader.com/smc-ct5f-xauusd-free-gold-trading-robot/ sample .set file for XAUUSD 5 Minute is in the comment section. SMC CT5F XAUUSD is a fully automated Smart Money Concept (SMC) execution framework engineered specifically for Gold( XAUUSD ) . It is not a signal copier, not an indicator, and not a position manager — it is a r

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Next Arrival : Flip or Die Trading Arena. Flip a trading account: https://flipordie.com/chapter-1-thirteen-doublings-double-a-trading-account/ https://trenddaytrader.com/rejection-block-trader-free-gold-ea-for-h1/ Timeframe : H1 Only. Symbol : XAUUSD Check the comment section for the .set file dated 18th Jan, 2025 Introducing the "Rejection Block EA," a specialized trading solution meticulously crafted for ding GOLD (XAU/USD) with unparalleled precision and efficiency on the 1 timeframe. This e

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Next Arrival : Flip or Die Trading Arena. Flip a trading account: https://flipordie.com/chapter-1-thirteen-doublings-double-a-trading-account/ https://trenddaytrader.com/ict-kill-zone-trader-free-ea-for-1-minute-gold-trading/ YouTube Channel: https://www.youtube.com/@trenddaytrader FREE EA for GOLD , M1 Gold Trader can be found here: https://www.mql5.com/en/market/product/120543 TimeFrame: 1 minute ONLY .set file in the comment section. This EA is far from perfect. https://www.y

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Next Arrival : Flip or Die Trading Arena. Flip a trading account: https://flipordie.com/chapter-1-thirteen-doublings-double-a-trading-account/ The Break of Structure (BoS) and Change of Character indicator with Fair Value Gap (FVG) filter is a specialized tool designed to enhance trading strategies by pinpointing high-probability trading opportunities on price charts. By integrating the BoS and Change of Character concepts with the FVG formation, this indicator provides traders with a robust f

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Alexandre Henrique Vassoler 2025.03.05 14:28 #

Excellent indicator! It works very well in D1.

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Reply from developer Usiola Oluwadamilol Olagundoye 2025.03.05 14:30 #

I am glad you found it useful