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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

70031
4.4 (40)
- 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/ 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/ Swing Points Indicator for MetaTrader 5 The **Swing Points Indicator** is a custom-built technical tool designed for MetaTrader 5 (MT5), primarily used for identifying crucial reversal points in price action. By plotting swing highs and swing lows, it highlights potential trend reversals, making it a valuable tool for traders relying on price action an

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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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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 is a powerful tool designed to identify significant turning points in price movements on financial charts within the MetaTrader 4 platform. By analyzing price action, this indicator highlights instances where the market shifts from a trend to a potential reversal or consolidation phase. Util

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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/ This indicator visually highlights the Asian, London, and New York trading sessions on your chart using colored rectangles. It automatically calculates and displays the high, low, and price range (in pips) of each session for the most recent day. The session ranges are drawn for a configurable lookback period, allowing you to review session price action

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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/ NOTE: Turn Pattern Scan ON This indicator identifies Swing Points, Break of Structure (BoS), Change of Character (CHoCH), Contraction and Expansion patterns which are plotted on the charts It also comes with Alerts & Mobile notifications so that you do not miss any trades. It can be used on all trading instruments and on all timeframes. The non-repaint

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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 Order Block FVG Box indicator for MetaTrader 5 is a powerful tool designed for discerning traders looking to identify and capitalize on high-probability trading opportunities. This indicator excels at pinpointing valid Order Blocks that are immediately followed by Fair Value Gaps (FVG), enhancing your trading strategy with precise visual cues. Key Fe

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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 Expert Advisor for this Indicator can be found here: https://www.mql5.com/en/market/product/116472 Introducing the Rejection Candle MT5 Indicator, a robust tool designed to revolutionize your trading experience on the MetaTrader 5 platform. Built to pinpoint potential reversals with precision, this indicator offers unparalleled insights into market

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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/ Fair Value Gap Scanner 4 is a sophisticated MetaTrader 5 indicator designed to detect fair value gaps (FVGs) in price action and display them as rectangles directly on the chart. This powerful tool empowers traders by providing visual representations of FVGs, enabling them to identify potential trading opportunities with ease and precision. With customi

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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 Expert Advisor for this Indicator can be found here: https://www.mql5.com/en/market/product/115567 The Contraction/Expansion Breakout Lines with Fair Value Gaps (FVGs) Indicator for MetaTrader 5 (MT5) is a powerful technical analysis tool designed to help traders identify and visualize breakouts at critical levels of contraction and expansion in fi

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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