FibStrike Fibonacci with Zone Rejection
- Indicators
- Version: 1.0
- Activations: 5
FibStrike Rejection is a powerful MT4 indicator designed for traders who want to visualize high-probability buy and sell zones using Fibonacci retracements combined with wick rejection signals.
The indicator automatically identifies recent high and low swings based on a customizable lookback period and draws Fibonacci levels from 100% to 40%. Buy and sell zones are highlighted within these levels.
In addition, the indicator detects wick rejection candles at both the Fibonacci zones and the current daily high/low, generating arrows only inside the defined zones, reducing noise and false signals. Alerts are optional and include sound, mobile notifications, and email alerts.
This indicator is suitable for traders who use price action, wick rejection, or smart money concepts for entries, helping to identify strong reversals within critical zones.
Features:
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Automatic detection of buy and sell zones using Fibonacci retracements (100% → 40%)
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Wick rejection arrows appear only inside BUY/SELL zones
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Daily high/low wick rejection detection with optional alerts
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Separate parameters for Fib and Daily wick detection
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Configurable arrow colors, codes, and thresholds
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Pop-up, sound, mobile, and email alerts for both Fib and daily signals
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Zone labels and rectangle highlighting for clear visual reference
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Customizable lookback period and zone extension length
How It Works:
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Detects the most recent high and low over the lookback period.
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Draws Fibonacci levels between 100% and 40% and highlights buy/sell zones.
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Monitors candles for wick rejection signals inside the zones only.
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Generates arrows and alerts when a valid wick rejection occurs.
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Daily high/low rejections are also detected and shown only inside the zones.
Recommended Use:
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Combine with trend analysis or higher timeframe confirmation
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Use wick rejections in zones as entry signals for swing or scalping trades
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Alerts help catch intraday reversals without staring at the chart
