NQX Rejection Candle Extreme
- Indicators
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Marcel De Oliveira Farias
NexQuantumX builds multi-strategy portfolio robots for MetaTrader 5 and MetaTrader 4. Each robot combines independent, rule-based strategies on gold and stock indices inside one Expert Advisor, attached to one chart only. Stop loss on every trade, no grid, no martingale. Every product page shows its - Version: 1.0
- Activations: 5
NQX Rejection Candle Extreme is a signal indicator for MetaTrader 5: rejection candle signals (it only signals right after the market was stretched to an extreme, looking for the turn).
Proprietary NQX logic that detects a candle that rejects a fresh short-term extreme. It only signals right after the market was stretched to an extreme, looking for the turn. It draws the suggested entry, a short stop and long targets (3:1, 5:1, 10:1, up to 20:1 on swing); you decide.
What it draws on the chart
- An arrow on the closed signal candle (it never repaints a closed signal).
- The suggested entry, a short stop and a long suggested target (default 5 x the risk), plus reference lines at 3 x 1, 5 x 1 and 10 x 1.
- When a level is reached, a label marks it on the chart (target or stop).
- A panel with the last signal and how many signals appeared on the visible history.
- Pop-up and push alerts on new signals (optional).
Exclusive NQX logic: no other NQX indicator uses this same combination of entry signal and market filter, so its signals are its own.
Settings
- Main suggested target (x the risk) and extra target lines (3 x 1, 5 x 1 and 10 x 1 by default).
- Minimum and maximum stop distance (x ATR) and maximum bars to keep a signal open.
- The signal rules are built in and protected: no tuning needed.
- Colors, history bars, panel and alerts.
How to use
- Recommended timeframes: M15, H1 and H4.
- Works on any symbol: forex, gold, indices, crypto.
- The indicator never opens trades. YOU make every decision: whether to enter, where to place the stop and the target, and the position size. Use the levels only as a reference and always respect your own risk.
- Try it first on a demo account or in the Strategy Tester (visual mode).
Important: the signals and levels are suggestions, not a recommendation to buy or sell. You are solely responsible for your trading decisions. Past results do not guarantee future results. Trading involves risk and you can lose money.
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