AurumEdge Rejection Signal
- Indicators
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Anthony Nwabueze Onyenweaku
I’m Tony, founder of AurumEdge Tech. I build Expert Advisors and indicators for MetaTrader 5 in MQL5, focusing on gold (XAUUSD), forex and indices (US30, NAS100, GER40).
What I do:
• Custom EAs from your strategy rules: breakout, trend, session-based, grid-free risk-managed systems - Version: 1.0
- Activations: 10
Marks rejection candles that form at meaningful price areas, graded A, B or C by how many areas agree. Confirmed on the candle close: never repaints.
AurumEdge Rejection Signal looks for candles with a long wick that pushed into an area and was pushed back. It only shows them when they form somewhere meaningful.
THE AREAS IT CHECKS
- Daily pivot levels (P, R1 to R3, S1 to S3)
- The pullback zone of the latest swing (61.8% to 78.6% by default)
- The outer Bollinger Bands
THE GRADE
- A: the wick touched all three areas
- B: two areas
- C: one area
Hover over the letter to see which areas it touched, for example "Bullish rejection, grade B (daily S1, lower band)".
NO REPAINTING
Every signal is decided on the close of its candle, using only information available at that moment. A signal cannot appear later on an old candle, and it never disappears afterwards.
ALERTS
Pop-up, push notification to the MT5 mobile app, and sound, from the grade you choose (B and above by default).
FOR EA DEVELOPERS
The grades are also stored in two indicator buffers (buy grade and sell grade: 3 = A, 2 = B, 1 = C), so you can read the signals with iCustom.
SETTINGS
- Rejection candle shape: wick share, maximum body, minimum size (ATR-based)
- Which areas count (pivots, pullback zone, bands) and their settings
- Minimum grade to show, history length, grade letters on or off
- Alert grade, colours and font size
Works on any symbol and timeframe (forex, gold, indices and more). Developed and tested on gold (XAUUSD).
Signals are not trade instructions. Not every rejection leads to a reversal. Always confirm and manage your risk. Trading involves risk.
