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Indicator for MT4
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Rejection Block + Void Indicator
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Age 3+
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level: intermidiate
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English
คำแนะนำของผู้เขียน
The Rejection Block Indicator is a practical and effective tool for identifying market reversal points among MetaTrader 4 indicators. This tool automatically detects areas where the price rejects and reverses.
The rejection block operates based on candle shadows; a long shadow near the price peak and a short shadow near the price low are considered market reversal or turning points.
Using this indicator, rejection blocks are automatically drawn on the chart. Bullish rejections are shown in green, and bearish rejections are displayed in red.
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Indicator for MT4
-
Rejection Block + Void Indicator
-
Age 3+
-
level: intermidiate
-
English
คำแนะนำของผู้เขียน
The Rejection Block Indicator is a practical and effective tool for identifying market reversal points among MetaTrader 4 indicators. This tool automatically detects areas where the price rejects and reverses.
The rejection block operates based on candle shadows; a long shadow near the price peak and a short shadow near the price low are considered market reversal or turning points.
Using this indicator, rejection blocks are automatically drawn on the chart. Bullish rejections are shown in green, and bearish rejections are displayed in red.