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Rejection Block Indicator and Void MT4

Rejection Block Indicator and Void MT4
The Rejection Block Indicator is a highly efficient tool for spotting potential market turning points in MetaTrader 4. This indicator automatically identifies zones which price experiences rejection.

The mechanism of this indicator relies on candlestick wicks; a long wick near the top price and a short wick near the bottom price signal potential reversal points. Once detected, the Rejection Blocks are automatically marked on the chart. Bullish rejection areas appear in green, while bearish Rejection Blocks are highlighted in red.

Indicator Specifications Table

Category

ICT - Liquidity - Smart Money

Platform

MetaTrader 4

Skill Level

Intermediate

Indicator Type

Continuation - Reversal

Timeframe

Multi-Timeframe

Trading Style

Intraday Trading

Market

Cryptocurrency - Forex - Stocks - Commodities

Indicator Overview
The Rejection Block Indicator pinpoints areas in financial markets that hold a strong probability of price reversals. Typically, price retraces to these zones before completing a movement.

Traders utilizing the ICT methodology leverage this indicator to locate Rejection Block areas. The void of these zones appears in gray; once fully absorbed, it signals the invalidation of that level.

Rejection Block Indicator in an Uptrend
The EUR/USD 4-hour price chart illustrates how this indicator functions in an upward trend. During a temporary downward move, the price meets a bullish Rejection Block, forming a favorable buy entry setup.

Rejection Block Indicator in a Downtrend
The USD/CHF 4-hour chart demonstrates how the indicator works in a bearish trend. The price reaches a bearish Rejection Block, presenting traders with a potential sell opportunity.

Indicator Settings

  • Display configuration: Customizable screen appearance;
  • Chart and object color scheme: Background color settings;
  • Standard parameters: Default settings;
  • Candle review: Analyze previous candlesticks;
  • Object prefix: Identifier for objects;
  • Vertical line visibility: Option to enable/disable separators;
  • Show primary trend levels: Display first-level trends;
  • Display BOS & ChoCh level 2: Show BOS and ChoCH Level 2 trends;
  • Label for BOS & ChoCh level 2: Enable BOS and ChoCH Level 2 labels;
  • Display Rejection Blocks: Toggle Rejection Block visibility;
  • Custom color for Rejection Blocks: Define colors for zones;
  • Invalid zones when price closes beyond: Mark invalid Rejection Blocks when price moves beyond;
  • Invalidate new zones upon overlap: Mark new intersecting zones as invalid.

Conclusion
The Rejection Block Indicator is a robust tool for recognizing critical market reversal levels. It assists traders in identifying price Rejection Blocks that act as strong support and resistance areas, allowing for more strategic decision-making.

This indicator aligns well with ICT-based trading strategies. By implementing this tool, traders can precisely determine ideal entry and exit points, reducing market exposure and improving trade accuracy.

 


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FX Dynamic : Suivez la volatilité et les tendances grâce à une analyse ATR personnalisable Vue d’ensemble FX Dynamic est un outil performant s’appuyant sur les calculs de l’Average True Range (ATR) pour fournir aux traders des informations incomparables sur la volatilité quotidienne et intrajournalière. En définissant des seuils de volatilité clairs — par exemple 80 %, 100 % et 130 % — vous pouvez rapidement repérer des opportunités de profit ou recevoir des avertissements lorsque le marché dé
Blahtech Supply Demand
Blahtech Limited
4.64 (36)
Was: $299  Now: $149   Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings
Découvrez le secret pour réussir le trading Forex avec notre indicateur MT4 personnalisé! Vous êtes-vous déjà demandé comment réussir sur le marché du Forex, gagnant régulièrement des bénéfices tout en minimisant les risques? Voici la réponse que vous avez recherchée! Permettez-nous d'introduire notre indicateur MT4 propriétaire qui révolutionnera votre approche du trading. Polyvalence unique Notre indicateur est spécialement conçu pour les utilisateurs qui préfèrent les formations de bougies
Advanced Supply Demand
Bernhard Schweigert
4.91 (294)
CURRENTLY 26% OFF !! Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to show double timeframe zones. You will not only be able to show a higher TF but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES. All Supply Demand traders will love it. :) Important Information Revealed Maximize the potentia
System Trend Pro
Aleksandr Makarov
5 (2)
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Le système PRO Renko est un système de trading très précis spécialement conçu pour le trading de graphiques RENKO. Il s'agit d'un système universel qui peut être appliqué à divers instruments de négociation. Le système neutralise efficacement ce qu'on appelle le bruit du marché en vous donnant accès à des signaux d'inversion précis. L'indicateur est très facile à utiliser et n'a qu'un seul paramètre responsable de la génération du signal. Vous pouvez facilement adapter l'outil à n'importe que
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