The Rejection Block Indicator in (MT4) is a powerful Smart Money Concept (SMC) tool for MetaTrader 4 that helps traders identify price rejection zones. It detects areas where price reverses based on candle shadows, marking bullish (green) and bearish (red) rejection blocks.
Key Features:
Automatically detects price rejection zones
Bullish Rejections (Green), Bearish Rejections (Red)
Identifies reversal areas for Smart Money trading
Works in all markets (Forex, Crypto, Stocks, Commodities)
You can download it from this link:
https://cdn.tradingfinder.com/file/2...4-by-tflab.zip
You can also access the MetaTrader 5 version of this indicator through this page:
For instructions on how to install:
https://www.forexfactory.com/thread/...-in-metatrader
Indicator Overview
Category: ICT - Liquidity - Smart Money
Platform: MetaTrader 4 (MT4)
Skill Level: Intermediate
Indicator Type: Continuation - Reversal
Timeframes: Multi-Timeframe
Markets: Forex, Crypto, Stocks, Commodities
Trading Style: Intraday Trading
How the Rejection Block Indicator Works
Bullish Rejection Block Setup
(EUR/USD - 4H Chart)
Price Pullback: Price retraces in an uptrend
Bullish Rejection Block: Green box appears at the correction level
Liquidity Collection: Price gathers liquidity before moving up
Trade Opportunity: Ideal for long entries
Bearish Rejection Block Setup
(USD/CHF - 4H Chart)
Price Pullback: Price retraces in a downtrend
Bearish Rejection Block: Red box appears at the correction level
Liquidity Collection: Price gathers liquidity before moving down
Trade Opportunity: Ideal for short entries
Indicator Settings
Customizable Options:
Display Settings: Adjust on-screen visualization
Color Theme: Switch between light and dark themes
Back Candles Check: Review past candles for rejection areas
Rejection Block Colors: Customize bullish/bearish rejection block colors
Invalid RBs with Close Beyond Zone: Remove invalid rejection blocks
Show Break of Structure (BOS) & Change of Character (ChoCH): Enable/disable trend shift detection
Why Use the Rejection Block Indicator?
Identifies strong rejection zones for high-probability trades
Enhances price action strategies for precise trade execution
Reduces false signals by filtering out weak reversals
Works across multiple timeframes and markets
Optimize your trading with the Rejection Block Indicator and gain an edge in the market!
You can download it from this link:
https://cdn.tradingfinder.com/file/2...4-by-tflab.zip
You can also access the MetaTrader 5 version of this indicator through this page:
For instructions on how to install:
https://www.forexfactory.com/thread/...-in-metatrader
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