OPEN-SOURCE SCRIPT
ICT Rejection Block [KTY]
ICT Rejection Block Indicator
[ Overview ]
This indicator automatically detects and displays Rejection Blocks based on ICT (Inner Circle Trader) methodology.
Rejection Blocks are price zones formed by candles with long wicks, indicating strong buying or selling rejection at that level.
[ Key Features ]
Automatic Detection
- Identifies candles with significant wick-to-body ratio
- Rejection High (Red): Long upper wick showing buying pressure rejected
- Rejection Low (Green): Long lower wick showing selling pressure rejected
Multi-Timeframe Support
- Display rejection blocks from two different timeframes simultaneously (LTF & HTF)
- HTF rejection blocks carry more significance
[ How to Use ]
1. Identify rejection blocks on your chart
2. Watch for price reaction when re-entering the rejection zone
3. Combine with Order Block, FVG, or Market Structure for confluence
4. Use rejection block levels as reference for stop-loss placement
Pro Tips:
- HTF rejection blocks (1H+) are more reliable
- Rejection block aligned with OB or FVG increases significance
- Multiple rejection blocks at similar levels indicate strong S/R zone
[ Settings ]
LTF: Enable and select lower timeframe
HTF: Enable and select higher timeframe
Rejection Block Count: Number of rejection blocks to display per type
Colors: Customize colors for rejection high and low
Show Mitigated Rejection Blocks: Display broken zones in gray
[ Alerts ]
Rejection High Detected
Rejection Low Detected
Rejection High Mitigated
Rejection Low Mitigated
[ Notes ]
This indicator is designed for educational purposes.
Rejection blocks do not guarantee price reversal.
Always combine with proper risk management.
If you find this indicator helpful, please leave a like and follow for more ICT-based tools!
[ Overview ]
This indicator automatically detects and displays Rejection Blocks based on ICT (Inner Circle Trader) methodology.
Rejection Blocks are price zones formed by candles with long wicks, indicating strong buying or selling rejection at that level.
[ Key Features ]
Automatic Detection
- Identifies candles with significant wick-to-body ratio
- Rejection High (Red): Long upper wick showing buying pressure rejected
- Rejection Low (Green): Long lower wick showing selling pressure rejected
Multi-Timeframe Support
- Display rejection blocks from two different timeframes simultaneously (LTF & HTF)
- HTF rejection blocks carry more significance
[ How to Use ]
1. Identify rejection blocks on your chart
2. Watch for price reaction when re-entering the rejection zone
3. Combine with Order Block, FVG, or Market Structure for confluence
4. Use rejection block levels as reference for stop-loss placement
Pro Tips:
- HTF rejection blocks (1H+) are more reliable
- Rejection block aligned with OB or FVG increases significance
- Multiple rejection blocks at similar levels indicate strong S/R zone
[ Settings ]
LTF: Enable and select lower timeframe
HTF: Enable and select higher timeframe
Rejection Block Count: Number of rejection blocks to display per type
Colors: Customize colors for rejection high and low
Show Mitigated Rejection Blocks: Display broken zones in gray
[ Alerts ]
Rejection High Detected
Rejection Low Detected
Rejection High Mitigated
Rejection Low Mitigated
[ Notes ]
This indicator is designed for educational purposes.
Rejection blocks do not guarantee price reversal.
Always combine with proper risk management.
If you find this indicator helpful, please leave a like and follow for more ICT-based tools!
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.