OPEN-SOURCE SCRIPT
REJECTION DETECTOR
🔥 CTR (Candle Terjepit - Rejection) [DNDFX]
This indicator is specifically designed to detect Rejection Candles, which are moments when the price rejects a certain level and has the potential to form a strong reversal or rapid reaction — an important signal for scalpers and price action traders.
💡 Key Concept:
Rejection is a form of market reaction to areas of liquidity, support-resistance, or order block zones. Candles with long tails and small bodies indicate an imbalance between buyers and sellers, providing an early indication that the price may soon reverse.
⚙️ Key Features
🔍 Automatic Rejection Candle Detection (Buy & Sell)
🧠 Body-to-tail ratio filter for more precise signal validation
🎨 Customizable candle colors and appearance
📊 Suitable for all pairs and timeframes
This indicator is specifically designed to detect Rejection Candles, which are moments when the price rejects a certain level and has the potential to form a strong reversal or rapid reaction — an important signal for scalpers and price action traders.
💡 Key Concept:
Rejection is a form of market reaction to areas of liquidity, support-resistance, or order block zones. Candles with long tails and small bodies indicate an imbalance between buyers and sellers, providing an early indication that the price may soon reverse.
⚙️ Key Features
🔍 Automatic Rejection Candle Detection (Buy & Sell)
🧠 Body-to-tail ratio filter for more precise signal validation
🎨 Customizable candle colors and appearance
📊 Suitable for all pairs and timeframes
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.
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.
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.