MTF Rejection Blocks & FVGs 2.0
Rejection Blocks HTF + STDV
Rejection Blocks HTF + STDV automatically finds rejection blocks (RBs) across multiple timeframes, plots them on any chart, and projects standard deviation targets from each one. You can watch 1min through Daily rejection levels on a single chart, color-coded by timeframe.
What it does
Rejection block detection. The indicator scans each selected timeframe for candles with a large wick that swept the previous candle’s high or low. That wick zone is the rejection block. For each one it draws:
a shaded box over the wick zone
a dashed line at the CE (consequent encroachment, the 50% midpoint of the wick)
a colored label at the right edge showing the timeframe (e.g. RB 15min, RB 1hr)
Standard deviation projections. From each RB, it projects STDV levels as multiples of the block’s range:
Bearish RB (upper wick): levels project downward (-1, -2, -2.5, -4)
Bullish RB (lower wick): levels project upward (+1, +2, +2.5, +4)
Each level is a dotted line with a label, so you can use them as potential reaction or target zones. You choose the multiples yourself, and you can measure from the wick zone only or the full candle range.
Automatic invalidation. Once price closes beyond the CE or touches it, the RB and its STDV levels are removed. This keeps the chart limited to untested levels.
Opening prices (optional). It can plot up to five session opens, such as Midnight, 9:30, and 10:00, as dotted lines you can customize.
Key features
10 selectable timeframes: 1, 2, 3, 4, 5, 15, 30 min, 1hr, 4hr, and 1D
Works from lower and higher timeframes on any chart (for example, 1min RBs on a 4h chart)
Custom color for each timeframe
Adjustable wick-size threshold to control how strict RB detection is
Limits for the maximum RBs per timeframe and side, and the lookback in bars
Choice to invalidate on close beyond CE, on CE touch, or both
Option to show STDV levels only for the newest RBs, to reduce clutter
How to use it
Turn on the timeframes you trade, for example 5min, 15min, 30min, and 1hr.
Look for price reacting at an RB’s CE line or wick zone.
Use the STDV levels as targets or reaction zones from that block.
If a block is invalidated and disappears, treat that level as no longer active.
Tips
If the chart is too busy, lower Maximum RBs per timeframe and side or turn off the 1min RB.
Raise Min wick size for fewer, cleaner blocks, or lower it for more.
Increase Latest RBs with STDV if you want projections on more than the newest block.
Disclaimer
This indicator is a charting tool only. It is not financial advice and does not guarantee results. Trade at your own risk.
Rejection Blocks HTF + STDV automatically finds rejection blocks (RBs) across multiple timeframes, plots them on any chart, and projects standard deviation targets from each one. You can watch 1min through Daily rejection levels on a single chart, color-coded by timeframe.
What it does
Rejection block detection. The indicator scans each selected timeframe for candles with a large wick that swept the previous candle’s high or low. That wick zone is the rejection block. For each one it draws:
a shaded box over the wick zone
a dashed line at the CE (consequent encroachment, the 50% midpoint of the wick)
a colored label at the right edge showing the timeframe (e.g. RB 15min, RB 1hr)
Standard deviation projections. From each RB, it projects STDV levels as multiples of the block’s range:
Bearish RB (upper wick): levels project downward (-1, -2, -2.5, -4)
Bullish RB (lower wick): levels project upward (+1, +2, +2.5, +4)
Each level is a dotted line with a label, so you can use them as potential reaction or target zones. You choose the multiples yourself, and you can measure from the wick zone only or the full candle range.
Automatic invalidation. Once price closes beyond the CE or touches it, the RB and its STDV levels are removed. This keeps the chart limited to untested levels.
Opening prices (optional). It can plot up to five session opens, such as Midnight, 9:30, and 10:00, as dotted lines you can customize.
Key features
10 selectable timeframes: 1, 2, 3, 4, 5, 15, 30 min, 1hr, 4hr, and 1D
Works from lower and higher timeframes on any chart (for example, 1min RBs on a 4h chart)
Custom color for each timeframe
Adjustable wick-size threshold to control how strict RB detection is
Limits for the maximum RBs per timeframe and side, and the lookback in bars
Choice to invalidate on close beyond CE, on CE touch, or both
Option to show STDV levels only for the newest RBs, to reduce clutter
How to use it
Turn on the timeframes you trade, for example 5min, 15min, 30min, and 1hr.
Look for price reacting at an RB’s CE line or wick zone.
Use the STDV levels as targets or reaction zones from that block.
If a block is invalidated and disappears, treat that level as no longer active.
Tips
If the chart is too busy, lower Maximum RBs per timeframe and side or turn off the 1min RB.
Raise Min wick size for fewer, cleaner blocks, or lower it for more.
Increase Latest RBs with STDV if you want projections on more than the newest block.
Disclaimer
This indicator is a charting tool only. It is not financial advice and does not guarantee results. Trade at your own risk.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.