OPEN-SOURCE SCRIPT
Kale Rejection Blocks - John 3:16
Automatically marks rejection blocks — the wick-rejection zones at swing highs and lows where price tends to react. Red blocks above price are bearish rejection zones; teal blocks below are bullish. A block flashes RB TAP when price first enters it (alert condition included) and deletes itself once a body closes through — so only live, relevant zones stay on the chart. Detection: at each confirmed swing point, the pivot candle qualifies when its rejection wick is at least 0.35 of the candle range AND 0.30 x ATR(14) — both adjustable. Also includes an optional ZigZag structure line and 50% midlines for each block. Built for Kale. John 3:16.
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.