OPEN-SOURCE SCRIPT
Updated Relic Trades - LOD/HOD Rejection Block PDA
Relic Trades - LOD/HOD Rejection Block PDA
Marks weekly open bias, 1A liquidity pivots, and auto-detects displacement/rejection blocks beyond that liquidity. Draws a fib zone (0.25-0.5) across the block and a quadrant refinement line inside it. Fires a buy signal when price taps the long-side quadrant with a bullish confirmation candle, and a sell signal on the mirrored short-side setup.
Inputs let you tune pivot lookback, displacement candle size, fib zone bounds, and quadrant split to match your own read of a rejection block.
Note: the short-side logic is a structural mirror of the long-side rules and has not been independently validated - backtest before relying on it. This is a discretionary-structure aid, not a standalone automated strategy; use it alongside your own confirmation criteria and risk management.
Marks weekly open bias, 1A liquidity pivots, and auto-detects displacement/rejection blocks beyond that liquidity. Draws a fib zone (0.25-0.5) across the block and a quadrant refinement line inside it. Fires a buy signal when price taps the long-side quadrant with a bullish confirmation candle, and a sell signal on the mirrored short-side setup.
Inputs let you tune pivot lookback, displacement candle size, fib zone bounds, and quadrant split to match your own read of a rejection block.
Note: the short-side logic is a structural mirror of the long-side rules and has not been independently validated - backtest before relying on it. This is a discretionary-structure aid, not a standalone automated strategy; use it alongside your own confirmation criteria and risk management.
Release Notes
The chart was displaying the wrong indicator for some reason , Release Notes
After some tweaking, please let me know how you enjoy the new updates !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.