OPEN-SOURCE SCRIPT
已更新 10am Open + Rejection Blocks
❤︎ 10am Open + Rejection Blocks
This indicator is based on the 10am opening line concept inspired by Powell’s strategy.
The idea is that the new 4-hour opening candle at 10:00 AM often creates a manipulation wick. The opposite side of that manipulation can then be treated as potential continuation.
Core Logic
Manipulation Threshold
The wick threshold lets you define how large a wick must be to qualify as manipulation.
I have found that 12.5 points or greater can be a useful qualifier.
If the wick is smaller than the threshold, the opposing side may be considered the manipulation instead. In that case, traders can wait for price to reclaim the 10am line using a rejection block.
Bullish Rejection Block
Bearish Rejection Block
Display Options
This tool is intended for visual study and backtesting support. It does not provide financial advice or guaranteed trade signals.
This indicator is based on the 10am opening line concept inspired by Powell’s strategy.
The idea is that the new 4-hour opening candle at 10:00 AM often creates a manipulation wick. The opposite side of that manipulation can then be treated as potential continuation.
Core Logic
- Plots the 10:00 AM opening line
- Measures the opposite-side wick from the 10am open
- Allows a custom wick-size threshold in points
- Highlights when the wick meets the manipulation threshold
- Detects 5-minute rejection blocks around the 10am line
Manipulation Threshold
The wick threshold lets you define how large a wick must be to qualify as manipulation.
I have found that 12.5 points or greater can be a useful qualifier.
If the wick is smaller than the threshold, the opposing side may be considered the manipulation instead. In that case, traders can wait for price to reclaim the 10am line using a rejection block.
Bullish Rejection Block
- 5-minute candle closes bullish
- Opens at or above the 10am line
- Wicks below the line
- Closes back above the line
- The lower wick forms the rejection block
Bearish Rejection Block
- 5-minute candle closes bearish
- Opens at or below the 10am line
- Wicks above the line
- Closes back below the line
- The upper wick forms the rejection block
Display Options
- Show or hide the 10am opening line
- Show all rejection blocks
- Show only the first bullish and first bearish rejection block
- Customize colors, labels, line style, and extension length
This tool is intended for visual study and backtesting support. It does not provide financial advice or guaranteed trade signals.
發行說明
Updated chart presentation per TradingView moderator guidance.• Organized the settings to make them easier to navigate.
• Added a customizable cutoff time for Rejection Blocks.
• Added separate label size controls for the 10 AM line and wick label.
• A few small quality-of-life improvements.
發行說明
🔄 What's New- Fixed a higher-timeframe display bug. Rejection Blocks now display only on their selected timeframe and below.
- Added an optional Require Candle Color qualifier, allowing users to choose whether bullish RBs must close green and bearish RBs must close red.
- Added Doji Handling with options to exclude dojis or classify the larger rejection wick as the RB direction.
- Added an optional Wick Filter requiring the rejection wick to be larger than the candle body.
- Updated the 4-hour manipulation wick label to automatically stop displaying after the 4-hour candle closure.
- Reorganized and simplified settings for a cleaner, more intuitive interface.
- Added tooltips throughout the indicator to better explain settings and qualifiers.
開源腳本
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。