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 β an important signal for scalpers and price action traders.
π‘ 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.
π
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Simple Forex Tools
Indicator REJECTION DETECTOR for TradingView.rar
4.1 MB
GORILLA MHE EA V10 @simpleforextools.ex4
75.4 KB
MHE means Multi Hedge.
It has four Strategies.
When target is reached EA stops trading.
π
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This tool detects potential liquidation-driven reversals by combining z-score analysis of up/down volume with the classic Supertrend. It watches for abnormal surges in directional volume (on a lower timeframe) and links them to trend flips on the main chart. When both align within a short window, it flags a probable reversal caused by forced liquidations. The goal is to help traders identify exhaustion points where aggressive liquidation moves may mark the end of a trend leg.
The logic revolves around Z-score normalization of up and down volume to locate statistical extremes. When up-volume z-scores exceed a threshold during a bearish Supertrend, it implies trapped shorts being squeezed; the opposite applies for long liquidations. The script tracks these liquidation spikes and monitors whether a Supertrend regime change follows soon after. If confirmed within the allowed timeout, a colored signal marks the event.
In essence:
This pairing reduces false positives by ensuring that both volatility structure and order-flow extremes agree before flagging a reversal.
π
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β€6
Simple Forex Tools
Indicator_Liquidation_Reversal_Signals_AlgoAlpha_for_TradingView.rar
5.1 MB
π
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β€4
Simple Forex Tools
Indicator AI Cody Maverick for TradingView.rar
4.1 MB
β€5
Ryukai Scalper provides a structured approach to Gold trading with focus on precision and adaptability in different market conditions.
π
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β€7π1
Simple Forex Tools
Ryukai Scalper MT4 V4.rar
24.3 KB
π€13β€7
With its focus on breakout trading, Goldbot One leverages both support and resistance levels to identify prime trading opportunities.
This expert advisor is crafted for traders who seek efficiency, reliability, and a strategic edge in the volatile precious metals market.
https://www.worldtimeserver.com/ to the "allowed URL's" in your MT4/MT5 terminal (tools -> options -> expert advisors)
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β€5
Simple Forex Tools
Goldbot One MT4 V1.6.rar
182.8 KB
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