OPEN-SOURCE SCRIPT

RB3 DEMO – Rejection Blocks Visual Example

174
This is a simplified demo version of a custom Rejection Block (RB) visual indicator. It identifies potential bullish and bearish rejection zones based purely on candle structure, without using any time-based or algorithmic filters.

🧠 What it does:
• Detects Bullish and Bearish Rejection Blocks using clean price action logic
• Highlights those zones with boxes, optional lines, and labels
• Designed to help traders visually study price rejections and market structure

⚙️ How it works:
• Bullish RB = red candle with a lower low than the previous and next candle
• Bearish RB = green candle with a higher high than the previous and next candle
• No time filters or hidden logic are used — this tool is purely structural

🎯 Best used by:
• Traders who want to visualize potential rejection zones
• Beginners studying price action and structural reversals
• Visual learners who prefer clean chart-based confirmations

✅ This demo does **not** include institutional filters, time anchors (e.g., TRAL‑03), or sequence-based validation.

📌 A more advanced version with time-reactive filtering logic is available privately.
ℹ️ To use: enable "Boxes" and/or "Labels" to highlight rejection blocks clearly. Works on all timeframes.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.