Summary of 📈Rejection Block + Void Indicator for MT4/5-FreeDownload - [TradingFinder]📈
The video presents a tutorial on the Rejection Block Indicator for MetaTrader 4 and 5, available for download on the Trading Finder website. The indicator is designed to help traders identify rejection blocks on their charts, which can indicate potential market reversals.
Main Financial Strategies and Features:
- Rejection Blocks: The indicator distinguishes between bearish and bullish rejection blocks, with bearish blocks displayed in brown and bullish blocks in green.
- Usage Percentage: It shows the percentage of rejection blocks that have been consumed, which can help traders assess market strength or weakness.
- customization options: Users can customize the appearance of the indicator with themes (dark, light, auto) and adjust various display settings.
Methodology/Step-by-Step Guide:
- Download the Indicator: Obtain the Rejection Block Indicator file from the Trading Finder website.
- Install the Indicator:
- Go to the Navigator section in MetaTrader.
- Drag the indicator file onto the chart.
- Ensure the "Allow DLL Imports" option is checked in the Common tab.
- Click "OK" to apply the indicator.
- Adjust Settings:
- Choose display settings (dark, light, auto).
- Set the number of candles for calculating rejection blocks.
- Enable or disable various features like break of structure and character changes.
- Control the visibility of major zigzag lines and new versus old rejection blocks.
The video concludes by inviting viewers to share their comments and suggestions regarding the indicator.
Presenters/Sources:
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Category
Business and Finance