Smooth Rejection - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
In short, "deny" is:
The rejection indicator measures and displays the bullish or bearish pressure associated with each price candlestick in the form of a curve.
Compared to price, it is more relevant and provides valuable information about traders' feelings and confidence about the market.
This version can be smoothed using one of 4 basic average types.
Color choice depends on:
Since the Exclusion metric is not limited to a known range, the levels are dynamic - as is the "zero" value. This makes it more responsive during periods of heightened volatility. Trigger alerts based on color changes.
Attachment download
📎 smoothed_repulse_2.mq5 (21.49 KB)
Source: MQL5 #17158
Smooth Rejection - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Smooth Rejection - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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