INKY Rejection Blocks - Current Zones

Bullish and Bearish block colors with adjustable opacity.

Border visibility, border width, and 50% midline display toggles.

Label size customization for optimal chart clarity.

⚙️ How the Indicator Works:

Swing Detection: Identifies significant highs and lows based on pivot structures.

Rejection Filtering: Confirms strong rejections with wick-to-body ratio validation.

Block Creation: Highlights bullish or bearish rejection zones with customizable visuals.

Midline Plotting: (Optional) Marks the 50% midpoint of the block for entry targeting.

Mitigation and Cleanup: Blocks are deleted automatically when their structure is invalidated, maintaining a clean and accurate chart view.

🎯 How to Use It:

Identify Reaction Zones: Use rejection blocks as potential areas for price reversals or consolidations.

Plan Trade Entries: Monitor retests of the block boundaries or 50% lines for precision entries.

Manage Risk: If price closes beyond the block, treat it as a potential invalidation or Change in State of Delivery (CISD) event.