Price Rejector

From: $19.99 / month

Capitalise on reversal opportunities highlighted by changes in supply and demand

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Price Rejector is an indicator that considers the most basic concepts of supply and demand:

  • as the price of an item rises higher, fewer people will be willing to buy it it
  • as the price of an item falls lower, fewer people will be willing to sell it

It follows that if we have a lack of sellers and an excess of buyers, price must rise and if we have a lack of buyers and an excess of sellers, price must fall.

Price Rejector is a powerful Order Flow tool for Sierra Chart that applies these basic concepts to trading and indicates when volume is falling at a price extreme as price rises or falls and this rise or fall is met by strong opposing selling or buying. It can be used on Numbers Bars and other chart types including bar, candlestick, Renko and Heiken Ashi and allows the trader to quickly assess potential for a low risk entry without the need to analyse the traded volume detail within Numbers Bars.

Price Rejector may be licensed for Sierra Chart on a Lifetime, 1-month or 3-month basis, or as part of the complete Emoji Trading Order Flow Suite. Licences include all indicator updates and enhancements during the license period.


Input Name Description
Imbalance % The percentage level used for diagonal bid/ask volume imbalance calculations.
Bid/Ask Minimum Volume Compare Threshold This value sets the minimum value required for Bid/Ask Volume comparisons. If the Bid and Ask Volumes that are being compared are both less than the threshold, then the compare is not performed.
Lookback Period If set to a value greater than 0, indications will not be displayed unless the current bar’s high (or low) is greater than (or less than) or equal to the highest high (or lowest low) within the lookback period.
EmojiZone Mode Please refer to this link for EmojiZone documentation.
Select whether the EmojiZone is set to: Disabled, Fixed Projection, Extend Until Future Intersection or Dynamic Support/Resistance Display.
EmojiZone Fixed Projection Distance Specifies the number of bars from the current bar that a Fixed Projection EmojiZone will be drawn.
EmojiZone Extension Line Label Specifies the line label (can be left blank) for an Extend Until Future Intersection EmojiZone line.
EmojiZone Dynamic Break Threshold When using a Dynamic Support/Resistance Display EmojiZone, this input sets the number of ticks by which the zone can be breached without it being regarded as having broken.
EmojiZone Dynamic Evaluation Levels If set to 0, every current EmojiZone is evaluated at each study calculation. To reduce processing time, a non-zero value will limit calculation to the nearest n EmojiZones to the current price where n is the value entered in this setting.
Symbol Offset (Ticks) Specifies the indicator’s display position above/below the current bar.

Use the Color, Width/Size and Transparency Level for Fill Styles inputs to customise the appearance of this indicator’s EmojiZones. Please refer to this link for the EmojiZone documentation.

Subgraph ID Subgraph Description
SG1 Price Rejector Condition Evaluates to 1 when a buying condition occurs, -1 when a selling condition occurs, 0 otherwise.
SG2 Price Rejector Symbol The symbol used to indicate a Price Rejector Condition
SG3 Price Rejector Bid Volume Zone High Price The highest bid price at which the Price Rejector condition occurred
SG4 Price Rejector Bid Volume Zone Low Price The lowest bid price at which the Price Rejector condition occurred
SG5 Price Rejector Bid Drawing Top Use in conjunction with SG6 to highlight the highest and lowest Price Rejector bid price levels. Follow this link for the Sierra Chart Notes about Top and Bottom Draw Style Pairs.
SG6 Price Rejector Bid Drawing Bottom Use in conjunction with SG5 to highlight the highest and lowest Price Rejector bid price levels. Follow this link for the Sierra Chart Notes about Top and Bottom Draw Style Pairs.
SG7 Price Rejector Ask Volume Zone High Price The highest ask price at which the Price Rejector condition occurred
SG8 Price Rejector Ask Volume Zone Low Price The lowest ask price at which the Price Rejector condition occurred
SG9 Price Rejector Ask Drawing Top Use in conjunction with SG10 to highlight the highest and lowest Price Rejector ask price levels. Follow this link for the Sierra Chart Notes about Top and Bottom Draw Style Pairs.
SG10 Price Rejector Ask Drawing Bottom Use in conjunction with SG9 to highlight the highest and lowest Price Rejector ask price levels. Follow this link for the Sierra Chart Notes about Top and Bottom Draw Style Pairs.
SG11EmojiZone Properties