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Price Rejector Pro is an add-in for selected trading platforms and available on a monthly subscription. You can also select to license it as part of emoji trading Order Flow Suite of 14 indicators.
At the session high, we’ve run out of buyers. We can see that the buyers have less power than sellers and that aggressive sellers are entering the market.
If this phrase makes it clear that we’ve found a low risk entry level for a short trade, you will love Price Rejector Pro. This powerful indicator analyses Aggression, Absorption and Exhaustion in combination to highlight low risk reversal points where stops can be placed 3-5 ticks away from entry levels.
Price Rejector levels are identified in real-time. As well as seeing visual indications of the absorption price levels, the price level and order flow quality state are made available to your trading platform programatically to support alerts and automated trading.
By using emoji Advanced Lookback Analysis you can further filter these levels using price and time, for example to only highlight Price Rejector opportunities that occur within a user-defined number of ticks of the current session high or low or a rolling time window since the start of the session. For example, you can apply Price Rejector to a 6 tick reversal chart and select to only highlight Price Rejector opportunities that are within 2 ticks of the high or low price of a 30 minute bar without needing to set up a 30 minute chart. This approach can be a great way to trade Market Profile rotations.
Flexible filtering using price and time
Qualify levels that will hold or break
Trade the auction within the auction
*Pullback Analysis is available for Sierra Chart only.
Price Rejector Pro is available for: