Forex Majors 4H Rejection Scanner tracks seven customizable currency pairs on a four-hour timeframe and displays their bias in a table overlay on the main price chart.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Forex Majors 4H Rejection Scanner checks the last two closed four-hour candles for high or low price rejections, labeling a bullish bias when price sweeps below a previous low without closing under it, and a bearish bias when price sweeps above a previous high. Note that security calls use lookahead mode to retrieve four-hour candle data.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Symbol 1
symbol
FX:EURUSD
s1
Symbol 2
symbol
FX:GBPUSD
s2
Symbol 3
symbol
FX:USDJPY
s3
Symbol 4
symbol
FX:USDCAD
s4
Symbol 5
symbol
FX:AUDUSD
s5
Symbol 6
symbol
FX:NZDUSD
s6
Symbol 7
symbol
FX:USDCHF
s7
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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