Rejection Block ShowMe
Rejection Block ShowMe marks the exact bars where wick rejection signals fire, plotting colored dots with data annotations that give you immediate quality metrics for each rejection. Green dots appear below bullish rejection candles (long lower wick — buying rejection). Red dots appear above bearish rejection candles (long upper wick — selling rejection). Each dot includes the wick ratio and wick ATR multiple so you can instantly assess rejection quality.
- ●Green dots BELOW the bar mark bullish rejections — candles with long lower wicks where institutions rejected lower prices
- ●Red dots ABOVE the bar mark bearish rejections — candles with long upper wicks where institutions rejected higher prices
- ●Wick Ratio label (WR) shows the wick as a percentage of total candle range — higher values mean more dominant wicks (0.70 = wick is 70% of the bar)
- ●Wick ATR label (WA) shows the wick size as a multiple of the 14-bar ATR — higher values mean the rejection has larger absolute significance (1.2 = wick is 1.2x the ATR)
- ●ShowWickRatio and ShowWickATR inputs let you toggle each data annotation on or off for a cleaner chart view
- ●DotOffset (default 0.3 ATR) controls dot placement distance from the price bar for readability
- ●Uses the same dual-filter detection as the chart indicator — MinWickRatio and MinWickATR both must pass
The most powerful rejection signals combine a high wick ratio (0.65+) with a high ATR multiple (0.75+). These represent candles where the wick massively dominates the range AND the rejection was significant relative to recent volatility. Low wick ratio or low ATR signals are weaker and more likely to see the zone fail on retest.
All signals are guaranteed non-repainting. Once a dot plots on a completed bar, it will never disappear.
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Part of the Rejection Block Bundle
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Who This Is For
Rejection Block ShowMe is designed for traders who want objective, quantified metrics at every rejection signal. Instead of eyeballing wick quality, you get exact numbers that tell you how dominant the wick was and how significant the rejection was relative to recent volatility.
Layer this study on top of the Rejection Block chart indicator to see both the zones and the rejection metrics together. The chart indicator shows where rejection zones are, and the ShowMe dots tell you how strong the original rejection candle was — so you can prioritize zones created by the strongest rejections.
Use it on 1-minute to 15-minute charts for intraday rejection trading. Focus on signals where WR is above 0.65 and WA is above 0.75 — these represent the most dramatic institutional rejections. Ignore signals with marginal metrics near the filter thresholds — they are borderline and more likely to fail.
Works on any liquid market. Best results on index futures, large-cap stocks, and ETFs where wick rejection patterns reflect genuine institutional defense rather than thin-market noise.
See It in Action
Example chart showing Rejection Block ShowMe on a live trading session
Installation Guide
Step 1: Download the indicator file
After purchasing, you will receive a download link via email. Click the link and save the rejection-block-showme.eld file to your computer. Save it somewhere easy to find like your Desktop or Downloads folder.
Step 2: Open the Import Wizard
Open TradeStation. Click the File menu in the top-left corner, then select Import/Export EasyLanguage to launch the Import/Export Wizard.
Step 3: Select the import type
In the Import/Export Wizard, select "Import EasyLanguage file (ELD, ELS or ELA)" from the list. Click Next to continue.
Step 4: Browse for the file
Click the Browse button to open a file browser where you can locate your downloaded .ELD file.
Step 5: Select and open the file
Navigate to the folder where you saved the .ELD file. Select rejection-block-showme.eld and click Open. The file name shown may differ from the screenshot — look for your downloaded indicator file.
Step 6: Open the Studies menu
On your chart, click the Studies dropdown in the toolbar and select Add Study.
Step 7: Select the ShowMe study
In the Add Studies dialog, click the ShowMe tab on the left side. Find "!IndHub-SM_RejBlock_v1" in the list, select it, and click OK to apply.
Step 8: Configure settings (optional)
Right-click anywhere on the chart, go to Studies > Edit Studies..., select the indicator, and click the Inputs tab. Key inputs: MinWickRatio (default 0.5), MinWickATR (default 0.5), ShowWickRatio (default true, displays WR label), ShowWickATR (default true, displays WA label), DotOffset (default 0.3 ATR). For dot appearance, go to the Plots tab and set the plot style to Point with your preferred weight.
Common Issues
The wick ratio and ATR text labels are cluttering my chart and overlapping.
Text objects accumulate as new rejection signals fire. Remove and re-apply the study to clear old labels. Set ShowWickRatio or ShowWickATR to false to reduce label density. You can also increase both filter thresholds to reduce the total number of signals. Adjust DotOffset to position labels further from bars if they overlap with candlesticks.
I see dots but the wick metrics are near the minimum thresholds. Are these good signals?
Signals near the filter thresholds are borderline rejections. The strongest signals have WR above 0.65 and WA above 0.75 — these represent dramatic wicks that clearly dominate the candle. If most of your signals are marginal, consider raising MinWickRatio and MinWickATR to 0.6 and 0.6 respectively to only see the highest-quality rejections.
Can I use the ShowMe without the main chart indicator?
Yes. The ShowMe calculates its own rejection detection internally and works independently. However, using it alongside the chart indicator gives you the full picture: the chart indicator shows the rejection zone boundaries and midpoint, and the ShowMe marks the exact rejection bars with quality metrics so you can prioritize the strongest zones.
For additional help, contact support.