Enhanced Gold Strategy (15M)

Enhanced Gold Trading Strategy (15M)
This Pine Script strategy is designed for gold trading on a 15-minute timeframe, optimizing trend and momentum signals for high-probability trades. It incorporates multiple technical indicators to filter out false signals and improve trade accuracy.

Key Features:
✅ Moving Average Crossovers – Uses a 20-period short MA and 50-period long MA to identify trend shifts.
✅ Relative Strength Index (RSI) – Helps confirm overbought and oversold conditions to time entries better.
✅ Bollinger Bands Expansion – Ensures trades occur only in high-volatility market conditions.
✅ ADX Trend Strength Filter – Filters out trades in weak or choppy markets by requiring a trend strength above 20.
✅ Dynamic Support & Resistance – Uses the last 50-period high/low levels instead of static price levels.
✅ ATR-Based Stop-Loss & Take-Profit – Adapts dynamically to market conditions for optimal risk management.
✅ London/New York Overlap Filter – Restricts trading to the most liquid market hours (1 PM - 4 PM GMT).

Trading Logic:
Long Entry:

Short MA crosses above Long MA (Bullish crossover).
RSI below oversold level (Potential reversal).
Bollinger Bands expansion (Confirming strong momentum).
Price near dynamic support level (Ensuring a key level is respected).
ADX above 20 (Validating a strong trend).
Short Entry:

Short MA crosses below Long MA (Bearish crossover).
RSI above overbought level (Potential reversal).
Bollinger Bands expansion (Confirming strong momentum).
Price near dynamic resistance level (Ensuring a key level is respected).
ADX above 20 (Validating a strong trend).
This strategy is built for high-probability gold trades by combining trend-following, momentum, and volatility factors. With adaptive risk management, it ensures controlled losses and optimized profit potential.