Gold Scalping Indicator MTF | TCMaster

kelmarin

🧠 Overview:
The Scalping Gold Indicator is a multi-condition entry signal tool designed for scalping, especially effective on gold (XAUUSD) and other volatile instruments. It identifies high-probability reversal points based on a combination of:
Keltner Channel touches
RSI reversal detection
Classic candlestick reversal patterns
Volume spike confirmation

This confluence-based approach aims to help traders capture short-term reversals and scalping opportunities with improved accuracy.

🔍 Core Logic:
✅ Buy Signal triggers when:
Price touches or drops below the Keltner Channel lower band
RSI (< 30) starts to reverse upward
A bullish candlestick pattern forms (e.g., Bullish Engulfing, Morning Star, Hammer)
Volume spikes above the highest volume of the last N bars

❌ Sell Signal triggers when:
Price touches or exceeds the Keltner Channel upper band
RSI (> 70) starts to drop downward
A bearish candlestick pattern forms (e.g., Bearish Engulfing, Evening Star, Hanging Man)
Volume spikes above the highest volume of the last N bars

📈 Recommended Timeframes:
Best suited for lower timeframes (e.g. 1m, 5m, 15m)
Automatically adapts internal settings based on chart timeframe

🛠️ How to Use:
Add the indicator to your chart
Use the green triangle for potential buy entries
Use the red triangle for potential sell entries
Combine with your stop-loss/take-profit strategy (e.g., recent swing high/low, or fixed pips)
Optional: Combine with trend filters (e.g., moving averages, higher timeframe bias) for added confirmation

🔔 Pro Tip:
To enhance signal reliability, look for setups where all conditions align within a few candles, especially during periods of volatility (e.g., news releases, session opens).

📜 Disclaimer (for community compliance):
This script is for educational and informational purposes only. It is not financial advice. Always do your own research and use proper risk management.

semalam

Nota Keluaran

📘 Description: Gold Scalping Indicator MTF
The Gold Scalping Indicator MTF is a multi-timeframe reversal detection tool designed for intraday scalping and short-term trading, especially on XAUUSD (Gold). It combines key technical analysis elements, including RSI, Keltner Channel touches, and candlestick reversal patterns such as Bullish/Bearish Engulfing, Morning/Evening Star, Hammer, and Hanging Man.

This indicator helps traders quickly identify potential reversal zones by scanning for confluence between oversold/overbought RSI conditions, Keltner Channel extremes, and candlestick structure.

🔍 New Feature: Customizable Smoothed SMA Trend Filter
A Smoothed Simple Moving Average (SMA) has been added to serve as a trend bias filter. Users can:
Adjust the SMA length (default: 200) to suit different trading styles.
Apply smoothing (default: EMA-based smoothing) to reduce noise and improve clarity.
The SMA line is green when the price is above (bullish bias) and red when the price is below (bearish bias), helping traders visually align reversal signals with the prevailing trend.

⚙️ How to Use
Look for Buy signals when:
Price touches or pierces the lower Keltner Band
RSI rebounds from oversold
A bullish reversal candlestick pattern forms
Price is above the smoothed SMA (optional confirmation)
Look for Sell signals when:
Price touches or exceeds the upper Keltner Band
RSI falls from overbought
A bearish reversal candlestick pattern forms
Price is below the smoothed SMA (optional confirmation)
You can adjust signal sensitivity and trend bias using the built-in input settings.