Multi Stoch + VWAP Heatmap + Histogram + Scalping

This indicator was developed by referencing various indicators from many contributors. I apologize that I cannot identify all the original authors due to the numerous sources referenced. Thank you to everyone who contributed to the trading community.

Important Notice: Please use this indicator with sufficient caution and proper risk management. I do not assume any responsibility for any losses incurred from using this indicator. Trade at your own risk.

Alternative version:

Acknowledgment & Disclaimer:

This indicator incorporates ideas and concepts from numerous community indicators. I sincerely apologize for not being able to properly credit all the original creators due to the extensive references used. My heartfelt gratitude goes out to all the talented developers in the trading community.

Risk Warning: Please exercise extreme caution when using this indicator. All trading involves substantial risk of loss, and I accept no liability for any financial losses that may result from the use of this indicator. Always implement proper risk management and trade responsibly.
Multi Stoch + VWAP Heatmap + Histogram + Scalping Usage Guide
🔧 Basic Settings
Parameter Settings (Recommended for XAU/USD)

Fast Stoch Length: 5 # Ultra-short term trend

Medium Stoch Length: 14 # Short term trend

Slow Stoch Length: 21 # Medium term trend

%K Smoothing: 2 # High sensitivity setting

%D Smoothing: 2 # High sensitivity setting

Overbought Level: 75 # Sell zone

Oversold Level: 25 # Buy zone

📈 Reading the Chart
1. Histogram (Background Bar Chart)

Green tones: Strong uptrend
Red tones: Strong downtrend
Gray: Trendless/neutral

2. Line Display

Blue lines: Ultra-short term Stochastic (K1/D1)
Orange lines: Short term Stochastic (K2/D2)
Purple lines: Medium term Stochastic (K3/D3)
Yellow line: VWAP (normalized)

3. Horizontal Lines

Upper line (75): Sell zone
Center line (50): Neutral line
Lower line (25): Buy zone

🎯 Signal Types and Meanings
Scalping Signals (● marks)

Green ● (bottom): 📈 Scalp buy entry
RSI(7) < 25 + K1 < 30 combination
VWAP bounce targeting
Red ● (top): 📉 Scalp sell entry
RSI(7) > 75 + K1 > 70 combination
VWAP rejection targeting

Main Trend Signals

▲ (large, green): 💪 Strong buy signal - Multiple conditions aligned
▼ (large, red): 💪 Strong sell signal - Multiple conditions aligned
△ (medium, green): 📈 Normal buy signal
▽ (medium, orange): 📉 Normal sell signal

Warning/Reversal Signals

▼ (pink): ⚠️ Sell warning - Trend reversal caution
△ (teal): ⚠️ Buy warning - Trend reversal caution

Cross Signals (● marks, positioned up/down)

Green ● (bottom): Histogram crosses above VWAP
Red ● (top): Histogram crosses below VWAP

🚀 Practical Usage
Scalping Strategy (1-5 minute charts recommended)

Entry: Enter on green ● or red ● signals
Take Profit: At opposite zone or next ● signal
Stop Loss: Around 10-15 pips (for gold)
Time Session: London-NY overlap optimal

Swing Trading Strategy (15min-1hour charts)

Entry: Strong ▲▼ signals
Take Profit: Opposite warning signals (▼△)
Stop Loss: VWAP reverse break or 30-50 pips

Day Trading Strategy (5-15 minute charts)

Trend Confirmation: Histogram color
Entry: △▽ signals
Take Profit: Opposite zone reached
Stop Loss: 20-30 pips

⚡ XAU/USD Specific Usage
Session-Based Strategy

Tokyo Session (9-15 JST): Wait and see, small scalps
London Session (16-24 JST): Main trading
NY Session (22-6 JST): Most active, all signals valid

Major News Events

Pre-announcement: Reduce positions
Post-announcement: Trend following with ● signals

🔍 Filter Functions
ATR Filter

Small price movements filtered as noise
Signals only on significant price moves

Time Filter

Strong signals only during high volatility sessions
Weaker signals during low volatility periods

Consecutive Signal Prevention

Duplicate signals within 2 bars filtered out
Prevents noise trading

⚙️ Settings Customization
For Aggressive Trading

Signal Cooldown: 1 # More frequent signals

ATR Length: 5 # More sensitive filter

For Conservative Trading

Signal Cooldown: 5 # Relaxed signals

ATR Length: 20 # Stricter filter

Overbought: 80 # More extreme levels

Oversold: 20

📱 Recommended Alert Settings

Strong Buy/Sell Signal: Priority ★★★
Scalping Buy/Sell Signal: Priority ★★☆
Reverse Warning: Priority ★★★ (for position management)

⚠️ Important Notes

Scalping requires quick decision-making
Multiple timeframe confirmation recommended
Exercise caution during major news events
Risk management is top priority

This indicator is a versatile multi-functional tool suitable for short to medium-term trading strategies!
🎓 Trading Examples
Scalping Example

Wait for green ● at oversold level (below 30)
Enter long position immediately
Target: 50 level or red ● signal
Stop: Below recent swing low

Day Trading Example

Histogram turns green (bullish trend)
Wait for △ buy signal near support
Target: Overbought level (75)
Exit: Warning signal ▼ appears

Risk Management Rules

Never risk more than 2% per trade
Use proper position sizing
Set stops before entry
Take partial profits at key levels

This comprehensive guide will help you maximize the potential of this advanced multi-timeframe indicator!