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Gold Scalping Grid Zones [CongTrader]📜 Overview Gold Scalping Grid Zones is a professional trading tool designed for XAUUSD scalpers & day traders. It automatically detects key Buy/Sell zones based on pivot points and projects future breakout targets using ATR. This all-in-one indicator combines: Dynamic Grid Trading Zones from recent highs/lows Future Price Forecast Zones for breakout targeting EMA + RSI filtering for higher signal accuracy Unified Buy/Sell alert system optimized for fast execution ✨ Key Features Automatic Buy/Sell grid zones based on recent pivots Breakout target forecasting using ATR multipliers Smart signal filtering BUY: Price above EMA 200 + RSI oversold SELL: Price below EMA 200 + RSI overbought Unified single alert for both BUY and SELL triggers Auto-clean chart – keeps only the latest signal label Fully customizable: grid step, zone thickness, ATR multiplier, EMA, RSI... 📈 How to Use Add to Chart Apply to XAUUSD chart (best performance on M5 – H1). Adjust Parameters Grid Step: Distance between zones (default: $2.0) Zone Thickness: Visual width of zones ATR Multiplier: Distance for forecast zones EMA Length & RSI Levels: Fine-tune signal filtering Read the Zones & Signals Green Zones → Demand areas (Buy) Red Zones → Supply areas (Sell) Forecast BUY/SELL labels → Next breakout target BUY/SELL signal labels → Confirmed trade setups based on EMA + RSI filters Set Alerts Click the Alert (🔔) icon in TradingView Condition: "Gold Trade Signal" Choose “Once per bar close” (fewer alerts) or “Once per bar” (scalping mode) Phone alert example: Gold Trade Signal: BUY or SELL triggered ⚠️ Disclaimer This is NOT financial advice. Always combine with your own analysis, risk management, and stop loss. Past performance does not guarantee future results. Trading gold with leverage carries high risk. 💡 Pro Tip: Combine this indicator with candlestick patterns, volume analysis, and higher timeframe trend confirmation to maximize accuracy. Fewer resistance/support zones ahead = stronger breakout potential. 🙏 Thank You Thank you for using Gold Scalping Grid Zones . If you find this indicator helpful, please Follow the author and Share it with your trading community so more traders can benefit. Every follow and share is motivation to keep building more high-quality trading tools. 🚀 . #gold #XAUUSD #scalping #gridtrading #zones #supplydemand #ATR #EMA #RSI #pivot
Penunjuk Pine Script®
oleh CongTrader_
Gold Killzone Bias Suite🟡 Gold Killzone Bias Suite The Gold Killzone Bias Suite is an advanced institutional-grade tool designed to generate high-confidence directional bias for XAU/USD (Gold) during the London and New York killzones. Built for traders using a structured, confluence-driven approach, this tool blends price action, smart money principles, momentum, and volume into a real-time bias engine with a clean, easy-to-read dashboard. 🔧 Key Features 🕰️ Session-Based Bias (London / New York) Independent bias calculation per session Killzone times customizable with timezone support Background highlighting (blue/red) for each session 📊 VWAP Engine Reclaim & rejection detection VWAP deviation alerts Daily HTF VWAP integration Score impact based on VWAP behaviour 📉 Market Structure (CHoCH / BOS) Detects swing highs/lows Labels bullish/bearish CHoCHs Structure score contributes to session bias 💧 Liquidity Grabs Detects stop hunts above highs / below lows Confirms with candle rejection (body % filter) Plots labels and adds to bias scoring ⚡ Momentum Filters RSI: Bullish >55, Bearish <45 MACD: Histogram + Signal Line crossovers Combined momentum score used in bias 🧠 Smart Money Proximity Optional FVG/OB score toggle (placeholder for custom logic) Adds static confluence for proximity-based setups ⏫ Higher Time Frame Context Daily VWAP comparison 4H high/low structure breaks Adds trend score to current session bias 🧠 How Bias Works The suite uses a scoring model. Each confluence adds or subtracts points: VWAP reclaim/reject: ±30 CHoCH/BOS: ±30 Liquidity grab: ±20 RSI/MACD: ±10 FVG/OB Proximity: +10 Daily VWAP trend: ±10 H4 Trend Break: ±10 Final Bias: Bullish if score ≥ +20 Bearish if score ≤ -20 Neutral if between -19 and +19 A confidence % (capped at 100) is also shown, along with the contributing confluences (VWAP, Structure, Liquidity, etc.). 📋 Dashboard A real-time dashboard shows for each session: Session name and time Bias (Bullish / Bearish / Neutral) Confidence (%) Confluences used Position can be moved (Top Left, Top Right, etc.). Designed to be unobtrusive yet informative. 🧪 Best Practices Use on 15m / 5m charts for intraday setups Confirm with D1 or H4 structure for directional context Combine with OB/FVG zones or SMT for entries Use Trading View alerts for bias flips or liquidity grabs (custom logic can be added) Bar Replay compatible for back testing and journaling bias shifts 🔐 Notes Does not generate trade signals or alerts by default Focused on bias generation and confluence stacking Compatible with funded account trading models 📈 Built for traders who want a systematic, score-based approach to identifying directional edge in high-volume gold sessions.
Penunjuk Pine Script®
oleh OakleyJM
Gold vs DXYThe 30-day rolling correlation between Gold (XAU/USD) and the US Dollar Index (DXY) shows how closely the two move together — or more often, in opposite directions — over the last 30 trading days. In most market environments, the relationship is pretty straightforward: when the dollar goes up, gold tends to go down, and vice versa. That’s because gold is priced in dollars, so a stronger dollar makes it more expensive for international buyers, which usually softens demand. But it’s not always that simple. There are times when this inverse correlation breaks down. For example, if real yields (like the US 10-year yield minus inflation expectations) are rising, that can pressure gold even if the dollar is falling — because higher real returns elsewhere make gold less attractive. Another case is when other currencies, like the euro or yen, rally strongly on their own central bank decisions. This can pull DXY lower without necessarily signaling weakness in the U.S. economy — meaning gold might not benefit much. There are also “risk-on” moments where investors rotate into equities or crypto, selling off both gold and the dollar in favor of yield or momentum. And during periods of crisis or uncertainty, both gold and the dollar can rise together as safe-haven assets, breaking the usual pattern entirely. That’s why tracking the rolling correlation is helpful. It shows whether the historical relationship between gold and the dollar is still holding — or if we’re entering a different market regime. It’s not about predicting exact price moves, but about understanding the current backdrop. When gold and DXY are moving out of sync as expected, it can support your trade thesis. But when the correlation flattens or flips, it’s often a sign to dig deeper — macro forces may be shifting.
Penunjuk Pine Script®
oleh GER-Quality-Trades
Gold Power Hours Strategy📈 Gold Power Hours Trading Strategy Trade XAUUSD (Gold) or XAUEUR during the most volatile hours of the New York session, using momentum and trend confirmation, with session-specific risk/reward profiles. ✅ Strategy Rules 🕒 Valid Trading Times ("Power Hours"): Trades are only taken during high-probability time windows on Tuesdays, Wednesdays, and Thursdays , corresponding to key New York session activity: Morning Session: 08:00 – 11:00 (NY time) Afternoon Session: 12:30 – 16:00 19:00 – 22:00 These times align with institutional activity and economic news releases. 📊 Technical Indicators Used: 50-period Simple Moving Average (SMA50): Identifies the dominant market trend. 14-period Relative Strength Index (RSI): Measures market momentum with session-adjusted thresholds. 🟩 Buy Signal Criteria: Price is above the 50-period SMA (bullish trend) RSI is greater than: 60 during Morning Session 55 during Afternoon Session Must be during a valid day (Tue–Thu) and Power Hour session 🟥 Sell Signal Criteria: Price is below the 50-period SMA (bearish trend) RSI is less than: 40 during Morning Session 45 during Afternoon Session Must be during a valid day and Power Hour session 🎯 Trade Management Rules: Morning Session (08:00–11:00) Stop Loss (SL): 50 pips Take Profit (TP): 150 pips Risk–Reward Ratio: 1:3 Afternoon Session (12:30–16:00 & 19:00–22:00) Stop Loss (SL): 50 pips Take Profit (TP): up to 100 pips Risk–Reward Ratio: up to 1:2 ⚠️ TP is slightly reduced in the afternoon due to typically lower volatility compared to the morning session. 📺 Visuals & Alerts: Buy signals: Green triangle plotted below the bar Sell signals: Red triangle plotted above the bar SMA50 line: Orange Valid session background: Light pink Alerts: Automatic alerts for buy/sell signals
Penunjuk Pine Script®
oleh cynthia_andrade
1
Gold DynamicThis is a custom-made TradingView indicator designed to visualize "sequential price levels" based on a user-defined step value, dynamically centered around the current gold price. It draws horizontal lines at multiples of a chosen step value (e.g., 7) both above and below the current price. Key Features: Dynamic Price Levels: Lines are calculated relative to the live price, providing relevant support/resistance or structural levels for the current market context. Customizable Step Value: Easily adjust the Sequence Step Value (e.g., 7, 10, 14) from the indicator settings to align with your trading theory. Adjustable Line Count: Control the Number of Lines ABOVE Current Price and Number of Lines BELOW Current Price to show as many or as few levels as desired. Extended Lines: Horizontal lines extend indefinitely to both the left (historical data) and right (future projection) for comprehensive visualization. Clear Price Labels: Each line displays its exact price value, positioned at the far right of the chart for quick reference. Customizable Appearance: Modify line color, width, and style (solid, dotted, dashed) to suit your charting preferences. Exact Values: All displayed price labels are rounded to whole numbers for clear, precise visualization without decimal values. This indicator is ideal for traders looking to apply a fixed-step price theory to their gold analysis.
Penunjuk Pine Script®
oleh pipsmix0
Gold Breakout Strategy - RR 4Strategy Name: Gold Breakout Strategy - RR 4 🧠 Main Objective This strategy aims to capitalize on breakouts from the Donchian Channel on Gold (XAU/USD) by filtering trades with: Volume confirmation, A custom momentum indicator (LWTI - Linear Weighted Trend Index), And a specific trading session (8 PM to 8 AM Quebec time — GMT-5). It takes only one trade per day, either a buy or a sell, using a fixed stop-loss at the wick of the breakout candle and a 4:1 reward-to-risk (RR) ratio. 📊 Indicators Used Donchian Channel Length: 96 Detects breakouts of recent highs or lows. Volume Simple Moving Average (SMA) over 30 bars. A breakout is only valid if the current volume is above the SMA. LWTI (Linear Weighted Trend Index) Measures momentum using price differences over 25 bars, smoothed over 5. Used to confirm trend direction: Buy when LWTI > its smoothed version (uptrend). Sell when LWTI < its smoothed version (downtrend). ⏰ Time Filter The strategy only allows entries between 8 PM and 8 AM (GMT-5 / Quebec time). A timestamp-based filter ensures the system recognizes the correct trading session even across midnight. 📌 Entry Conditions 🟢 Buy (Long) Price breaks above the previous Donchian Channel high. The current channel high is higher than the previous one. Volume is above its moving average. LWTI confirms an uptrend. The time is within the trading session (20:00 to 08:00). No trade has been taken yet today. 🔴 Sell (Short) Price breaks below the previous Donchian Channel low. The current channel low is lower than the previous one. Volume is above its moving average. LWTI confirms a downtrend. The time is within the trading session. No trade has been taken yet today. 💸 Trade Management Stop-Loss (SL): For long entries: placed below the wick low of the breakout candle. For short entries: placed above the wick high of the breakout candle. Take-Profit (TP): Set at a fixed 4:1 reward-to-risk ratio. Calculated as 4x the distance between the entry price and stop-loss. No trailing stop, no break-even, no scaling in/out. 🎨 Visuals Green triangle appears below the candle on a buy signal. Red triangle appears above the candle on a sell signal. Donchian Channel lines are plotted on the chart. The strategy is designed for the 5-minute timeframe. 🔄 One Trade Per Day Rule Once a trade is taken (buy or sell), no more trades will be executed for the rest of the day. This prevents overtrading and limits exposure.
Strategi Pine Script®
oleh beaucheminbrandon123
Gold ORB Strategy (15-min Range, 5-min Entry)The Gold ORB (Opening Range Breakout) Strategy is designed for day traders looking to capitalize on the price action in the early part of the trading day, specifically using a 15-minute range for identifying the opening range and a 5-minute timeframe for breakout entries. The strategy trades the Gold market (XAU/USD) during the New York session. Opening Range: The strategy defines the Opening Range (ORB) between 9:30 AM EST and 9:45 AM EST using the highest and lowest points during this 15-minute window. Breakout Entries: The strategy enters trades when the price breaks above the ORB high for a long position or below the ORB low for a short position. It waits for a 5-minute candle close outside the range before entering a trade. Stop Loss and Take Profit: The stop loss is placed at 50% of the ORB range, and the take profit is set at twice the ORB range (1:2 risk-reward ratio). Time Window: The strategy only executes trades before 12:00 PM EST, avoiding late-day market fluctuations and consolidations.
Strategi Pine Script®
oleh krypson
2
Gold Price with Time ShiftOverview The "Gold Price with Time Shift" indicator allows you to visualize the Gold price (XAUUSD) with a customizable time shift, enabling you to lag or lead the data by a specified number of bars. Whether you're analyzing historical trends or projecting Gold’s price into the future, this indicator provides a flexible tool to align Gold price movements with other market indicators or events. Features Customizable Time Shift: Shift the Gold price backward (lag) or forward (lead) by a user-defined number of bars. Positive values lag the data, while negative values project it into the future. Future Projection: When leading the Gold price (negative time shift), the indicator extends the chart into the future, displaying the last known price as a flat projection for easy comparison. Daily Timeframe: Fetches Gold price data on a daily timeframe, ensuring consistency for long-term analysis. User-Friendly Inputs: Easily adjust the Gold ticker and time shift via the settings panel to suit your analysis needs.
Penunjuk Pine Script®
oleh Crypto-KDuB
Gold Opening 15-Min ORB INDICATOR by AdéThis indicator is designed for trading Gold (XAUUSD) during the first 15 minutes of major market openings: Asian, European, and US sessions. It highlights these key time windows, plots the high and low ranges of each session, and generates breakout-based buy/sell signals. Ideal for traders focusing on volatility at market opens. Features:Session Windows: Asian: 1:00–1:15 AM Barcelona time (23:00–23:15 UTC, CEST-adjusted). European: 9:00–9:15 AM Barcelona time (07:00–07:15 UTC). US: 3:30–3:45 PM Barcelona time (13:30–13:45 UTC). Marked with yellow (Asian), green (Europe), and blue (US) triangles below bars. High/Low Ranges:Plots horizontal lines showing the highest high and lowest low of each session’s first 15 minutes.Lines appear after each session ends and persist until the next day, color-coded to match the sessions.Breakout Signals:Buy (Long): Triggers when the closing price breaks above the highest high of the previous 5 bars during a session window (lime triangle above bar).Sell (Short): Triggers when the closing price breaks below the lowest low of the previous 5 bars during a session window (red triangle below bar). Signals are restricted to the 15-minute session periods for focused trading.Usage:Timeframe: Optimized for 1-minute XAUUSD charts.Timezone: Set your chart to UTC for accurate session timing (script uses UTC internally, based on Barcelona CEST, UTC+2 in April).Strategy: Use buy/sell signals for breakout trades during volatile market opens, with session ranges as support/resistance levels.Customization: Adjust the lookback variable (default: 5) to tweak signal sensitivity.Notes:Tested for April 2025 (CEST, UTC+2). Adjust timestamp values if using outside daylight saving time (CET, UTC+1) or for different broker timezones.Best for scalping or short-term trades during high-volatility periods. Combine with other indicators for confirmation if desired.How to Use:Apply to a 1-minute XAUUSD chart.Watch for session markers (triangles) and breakout signals during the 15-minute windows.Use the high/low lines to gauge potential breakout targets or reversals.
Penunjuk Pine Script®
oleh adegilsonmariano
Gold Futures vs Spot (Candlestick + Line Overlay)📝 Script Description: Gold Futures vs Spot This script was developed to compare the price movements between Gold Futures and Spot Gold within a specific time frame. The primary goals of this script are: To analyze the price spread between Gold Futures and Spot To identify potential arbitrage opportunities caused by price discrepancies To assist in decision-making and enhance the accuracy of gold market analysis 🔧 Key Features: Fetches price data from both Spot and Futures markets (from APIs or chart sources) Converts and aligns data for direct comparison Calculates the price spread (Futures - Spot) Visualizes the spread over time or exports the data for further analysis 📅 Date Created: 🧠 Additional Notes: This script is ideal for investors, gold traders, or analysts who want to understand the relationship between the Futures and Spot markets—especially during periods of high volatility. Unusual spreads may signal shifts in market sentiment or the actions of institutional players.
Penunjuk Pine Script®
oleh uutrader_fx
1
Gold Scalping BOS & CHoCHThis strategy is designed for scalping gold (XAU/USD) on the 3-minute timeframe, utilizing Break of Structure (BOS) and Change of Character (CHoCH) to identify high-probability trade setups. Unlike traditional SMA crossover strategies, this method focuses purely on price action and market structure shifts, allowing for early entries and better risk management. Core Concepts: Break of Structure (BOS) – Confirms a continuation of the trend when price breaks the last swing high (bullish) or last swing low (bearish). Change of Character (CHoCH) – Detects possible trend reversals by identifying a shift in market momentum. Dynamic Support & Resistance – Uses the last 10-bar highs and lows to determine adaptive stop-loss (SL) and take-profit (TP) levels. Risk-to-Reward Ratio (1:2 RR) – Ensures trades are executed with a favorable risk/reward ratio. Entry Conditions: Buy Entry: BOS (Bullish) confirmed (price breaks the previous swing high). CHoCH (Bullish) confirms trend shift. Price crosses back above the last swing low (confirmation of support). Sell Entry: BOS (Bearish) confirmed (price breaks the previous swing low). CHoCH (Bearish) confirms trend shift. Price crosses back below the last swing high (confirmation of resistance). Exit Conditions: Stop Loss (SL): Set at the most recent dynamic support (for buys) or resistance (for sells). Take Profit (TP): 2x the risk (1:2 risk-reward ratio). Advantages of This Strategy: ✅ No lagging indicators – Uses price action for real-time entries. ✅ High probability setups – Focuses only on strong structural breaks. ✅ Adaptive SL/TP – Uses real market structure instead of fixed values. ✅ Optimized for Scalping – Best suited for quick in-and-out trades. Best Time to Trade: 🔹 London & New York Sessions (High volatility for gold).
Strategi Pine Script®
oleh DoubleuEdge
Gold Futures 2M 5M Tick Move Indicator📢 Gold Futures Tick Move Indicator 🚀 Customizable Tick-Based Trading Alerts & Visualization 🔹 Overview: The Gold Futures Tick Move Indicator is designed for traders who rely on tick-based price movements to detect significant market activity. This indicator identifies strong momentum moves, triggers customizable buy and sell signals, and provides clear trade range visualizations with take profit and stop loss levels. 🔹 Key Features: ✅ Customizable Tick Threshold – Adjust the number of ticks needed to trigger a buy/sell signal (default: 65 ticks). ✅ Take Profit & Stop Loss Levels – Automatically calculates and plots exit levels (default: 75 TP, 40 SL). ✅ Buy/Sell Alerts – Get real-time alerts when a candle moves beyond the defined tick threshold. ✅ Custom Colors for Trade Signals – Buy (teal #008080), Sell (hot pink #FF69B4). ✅ Trade Range Visualization – Background colors highlight long & short positions for better clarity. ✅ Candle Highlighting – Turns white when a tick-based signal is detected. 🔹 How It Works: 1️⃣ Set your tick movement threshold – Define how many ticks the price must move to trigger a trade signal. 2️⃣ Customize Take Profit & Stop Loss – Modify exit levels to match your strategy. 3️⃣ Wait for a Signal – If the price moves beyond the defined tick range, the indicator plots a Buy (teal) or Sell (hot pink) signal. 4️⃣ Monitor Trade Zones – Trade ranges are highlighted in teal or pink for quick visualization. 5️⃣ Receive Alerts – Set up TradingView alerts to be notified of trade opportunities. 🔹 Who is This For? 💰 Gold Futures Traders looking to capitalize on price momentum 📈 Scalpers & Day Traders seeking precise tick-based entries 🎯 Algo Traders who want automated alerts & visual cues
Penunjuk Pine Script®
oleh omnipadme01
Gold Pro StrategyHere’s the strategy description in a chat format: --- **Gold (XAU/USD) Trend-Following Strategy** This **trend-following strategy** is designed for trading gold (XAU/USD) by combining moving averages, MACD momentum indicators, and RSI filters to capture sustained trends while managing volatility risks. The strategy uses volatility-adjusted stops to protect gains and prevent overexposure during erratic price movements. The aim is to take advantage of trending markets by confirming momentum and ensuring entries are not made at extreme levels. --- **Key Components** 1. **Trend Identification** - **50 vs 200 EMA Crossover** - **Bullish Trend:** 50 EMA crosses above 200 EMA, and the price closes above the 200 EMA - **Bearish Trend:** 50 EMA crosses below 200 EMA, and the price closes below the 200 EMA 2. **Momentum Confirmation** - **MACD (12,26,9)** - **Buy Signal:** MACD line crosses above the signal line - **Sell Signal:** MACD line crosses below the signal line - **RSI (14 Period)** - **Bullish Zone:** RSI between 50-70 to avoid overbought conditions - **Bearish Zone:** RSI between 30-50 to avoid oversold conditions 3. **Entry Criteria** - **Long Entry:** Bullish trend, MACD bullish crossover, and RSI between 50-70 - **Short Entry:** Bearish trend, MACD bearish crossover, and RSI between 30-50 4. **Exit & Risk Management** - **ATR Trailing Stops (14 Period):** - Initial Stop: 3x ATR from entry price - Trailing Stop: Adjusts to lock in profits as price moves favorably - **Position Sizing:** 100% of equity per trade (high-risk strategy) --- **Key Logic Flow** 1. **Trend Filter:** Use the 50/200 EMA relationship to define the market's direction 2. **Momentum Confirmation:** Confirm trend momentum with MACD crossovers 3. **RSI Validation:** Ensure RSI is within non-extreme ranges before entering trades 4. **Volatility-Based Risk Management:** Use ATR stops to manage market volatility --- **Visual Cues** - **Blue Line:** 50 EMA - **Red Line:** 200 EMA - **Green Triangles:** Long entry signals - **Red Triangles:** Short entry signals --- **Strengths** - **Clear Trend Focus:** Avoids counter-trend trades - **RSI Filter:** Prevents entering overbought or oversold conditions - **ATR Stops:** Adapts to gold’s inherent volatility - **Simple Rules:** Easy to follow with minimal inputs --- **Weaknesses & Risks** - **Infrequent Signals:** 50/200 EMA crossovers are rare - **Potential Missed Opportunities:** Strict RSI criteria may miss some valid trends - **Aggressive Position Sizing:** 100% equity allocation can lead to large drawdowns - **No Profit Targets:** Relies on trailing stops rather than defined exit targets --- **Performance Profile** | Metric | Expected Range | |----------------------|---------------------| | Annual Trades | 4-8 | | Win Rate | 55-65% | | Max Drawdown | 25-35% | | Profit Factor | 1.8-2.5 | --- **Optimization Recommendations** 1. **Increase Trade Frequency** Adjust the EMAs to shorter periods: - `emaFastLen = input.int(30, "Fast EMA")` - `emaSlowLen = input.int(150, "Slow EMA")` 2. **Relax RSI Filters** Adjust the RSI range to: - `rsiBullish = rsi > 45 and rsi < 75` - `rsiBearish = rsi < 55 and rsi > 25` 3. **Add Profit Targets** Introduce a profit target at 1.5% above entry: ```pine strategy.exit("Long Exit", "Long", stop=longStopPrice, profit=close*1.015, // 1.5% target trail_offset=trailOffset) ``` 4. **Reduce Position Sizing** Risk a smaller percentage per trade: - `default_qty_value=25` --- **Best Use Case** This strategy excels in **strong trending markets** such as gold rallies during economic or geopolitical crises. However, during sideways or choppy market conditions, the strategy might require manual intervention to avoid false signals. Additionally, integrating fundamental analysis—like monitoring USD weakness or geopolitical risks—can enhance its effectiveness. --- This strategy offers a balanced approach for trading gold, combining trend-following principles with risk management tailored to the volatility of the market.
Strategi Pine Script®
oleh zackseal
3
Gold scalper 1 min or 30 secThis Pine Script code for TradingView is designed to create a trading indicator titled "Gold scalper 1 min or 30 sec." The indicator is primarily used for scalping gold and is focused on short-term timeframes (1 minute or 30 seconds). ### Key Components of the Code: 1. **Inputs:** - **Resolution:** Users can set the timeframe for analysis (default is 240 minutes). - **SMA (Simple Moving Average):** Users can specify the period for the SMA used in the calculations. 2. **Daily Highs and Lows:** - The script calculates the previous day’s high (`yesterdayHigh`) and low (`yesterdayLow`) prices using the `request.security` function. 3. **SMA Calculation:** - An SMA is computed based on the closing prices of the selected timeframe. 4. **Breakout Conditions:** - The script detects breakouts using the SMA in relation to yesterday's high and low: - A breakout upwards occurs when the SMA crosses above the previous day's high. - A breakout downwards occurs when the SMA crosses below the previous day's low. 5. **RSI (Relative Strength Index) Calculations:** - Two RSI values are calculated to assess market momentum: - **Banker RSI:** Used for buy conditions. - **Hot Money RSI:** Used for sell conditions. - These include adjustable sensitivity factors and periods to customize the indicator’s sensitivity. 6. **Trade Direction Selection:** - Users can select whether to trade long, short, or both directions. 7. **Buy and Sell Signals:** - Buy conditions are set when the Retail Moving Average crosses the Banker Moving Average under certain conditions. - Sell conditions are marked when the Banker Moving Average crosses under the specified sell threshold. - These signals are visually represented on the chart with specific shapes (up arrows for buys and down arrows for sells). 8. **Alerts:** - Alerts are generated for buy and sell signals to notify users when certain conditions are met. 9. **Trend Visualization:** - The script visually indicates uptrends and downtrends on the chart by plotting colors based on the relationship between the current price, yesterday's high, and low. ### General Purpose: This indicator is designed to assist traders in identifying potential buying and selling opportunities in the gold market based on short-term price movements and momentum indicators, helping them capitalize on quick price fluctuations that are characteristic of scalping strategies.
Penunjuk Pine Script®
oleh GodeyeThelasthope
4
Gold IBH/IBL with IBM, Overnight Levels, OVM, and ONVPOCThe Initial Balance (IB) indicator for gold trading is a valuable tool for identifying key price levels and potential trade setups. Here's an overview of how it works: Initial Balance Calculation The Initial Balance for gold is calculated from 8:20 AM to 9:20 AM EST, coinciding with the COMEX open. This one-hour period establishes crucial reference points for the trading day. Key Levels The indicator displays several important price levels: IB High: The highest price reached during the Initial Balance period IB Low: The lowest price reached during the Initial Balance period IB Midpoint: The average of the IB High and IB Low These levels often serve as significant support and resistance areas, with many traders placing stop-losses around them. Overnight Levels In addition to the IB levels, the indicator shows overnight price action: ONH: Overnight High ONL: Overnight Low ONM: Overnight Midpoint Overnight VWAP: Volume Weighted Average Price from the overnight session These overnight levels have a high probability of being tested during the COMEX trading session, making them valuable reference points for traders. Trading Applications Traders can use the IB and overnight levels for various purposes: Setting profit targets Identifying potential trade entry points Managing risk by placing stop-losses at key levels Gauging overall market sentiment and volatility The levels established during both the Initial Balance and overnight sessions are likely to be touched during the COMEX trading session. This insight allows traders to make more informed decisions and enhances their trading strategies. If you have more questions about the trading strategy, please DM me, and I can explain further. I also have probabilities of all these levels being broken during the COMEX trading hours, which gives us confidence to hold our trades to targets. Understanding and utilizing these levels can provide traders with a competitive edge in gold trading, helping them make more informed decisions based on early market dynamics and overnight price action.
Penunjuk Pine Script®
oleh Scatters
1
Gold Fair Value Gap Entry(FVG GOLD)This script calculates the fair value of gold, which is set as an input parameter. It then gets the current price of gold and calculates the gap between the price and the fair value. If the gap is positive, it enters a long trade, and if it's negative, it enters a short trade. The script also uses proper risk management techniques by setting a stop loss and take profit for each trade. The plot() function is used to display the fair value and gap on the chart. Please note that this is just an example script, and you should customize it based on your specific trading strategy and criteria. It's also important to backtest your strategy and refine it before using it with real money.
Strategi Pine Script®
oleh SmirkingNick
1