OPEN-SOURCE SCRIPT
Gold Sniper Pro: Trend & Reversal System
Title: Gold Sniper Pro: Trend & Reversal System [XAUUSD]
Headline: Stop choosing between "Buying the Dip" and "Chasing the Trend." Now you can do both.
Introduction: Most indicators fail because they only work in one market condition. Reversal indicators fail during strong breakouts (selling too early), and Trend indicators fail during ranging markets (buying the top).
Gold Sniper Pro solves this by running two separate algorithms simultaneously to cover every phase of price action on Gold (XAUUSD).
How It Works (The Dual-Core Logic):
1. 🟢 SNIPER MODE (The "Buy Low" Logic)
Goal: Catch the exact bottom of a pullback.
Logic: Detects when price sweeps a liquidity low but is trading at a "discount" (below the EMA 20).
Signal: Displays a Green "SNIPER" label.
Best for: Ranging markets and deep corrections.
2. 🔵 TREND MODE (The "Breakout" Logic)
Goal: Catch the high-momentum runaway moves (like the 16:40 pump).
Logic: Detects when price is holding above the EMA 20 with strong momentum. It buys the strength, not the weakness.
Signal: Displays a Blue "TREND" label.
Best for: News events and strong directional rallies.
Key Features:
⚡ Dynamic EMA Filter: Replaces laggy RSI with real-time price action relative to the EMA 20.
🛡️ Multi-Timeframe Safety: Built-in 30m Trend Filter to prevent trading against the major trend (can be toggled OFF for aggressive scalping).
🎯 Auto TP/SL Lines: Automatically plots your Risk:Reward (2:1) targets on the chart.
🚀 "Force Trade" Switch: A new feature that allows you to bypass safety filters during high-volatility news events to catch fast breakouts.
How to Use:
Timeframe: Best on 1m or 5m (Designed for XAUUSD/Gold).
Aggressive: Check "Ignore 30m Filter" in settings to catch every scalping opportunity.
Conservative: Uncheck "Ignore Filter" to only trade when the 30m trend is aligned.
Exit: Close trade when price hits the Green TP line or Red SL line.
Settings:
EMA Length: 20 (Standard Institutional Trend).
Reward Ratio: 2.0 (Default).
Headline: Stop choosing between "Buying the Dip" and "Chasing the Trend." Now you can do both.
Introduction: Most indicators fail because they only work in one market condition. Reversal indicators fail during strong breakouts (selling too early), and Trend indicators fail during ranging markets (buying the top).
Gold Sniper Pro solves this by running two separate algorithms simultaneously to cover every phase of price action on Gold (XAUUSD).
How It Works (The Dual-Core Logic):
1. 🟢 SNIPER MODE (The "Buy Low" Logic)
Goal: Catch the exact bottom of a pullback.
Logic: Detects when price sweeps a liquidity low but is trading at a "discount" (below the EMA 20).
Signal: Displays a Green "SNIPER" label.
Best for: Ranging markets and deep corrections.
2. 🔵 TREND MODE (The "Breakout" Logic)
Goal: Catch the high-momentum runaway moves (like the 16:40 pump).
Logic: Detects when price is holding above the EMA 20 with strong momentum. It buys the strength, not the weakness.
Signal: Displays a Blue "TREND" label.
Best for: News events and strong directional rallies.
Key Features:
⚡ Dynamic EMA Filter: Replaces laggy RSI with real-time price action relative to the EMA 20.
🛡️ Multi-Timeframe Safety: Built-in 30m Trend Filter to prevent trading against the major trend (can be toggled OFF for aggressive scalping).
🎯 Auto TP/SL Lines: Automatically plots your Risk:Reward (2:1) targets on the chart.
🚀 "Force Trade" Switch: A new feature that allows you to bypass safety filters during high-volatility news events to catch fast breakouts.
How to Use:
Timeframe: Best on 1m or 5m (Designed for XAUUSD/Gold).
Aggressive: Check "Ignore 30m Filter" in settings to catch every scalping opportunity.
Conservative: Uncheck "Ignore Filter" to only trade when the 30m trend is aligned.
Exit: Close trade when price hits the Green TP line or Red SL line.
Settings:
EMA Length: 20 (Standard Institutional Trend).
Reward Ratio: 2.0 (Default).
Script open-source
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.