Simple Gold Reversal Detector V2 PRO + EMA + Volume + RSI + Wick

Simple Gold Reversal Detector V2 PRO is a reversal spotter tool designed for XAUUSD (Gold) on 5-min to 15-min timeframes.

It uses candlestick behavior, volume confirmation, trend filtering, and momentum exhaustion to detect high-probability turning points in the market. It is built to filter out weak setups and focus on meaningful reversals.

It is not a trend follower and will not catch every reversal. It may give false signals in heavy news or spiky sessions. You still need to manage trades accordingly.

REMEBER THAT THIS IS REVERSAL DETECTOR meaning don't enter immediately on trades. WAIT FOR PULLBACK and PRICE ACTION to avoid fakeout. It may give you 100-200-300 pips. might give you also false indication.

Features of the indicator:
Full control of what you want to filter out
Built-in EMA 20/200 (you can cut out your existing ema for other indicator slot)
You can adjust Period for Reversal, Volume Moving Average Length and RSI Length that will give result depending on your preference.

🔵 Strict Volume Spike (1.5x)
If ON:
Only accept reversal signals if the current candle's volume is at least 1.5× higher than the average volume.
Purpose: To catch only strong moves supported by big market activity (high participation).

🔵 Strict Wick Size Required
If ON:
Only accept reversal signals if the candle's wick (top or bottom) is larger than the body.
Purpose: To filter signals based on rejection wicks, showing strong rejection from certain prices.

🔵 Strict EMA 200 Trend Filter
If ON:
Only BUY if price is above EMA 200.
Only SELL if price is below EMA 200.
Purpose: To align trades with the big trend for safety (trend-following bias).

🔵 Strict Body Size (30%)
If ON: Accept candles only if their body size is 30% or smaller compared to the entire candle range (high to low).
Purpose: To make sure the reversal candle is small and exhausted, typical behavior before reversals.

🔵 Strict RSI Range (40/60)
If ON:
Only BUY if RSI is below 40 (oversold area).
Only SELL if RSI is above 60 (overbought area).
Purpose: To catch reversals when the market is technically overextended.

Lookback Period for Reversal 20
Check last 20 candles to determine highest high or lowest low (for detecting reversal zones).

Volume Moving Average Length 20
Smooth volume over 20 candles to detect if a candle's volume is "spiking" compared to normal.

RSI Length 14
Standard RSI period; used to measure momentum over last 14 candles for overbought/oversold.