OPEN-SOURCE SCRIPT

XAUUSD Scalping Indicator

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Key Features:
Moving Averages: The script calculates two simple moving averages (SMA) for price.
Trade Signals:
Buy signals are generated when the fast MA crosses above the slow MA.
Sell signals occur when the fast MA crosses below the slow MA.
Labels: Displays "BUY" and "SELL" labels on the chart next to the respective candles.
Stop Loss and Take Profit: The script calculates these based on a 1% movement from the entry price for illustrative purposes.
Important Considerations:
You can adjust the percentage for stop loss and take profit to fit your trading strategy.
Make sure to test this indicator on the appropriate time frame (like 5-minute or 15-minute) for scalping XAUUSD.

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