OPEN-SOURCE SCRIPT

Gold Intraday Strategy (New) - 4H Bias + 15M EMA Crossover

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This script is a Gold Intraday Strategy designed for short-term traders using a 4-hour trend bias and 15-minute entry signals.

🟢 Bias Direction:
It uses 50 EMA and 200 EMA from the 4H timeframe to determine the overall market trend (bullish or bearish bias).

🔵 Entry Conditions:
Trades are triggered on the 15M timeframe when the 50 EMA crosses the 200 EMA in the direction of the bias:
- Long Entry: 15M EMA 50 crosses above EMA 200 with bullish 4H bias
- Short Entry: 15M EMA 50 crosses below EMA 200 with bearish 4H bias

🎯 This strategy is ideal for day traders who want to align lower timeframe entries with a higher timeframe trend. It can be used on Gold (XAUUSD) or any volatile instrument.

NOTE: This script is for educational purposes only.

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