XAU Micro Scalper

This indicator is designed for short-term price rotation detection on XAUUSD, especially on the 1-minute timeframe.
It combines three momentum components—Stochastic, RSI, and OBV slope—to highlight potential reversal points and short-term scalping opportunities.

Core Logic

The script generates a signal only when multiple conditions align:

1. Stochastic Reversal (Timing Component)

A basic long/short trigger occurs when the Stochastic oscillator exits oversold (long) or overbought (short).
This represents a potential shift in short-term momentum.

2. RSI “Smart Rotation” Filter (Context Component)

Instead of using fixed oversold/overbought thresholds, the indicator checks whether RSI is turning:

Long: RSI is below a contextual ceiling (default 50) and rising

Short: RSI is above a contextual floor (default 55) and falling

This avoids premature entries during strong trending phases and confirms that momentum is actually rotating.

3. OBV Slope Filter (Volume Confirmation)

The On-Balance Volume trend is compared to its previous value:

Long: OBV slope improving

Short: OBV slope deteriorating

This helps confirm whether volume pressure is shifting in favor of the trade direction.

Both RSI and OBV filters can be enabled or disabled independently via the indicator settings.

Signals

Small circles mark raw Stochastic reversal points (unfiltered).

Green / red triangles represent validated long/short signals where all active filters agree.

Optional candle coloring highlights confirmed entry signals on the chart.

Use Cases

• Intraday and scalping strategies on XAUUSD
  
• Identifying short-term momentum reversals
  
• Filtering noisy signals during high-volatility sessions
  
• Studying how volume and momentum align around turning points
  

Customization

Users can adjust:

• RSI contextual thresholds
  
• Lookback periods
  
• OBV slope sensitivity
  
• Stochastic parameters
  

Activation of RSI and OBV filters

This flexibility allows the indicator to adapt to different market conditions and timeframes.

Disclaimer

This indicator does not provide financial advice or guarantee performance.
Always test any strategy on historical data and use proper risk management.