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CANX Gold (XAUUSD) $5 Psychological Levels© CanxStixTrader FOR GOLD ONLY -------------------------------- This is a vary simple yet powerful indicator based on the psychological levels that retail traders use to trade gold and institutions in turn target these levels. -------------------------------- HOW TO USE Once the trend has been determined then this simple indicator can be used to target the pull backs for the sniper entries you want. -TIP, pair with other indicators for optimal entries and trend identification. We recommend the 1 minute time frame for entries and a momentum indicator for extra confirmation. -------------------------------- The indicator draws lines every 50 pips or $5 on the chart and is customizable to your preference. Like always, Keep it simple! © CanxStixTrader
Indicatore Pine Script®
di CanxStixTrader
Golden Setup V1Golden Setup V1 is an overlay indicator that automates Tony Rago’s “Golden Setup” price-level framework. It divides the chart into fixed “blockSize” intervals (default 100 points) and plots a series of key horizontal levels within each block—levels at 00, 12, 26, 33, 50, 62, 77 and 88 offsets. These levels act as dynamic support and resistance grids that roll up or down as price moves between blocks. Key Features Customizable Offsets Define eight offset levels corresponding to Rago’s Golden Setup: 00 (Round Number) 12 (Target 12) 26 (First “Golden” level) 33 (Target 33) 50 (Mid-block pivot) 62 (Target 62) 77 (Second “Golden” level) 88 (Target 88) Multi-Block Coverage Choose how many blocks above and below the current 100-point block you wish to display, so you always have levels drawn for the surrounding price range. Golden-Only Filter A handy toggle lets you show only the two “Golden” offsets (26 & 77), which many traders prioritize for high-probability bounce or breakout areas. Dynamic Nearest-Level Label Highlights the closest Golden Setup level (to the right edge of the chart) with a movable label, so you always know which level price is approaching. Full Styling Control Customize line colors, widths, block size, label fonts and opacity to suit your charting style. How It Works Block Calculation On each bar, the indicator computes the “current block” by flooring (close / blockSize) and multiplying back by blockSize. Level Offsets It adds each of the eight user-defined offsets to that block base (and, if price has moved below the lowest offset, shifts the block down one interval). Drawing Each level is drawn as a horizontal line extending across the chart for as many blocks above/below as you select. Nearest-Level Detection Within the present block, it calculates which of the plotted levels is closest to price and displays that value on the right edge. Usage Tips Use the Golden-Only filter to declutter and focus solely on the 26 & 77 levels, which often act as strong intra-block pivot points. Combine with volume or momentum indicators to confirm bounces at these levels. Adjust blockSize (e.g. 50 or 200) if you wish to work in smaller or larger price increments. ⚠️ Disclaimer: This script is for educational and illustrative purposes only. Trading involves risk—always back-test and validate any strategy on a demo account before going live.
Indicatore Pine Script®
di MonicaPropTraderz
GOLDEN RSI by @thejamiulGOLDEN RSI thejamiul is a versatile Relative Strength Index (RSI)-based tool designed to provide enhanced visualization and additional insights into market trends and potential reversal points. This indicator improves upon the traditional RSI by integrating gradient fills for overbought/oversold zones and divergence detection features, making it an excellent choice for traders who seek precise and actionable signals. Source of this indicator : This indicator is based on @TradingView original RSI indicator with a little bit of customisation to enhance overbought and oversold identification. Key Features 1. Customizable RSI Settings: RSI Length: Adjust the RSI calculation period to suit your trading style (default: 14). Source Selection: Choose the price source (e.g., close, open, high, low) for RSI calculation. 2. Gradient-Filled RSI Zones: Overbought Zone (80-100): Gradient fill with shades of green to indicate strong bullish conditions. Oversold Zone (0-20): Gradient fill with shades of red to highlight strong bearish conditions. 3. Support and Resistance Levels: Upper Band: 80 Middle Bands: 60 (bullish) and 40 (bearish) Lower Band: 20 These levels help identify overbought, oversold, and neutral zones. 4. Divergence Detection: Bullish Divergence: Detects lower lows in price with corresponding higher lows in RSI, signaling potential upward reversals. Bearish Divergence: Detects higher highs in price with corresponding lower highs in RSI, indicating potential downward reversals. Visual Indicators: Bullish divergence is marked with green labels and line plots. Bearish divergence is marked with red labels and line plots. 5. Alert Functionality: Custom Alerts: Set up alerts for bullish or bearish divergences to stay notified of potential trading opportunities without constant chart monitoring. 6. Enhanced Chart Visualization: RSI Plot: A smooth and visually appealing RSI curve. Color Coding: Gradient and fills for better distinction of trading zones. Pivot Labels: Clear identification of divergence points on the RSI plot.
Indicatore Pine Script®
di thejamiul
3
Golden Area### Golden Area Indicator Description The "Golden Area" indicator is a technical analysis tool designed to assist traders by identifying potential buy and sell signals based on moving averages and support/resistance levels within a specific time frame. This indicator can be applied directly to price charts. #### How It Works 1. **Inputs:** - **MA50 Length:** The period length for the 50-period Simple Moving Average (SMA). - **MA200 Length:** The period length for the 200-period Simple Moving Average (SMA). 2. **Calculations:** - **MA50 (50-period SMA):** Calculated by averaging the closing prices over the past 50 periods. - **MA200 (200-period SMA):** Calculated by averaging the closing prices over the past 200 periods. - **Support Level:** The lowest price over the last 50 periods. - **Resistance Level:** The highest price over the last 50 periods. 3. **Time Filter:** - **Start Time:** The indicator becomes active at 12:30 IST (07:00 UTC). - **End Time:** The indicator deactivates at 10:30 IST the next day (05:00 UTC). - A background color change (yellow) highlights the active time range on the chart. 4. **Signals:** - **Buy Signal:** Triggered when the current time matches the start time and the closing price is below the support level. - **Sell Signal:** Triggered when the current time matches the start time and the closing price is above the resistance level. 5. **Plots:** - **MA50:** Plotted as a blue line on the chart. - **MA200:** Plotted as a red line on the chart. - **Buy Signals:** Indicated by a green 'B' below the bars. - **Sell Signals:** Indicated by a red 'S' above the bars. This indicator provides visual cues for potential trading opportunities within the specified time frame, aiding traders in making informed decisions.
Indicatore Pine Script®
di rohitjobeis
Bitcoin to GOLD [presentTrading]**Introduction and How it is Different** Unlike traditional indicators, the BTGR offers a unique perspective on market sentiment and asset valuation by juxtaposing two seemingly disparate assets: Bitcoin, the digital gold, and Gold, the traditional store of value. This article introduces an advanced version of this ratio, complete with upper and lower bands calculated using standard deviations. These bands add an extra layer of analytical depth, allowing for more nuanced trading strategies. BTCUSD 12h bigger picture **Economic Principles** The BTGR is rooted in the economic principles of asset valuation and market sentiment. Gold has long been considered a safe haven asset, a place where investors park their money during times of economic uncertainty. Bitcoin, on the other hand, is often viewed as a high-risk, high-reward investment. By comparing the two, the BTGR provides insights into the broader market sentiment. - Risk Appetite: A high BTGR indicates a bullish sentiment towards riskier assets like Bitcoin. - Market Uncertainty: A low BTGR suggests a bearish sentiment and a flight to the safety of Gold. - Asset Diversification: The BTGR can be used as a tool for portfolio diversification, helping investors balance risk and reward. **How to Use It** Setting Up the Indicator - Platform: The indicator is designed for use on TradingView. - Time Frame: A 480-minute time frame is recommended for more accurate signals. - Parameters: The moving average is set at 200 periods, and the standard deviation is calculated over the same period. **Trading Signal** Long Entry: Consider going long when the BTGR crosses above the upper band. Short Entry: Consider going short when the BTGR crosses below the lower band. Note: Due to the issue that the number of trading is less than about 100 times, the corresponding strategy is not allowed to publish.
Indicatore Pine Script®
di PresentTrading
1
GOLDEN BOX**Golden Box Trading Strategy Indicator** The "Golden Box" trading strategy indicator is a visual tool designed to facilitate the execution of the Golden Box trading strategy on the TradingView platform. This strategy involves identifying potential buy and sell signals based on specific price movements within defined trading sessions. **Features:** - Custom session definition with adjustable time and time zone settings. - Real-time tracking of session high, low, open, and close prices. - Visual representation of trading sessions with highlighted high and low price ranges. - Condition-based buy and sell signals based on closing prices and session levels. - Informative tables outlining step-by-step strategy execution for both buy and sell scenarios. **Strategy Highlights:** - **Buy Strategy:** Wait for Monday's session completion. If the last candle's closing price is above the session's 50% level, set a pending buy limit order. Stop loss at the session high (100% level), take profits at 75% and 100%. - **Sell Strategy:** Wait for Monday's session completion. If the last candle's closing price is below the session's 50% level, place a pending sell limit order. Stop loss at the session high (100% level), take profits at 25% and 0%. **Disclaimer:** This indicator is for educational purposes and does not offer financial advice. Thoroughly understand the strategy and conduct testing before implementing it in live trading. --- Feel free to modify this description to align with your preferences and to add any additional information that you believe will help users understand the indicator and strategy better.
Indicatore Pine Script®
di MSCOMMUNITY
Golden SlopeGolden Slope is an ATR based trend tool that mixes KNN machine learning to allow you to confirm your entry and exits, which can give out significantly more accurate signals. Flag and rectangle signals are machine learning signals, they confirm an entry and exit position. You can use entry and exit signals alone but it's more accurate to confirm with machine learning signals. The idea is to either see a machine learning signal first and confirm it by Golden Slope entry or the other way around. PS. Watch out if candle starts hitting the golden belly (or the yellow area after an entry signal is given because it can indicate a reversal before machine learning or the golden slope itself catch it, but these events happen rarely.
Indicatore Pine Script®
di EdgeTerminal
20
Volatility Risk Premium GOLD & SILVER 1.0ENGLISH This indicator (V-R-P) calculates the (one month) Volatility Risk Premium for GOLD and SILVER. V-R-P is the premium hedgers pay for over Realized Volatility for GOLD and SILVER options. The premium stems from hedgers paying to insure their portfolios, and manifests itself in the differential between the price at which options are sold (Implied Volatility) and the volatility GOLD and SILVER ultimately realize (Realized Volatility). I am using 30-day Implied Volatility (IV) and 21-day Realized Volatility (HV) as the basis for my calculation, as one month of IV is based on 30 calendaristic days and one month of HV is based on 21 trading days. At first, the indicator appears blank and a label instructs you to choose which index you want the V-R-P to plot on the chart. Use the indicator settings (the sprocket) to choose one of the precious metals (or both). Together with the V-R-P line, the indicator will show its one year moving average within a range of +/- 15% (which you can change) for benchmarking purposes. We should consider this range the “normalized” V-R-P for the actual period. The Zero Line is also marked on the indicator. Interpretation When V-R-P is within the “normalized” range, … well... volatility and uncertainty, as it’s seen by the option market, is “normal”. We have a “premium” of volatility which should be considered normal. When V-R-P is above the “normalized” range, the volatility premium is high. This means that investors are willing to pay more for options because they see an increasing uncertainty in markets. When V-R-P is below the “normalized” range but positive (above the Zero line), the premium investors are willing to pay for risk is low, meaning they see decreasing uncertainty and risks in the market, but not by much. When V-R-P is negative (below the Zero line), we have COMPLACENCY. This means investors see upcoming risk as being lower than what happened in the market in the recent past (within the last 30 days). CONCEPTS : Volatility Risk Premium The volatility risk premium (V-R-P) is the notion that implied volatility (IV) tends to be higher than realized volatility (HV) as market participants tend to overestimate the likelihood of a significant market crash. This overestimation may account for an increase in demand for options as protection against an equity portfolio. Basically, this heightened perception of risk may lead to a higher willingness to pay for these options to hedge a portfolio. In other words, investors are willing to pay a premium for options to have protection against significant market crashes even if statistically the probability of these crashes is lesser or even negligible. Therefore, the tendency of implied volatility is to be higher than realized volatility, thus V-R-P being positive. Realized/Historical Volatility Historical Volatility (HV) is the statistical measure of the dispersion of returns for an index over a given period of time. Historical volatility is a well-known concept in finance, but there is confusion in how exactly it is calculated. Different sources may use slightly different historical volatility formulas. For calculating Historical Volatility I am using the most common approach: annualized standard deviation of logarithmic returns, based on daily closing prices. Implied Volatility Implied Volatility (IV) is the market's forecast of a likely movement in the price of the index and it is expressed annualized, using percentages and standard deviations over a specified time horizon (usually 30 days). IV is used to price options contracts where high implied volatility results in options with higher premiums and vice versa. Also, options supply and demand and time value are major determining factors for calculating Implied Volatility. Implied Volatility usually increases in bearish markets and decreases when the market is bullish. For determining GOLD and SILVER implied volatility I used their volatility indices: GVZ and VXSLV (30-day IV) provided by CBOE. Warning Please be aware that because CBOE doesn’t provide real-time data in Tradingview, my V-R-P calculation is also delayed, so you shouldn’t use it in the first 15 minutes after the opening. This indicator is calibrated for a daily time frame. ---------------------------------------------------------------------- ESPAŇOL Este indicador (V-R-P) calcula la Prima de Riesgo de Volatilidad (de un mes) para GOLD y SILVER. V-R-P es la prima que pagan los hedgers sobre la Volatilidad Realizada para las opciones de GOLD y SILVER. La prima proviene de los hedgers que pagan para asegurar sus carteras y se manifiesta en el diferencial entre el precio al que se venden las opciones (Volatilidad Implícita) y la volatilidad que finalmente se realiza en el ORO y la PLATA (Volatilidad Realizada). Estoy utilizando la Volatilidad Implícita (IV) de 30 días y la Volatilidad Realizada (HV) de 21 días como base para mi cálculo, ya que un mes de IV se basa en 30 días calendario y un mes de HV se basa en 21 días de negociación. Al principio, el indicador aparece en blanco y una etiqueta le indica que elija qué índice desea que el V-R-P represente en el gráfico. Use la configuración del indicador (la rueda dentada) para elegir uno de los metales preciosos (o ambos). Junto con la línea V-R-P, el indicador mostrará su promedio móvil de un año dentro de un rango de +/- 15% (que puede cambiar) con fines de evaluación comparativa. Deberíamos considerar este rango como el V-R-P "normalizado" para el período real. La línea Cero también está marcada en el indicador. Interpretación Cuando el V-R-P está dentro del rango "normalizado",... bueno... la volatilidad y la incertidumbre, como las ve el mercado de opciones, es "normal". Tenemos una “prima” de volatilidad que debería considerarse normal. Cuando V-R-P está por encima del rango "normalizado", la prima de volatilidad es alta. Esto significa que los inversores están dispuestos a pagar más por las opciones porque ven una creciente incertidumbre en los mercados. Cuando el V-R-P está por debajo del rango "normalizado" pero es positivo (por encima de la línea Cero), la prima que los inversores están dispuestos a pagar por el riesgo es baja, lo que significa que ven una disminución, pero no pronunciada, de la incertidumbre y los riesgos en el mercado. Cuando V-R-P es negativo (por debajo de la línea Cero), tenemos COMPLACENCIA. Esto significa que los inversores ven el riesgo próximo como menor que lo que sucedió en el mercado en el pasado reciente (en los últimos 30 días). CONCEPTOS : Prima de Riesgo de Volatilidad La Prima de Riesgo de Volatilidad (V-R-P) es la noción de que la Volatilidad Implícita (IV) tiende a ser más alta que la Volatilidad Realizada (HV) ya que los participantes del mercado tienden a sobrestimar la probabilidad de una caída significativa del mercado. Esta sobreestimación puede explicar un aumento en la demanda de opciones como protección contra una cartera de acciones. Básicamente, esta mayor percepción de riesgo puede conducir a una mayor disposición a pagar por estas opciones para cubrir una cartera. En otras palabras, los inversores están dispuestos a pagar una prima por las opciones para tener protección contra caídas significativas del mercado, incluso si estadísticamente la probabilidad de estas caídas es menor o insignificante. Por lo tanto, la tendencia de la Volatilidad Implícita es de ser mayor que la Volatilidad Realizada, por lo cual el V-R-P es positivo. Volatilidad Realizada/Histórica La Volatilidad Histórica (HV) es la medida estadística de la dispersión de los rendimientos de un índice durante un período de tiempo determinado. La Volatilidad Histórica es un concepto bien conocido en finanzas, pero existe confusión sobre cómo se calcula exactamente. Varias fuentes pueden usar fórmulas de Volatilidad Histórica ligeramente diferentes. Para calcular la Volatilidad Histórica, utilicé el enfoque más común: desviación estándar anualizada de rendimientos logarítmicos, basada en los precios de cierre diarios. Volatilidad Implícita La Volatilidad Implícita (IV) es la previsión del mercado de un posible movimiento en el precio del índice y se expresa anualizada, utilizando porcentajes y desviaciones estándar en un horizonte de tiempo específico (generalmente 30 días). IV se utiliza para cotizar contratos de opciones donde la alta Volatilidad Implícita da como resultado opciones con primas más altas y viceversa. Además, la oferta y la demanda de opciones y el valor temporal son factores determinantes importantes para calcular la Volatilidad Implícita. La Volatilidad Implícita generalmente aumenta en los mercados bajistas y disminuye cuando el mercado es alcista. Para determinar la Volatilidad Implícita de GOLD y SILVER utilicé sus índices de volatilidad: GVZ y VXSLV (30 días IV) proporcionados por CBOE. Precaución Tenga en cuenta que debido a que CBOE no proporciona datos en tiempo real en Tradingview, mi cálculo de V-R-P también se retrasa, y por este motivo no se recomienda usar en los primeros 15 minutos desde la apertura. Este indicador está calibrado para un marco de tiempo diario.
Indicatore Pine Script®
di IQ-trading
1
Alt Golden Ratio by USCG_VetPine Script math based on the medium article by Philip Swift. Idea based from Willy Woo Charts. Disclaimer: None of this Pine Script, Title, nor Description should be used for Financial Advice. For Education Purposes Only. Purpose: Identify a Golden Ratio Cross of the 350 Daily MA vs the 111 Daily MA with Multiplier to theorize where local valuation tops or bottoms could be approximated. NOT FINANCIAL ADVICE! Parameters: DMA A: short Daily Moving Average DMA B: long Daily Moving Average Golden Ratio: point where short Daily Moving Average crosses value assigned in parameter. Indicators: S2: Cross of DMA A vs DMA B in upward direction (approximate local top) Sn: additional approximate top indicators Sell1: first approximate local bottom Selln: additional approximate local bottom indicators GR: Golden-Ratio Cross of DMA A
Indicatore Pine Script®
di USCG_Vet
4
Multi Timeframe EMA Golden Ropes [SOMMI 1.0 EDIT]Come and try out my famous Golden Ropes 💛💛💛💛 When a boxer is in the ring, they lean on the ropes for safety. And I provide this technique here, to you for free! 🥊 🏆 ... How SOMMI uses his Golden Ropes... It is simple 200 period EMA. Be bullish when price is above it, and be bearish when price is below it. This is meant to establish a bias, and not a strategy by itself. Execution - You can use this with a strategy such as Stochastics, RSI or MACD. 💚 - For example, when we're above the Golden Ropes, look for "dips" to buy, using your indicator 🧡 - And when we are below the Golden Ropes, look for "peaks" to sell. 💙 - Make sure you use a stop which is just beyond the Golden Ropes, if you are close to it. ... Two of my favorite scalping strategies... STRATEGY #1: - The market is trending one way (example: Down) and then comes back and touches the Golden Rope and holds there . - This is a great selling opportunity, most indicators will tell you to sell at this point. Lean on the Golden ropes! STRATEGY #2: - The market is slowly grinding upwards and comes back near the Golden Ropes, and holds. - Buy the dip, and put a stop beyond the Golden Ropes. 💛 BONUS!! STRATEGY #3: - The market has been grinding one way for a long time, on your selected time-frame. In this example, imagine it's been going up... - It comes back towards the Golden Ropes and CUTS right through it on the downside. - Sell through the Golden Rope, with a stop just above it. - You MUST have a good price on this strategy, if you are too late and miss it, avoid FOMO and wait for the next trade! 🥊
Indicatore Pine Script®
di sommi
4
Bitcoin Golden Ratio Fibonacci IndicatorI didn't see this one already it isn't my original idea either. I pulled the formula's from an article on medium, I also added few bear market bottom fib indicators. Credit to the article I pulled the formula from. The Golden Ratio Multiplier Unlocking the mathematically organic nature of Bitcoin adoption Go to the profile of Philip Swift (@PositiveCrypto) Philip Swift (@PositiveCrypto) Jun 17, 2019 By Philip Swift Release Notes: Fixed spelling error on title, added a couple long and short labels for the top and bottom indicator.
Indicatore Pine Script®
di bgpipes
2
Automatic Golden Ratio Support & ResistanceThe golden ratio is also called the golden mean or golden section. It has been used to analyze the proportions of natural objects as well as man-made systems such as financial markets. The mathematics of the golden ratio and of the Fibonacci sequence is intimately interconnected. The Fibonacci sequence is: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, .... This Golden Ratio indicator automatically plots 5 support levels and 5 resistance levels based on the golden ratio for current timeframe. It shows a possible price range for current session, you can easily identify the major and minor support/resistance levels from the chart. The levels of support and resistance are formed at the beginning of a new session This indicator works on all default time frames. It will never repaint. There is no parameter. All you need to do is to load it to your chart. Click the image links to view it in original size. 3.bp.blogspot.com 2.bp.blogspot.com 2.bp.blogspot.com 3.bp.blogspot.com 2.bp.blogspot.com 2.bp.blogspot.com 1.bp.blogspot.com //////////////////////////////////////////////////////////// // Technical Analysis & Research Patternsmart // // Custom indicators, Strategies, SCAN, Screener, Backtesting, Converting service for: // Tradingview, NinjaTrader, Thinkorswim, MetaTrader, MetaStock, Multicharts, Prorealtime, etc. ////////////////////////////////////////////////////////////
Indicatore Pine Script®
di Patternsmart
5
DOW / GOLD RatioThis indicator shows the ratio between the DJIA and the price of gold. When the ratio is below 5 it is generally accepted that a rotation from commodities to equities should be investigated. When the ratio is above 30 it is, likewise, advised to consider rotating from equities to commodities. This is a modest improvement of the script to mark the key thresholds where equities/commodities holdings rotations could be prudent. I’m sure I’ll be submitting a number of instances of these scripts as I learn the syntax and features while developing them.
Indicatore Pine Script®
di gurple
GOLD KEEPER – Multi‑Timeframe Trading AssistantGOLD KEEPER is a multi‑timeframe chart analysis tool designed to display visual markers when certain technical conditions are met. It is intended to assist traders in their own chart study and decision‑making. Usage Recommendations: • Use a higher timeframe (e.g., 1H, 30M, or 15M) for overall market context. • Drop to a lower timeframe (e.g., 5M or 3M) for potential entries that fit your own strategy. • Combine with your personal analysis tools such as price action, support/resistance, and volatility levels. Notes: • Invite‑only script – access is granted to authorized users. • For educational and chart‑analysis purposes only. • This tool does not provide financial advice or guarantee results.
Indicatore Pine Script®
di GK_p
Gold 3min Trading Pro [XAU/USD]# Gold 3min Trading Pro - User Guide ## Overview This is a professional scalping indicator specifically designed for Gold (XAU/USD) trading on 3-minute timeframes. It combines multiple technical analysis methods to provide high-probability entry signals for short-term trading. ## Key Features ### 1. Multi-Timeframe Trend Analysis - **Major Trend**: Analyzes 15min, 1H, and 4H timeframes using moving averages - **Short-term Trend**: Focuses on 3-minute price action and moving average alignment - **Trend Strength**: Rated from 1-3 based on timeframe agreement ### 2. Core Indicators - **RSI (9-period)**: Momentum oscillator for overbought/oversold conditions - **Stochastic (9-period)**: %K and %D lines for entry timing - **MACD**: Additional trend confirmation - **Volume Analysis**: Detects volume spikes for signal validation - **ATR-based Volatility Filter**: Ensures adequate market movement ### 3. Signal Types - **Primary Signals**: Green triangles (LONG) and Red triangles (SHORT) - **Enhanced Signals**: Stronger signals with multiple confirmations - **Confirmation Signals**: Small circles for stochastic crossovers ## How to Use ### 1. Setup - **Timeframe**: Use on 3-minute charts for Gold (XAU/USD) - **Settings**: Default settings are optimized for Gold scalping - **Session Filter**: Enable for London/New York sessions (recommended) ### 2. Entry Conditions #### LONG Entry: - Major trend is bullish (green background) - Short-term trend is up or neutral - RSI shows bullish momentum - Stochastic indicates oversold recovery - Volume spike confirmation - Strong price action (bullish candle) #### SHORT Entry: - Major trend is bearish (red background) - Short-term trend is down or neutral - RSI shows bearish momentum - Stochastic indicates overbought reversal - Volume spike confirmation - Strong price action (bearish candle) ### 3. Trade Management - **Quick Target**: 50% of ATR-based calculation - **Main Target**: Full ATR-based target - **Stop Loss**: 60% of ATR below/above entry - **Time Limit**: Exit if no progress within 20 bars (60 minutes) ### 4. Risk Management - **Position Size**: Risk 1-2% of account per trade - **Maximum Trades**: 3-5 trades per session - **Avoid**: Low volatility periods and major news events ## Visual Elements ### Background Colors - **Light Green**: Bullish major trend - **Light Red**: Bearish major trend - **Yellow**: Volume spike detected - **Intense Colors**: Very strong trend alignment ### Chart Indicators - **RSI Line (Blue)**: Main momentum indicator - **Stochastic %K (Orange)**: Fast stochastic line - **Stochastic %D (Yellow)**: Slow stochastic line - **Horizontal Lines**: 70 (overbought), 30 (oversold), 50 (midline) ### Information Table (Top Right) - Total signal count and performance statistics - Current market conditions and trend strength - RSI levels and volatility status - Trading session information - Last signal timing ## Alert System ### Standard Alerts - **Scalp Long Signal**: Basic long entry signal - **Scalp Short Signal**: Basic short entry signal - **Premium Signals**: High-quality signals with strong confirmation - **Trend Reversal**: Major trend change notifications ### Alert Setup 1. Right-click on chart → "Add Alert" 2. Select desired alert condition 3. Configure notification method (popup, email, webhook) 4. Set alert frequency to "Once Per Bar Close" ## Best Practices ### 1. Trading Sessions - **Optimal**: London-NY overlap (3:00-5:00 PM EST) - **Good**: London session (2:00-11:00 AM EST) - **Avoid**: Asian session and major news releases ### 2. Market Conditions - **Best**: Trending markets with normal to high volatility - **Moderate**: Ranging markets during active sessions - **Avoid**: Extremely low volatility or choppy conditions ### 3. Confirmation Rules - Wait for signal triangle to appear - Check that major trend aligns with signal direction - Verify volume spike (yellow background) - Ensure volatility is adequate (check info table) ### 4. Entry Timing - Enter immediately after signal confirmation - Use market orders for scalping speed - Set stop loss and take profit levels immediately ## Settings Customization ### Essential Settings - **MA Type**: EMA (recommended) or SMA - **RSI Length**: 9 (default, can adjust 5-14) - **Volume Threshold**: 1.8 (higher = fewer but stronger signals) - **Volatility Filter**: Keep enabled for better signal quality ### Display Options - **Show Scalping Signals**: Main entry signals - **Show Performance Stats**: Information table - **Show Trend Filter**: Background trend colors - **Use Time Filter**: Session-based filtering ## Performance Optimization ### 1. Backtesting Tips - Test on different market conditions - Analyze win rate and average profit/loss - Adjust settings based on historical performance ### 2. Signal Quality - Higher trend strength (2-3) = better signals - Volume confirmation improves success rate - Enhanced signals have higher probability ### 3. Risk Control - Never risk more than 2% per trade - Use proper position sizing - Stop trading after 3 consecutive losses ## Troubleshooting ### Common Issues 1. **No Signals**: Check volatility filter and session timing 2. **Too Many Signals**: Increase volume threshold or enable filters 3. **Poor Performance**: Verify timeframe (must be 3-minute) and symbol (XAU/USD) ### Support - Ensure TradingView Pro+ subscription for multi-timeframe data - Verify Gold symbol matches your broker's format - Update to latest TradingView version This indicator is designed for experienced traders familiar with scalping techniques and risk management. Always practice on demo accounts before live trading.
Indicatore Pine Script®
di okinawan21