High Volume Points from BigBeluga updated scriptThank you Bigbeluga for this amazing code. I have updated the code little bit to add alerts and also to allow user to adjust setting of selection of left bar and right bar in settings.
The High Volume Points script from BigBeluga is designed to detect significant price levels (pivots) on a chart that occur alongside high trading volumes. These points can be potential areas for reversals or key support/resistance levels. The script plots circles at pivot points and allows for visual analysis of these significant price levels in conjunction with volume.
This can help traders identify critical points in the market where the price might reverse or consolidate, particularly when high volume is present, indicating strong market participation.
Main Features of the Script:
Pivot Points Detection:
The script identifies pivot highs and pivot lows. A pivot high is a point where the price is higher than its neighboring bars, and a pivot low is where the price is lower than its neighboring bars.
These pivots are calculated using a user-defined number of bars to the left and right of the pivot (controlled by the leftBars and rightBars input).
Volume Filtering:
The script filters pivots by volume. Only pivots that occur when the volume exceeds a certain threshold (set by the filter_vol input) are plotted and considered significant.
Volume is normalized to a scale of 0 to 6, based on its percentile rank relative to the recent historical volumes.
Visual Aids:
Circles are drawn around the pivot points to make them easy to spot. These circles' size and position depend on the volume and proximity to the pivot.
The script uses different colors for pivot highs and pivot lows (defined by upper_col for highs and lower_col for lows) to differentiate between the two types of pivots.
The script also draws levels (lines) at pivot highs and lows, which extend indefinitely to the right of the chart to highlight key support or resistance zones.
Dynamic Line Widths:
The width of the lines drawn at the pivots is dynamically adjusted based on the normalized volume, providing an indication of how significant the volume is relative to the overall market.
Volume Threshold:
The script compares the current volume to a reference volume (the 95th percentile of volume over the lookback period). This comparison determines whether the volume is considered "high" and therefore worthy of highlighting on the chart.
Alerts:
Alert conditions are set up to notify you when significant events happen on the chart, such as:
When a pivot high occurs with high volume.
When a pivot low occurs with high volume.
When any point with high volume is detected (not necessarily a pivot).
These alerts help you stay informed in real-time when key price points and volume surges happen.
Usage Instructions:
How to Use the Script:
Set the Script on the Chart:
After copying and pasting the script into the Pine Script editor in TradingView, add the indicator to your chart.
Visualizing Key Points:
Once the script is running on your chart, it will start plotting circles at the locations of detected pivot highs and pivot lows, with the size of the circle representing the volume of that bar relative to recent volume.
The circles are drawn in different colors for pivot highs and lows, making it easy to distinguish between them.
Lines will be drawn at the detected pivot points, extending indefinitely to the right, providing potential support or resistance levels.
Adjusting Settings (If Desired):
The script allows you to adjust several input parameters to customize its behavior:
Diameter Of Circles (step): Controls the size of the circles plotted around the pivots.
Filter Points by Volume (filter_vol): Sets the minimum volume level for a pivot to be plotted.
Length: Controls how many bars to consider on the left and right of a pivot when detecting pivot points.
Show Levels (show_lvl): Toggle whether or not the levels (lines) are displayed on the chart.
Adjusting these settings allows you to fine-tune how sensitive the script is to volume and how much historical data is considered in detecting pivots.
Alerts:
To set up alerts, click on the Alerts button (the alarm clock icon) in TradingView.
Create a new alert and select one of the following conditions:
Pivot High with High Volume: Triggers when a pivot high with high volume is detected.
Pivot Low with High Volume: Triggers when a pivot low with high volume is detected.
High Volume Point: Triggers when any high volume point (pivot or not) is detected.
Choose the notification method (e.g., pop-up, email, webhook, etc.), and the alert will notify you when the condition is met.
Example Use Case:
Trend Reversal Confirmation: If you're analyzing a bullish trend, a sudden pivot high with high volume could indicate a potential trend reversal or resistance point. Similarly, a pivot low with high volume could indicate a potential support level.
Volume Surge Detection: High volume points not necessarily related to a pivot could indicate unusual market activity. By setting up alerts for high-volume points, you can be alerted when the market is showing unusual participation, which might signify important upcoming price movements.
Final Thoughts:
This script is primarily designed to help traders spot significant price levels (pivots) along with the volume that validates these levels. It's a useful tool for identifying potential reversal points or important support and resistance areas. By using the alerts, you can automate the process of monitoring these levels and volume surges, ensuring you don't miss important opportunities.
Volume
Volume-Based Trade SignalsSuper Scalping Trade Signals based on Buying and Selling Pressure
Back tested - 81% Win Rate - Best for quick trades. In and out of candles within the minute
SFP- Milana Trades (with Alert ) The Swing Failure Pattern (SFP) is a pattern based on false breakouts of local highs or lows. It is used to search for entry points against the direction of the current price movement.
How does SFP work?
The price breaks through the previous high or low (creating the appearance of continuing the trend).
It is not fixed to the level and quickly returns back, leaving a" trap " for traders.
A trend reversal or local correction is an ideal entry point for traders who use a false breakout strategy.
I adedd to this indicator alert and you can get notification when this model formed
Range Rotation Scalping - Gold & BTCTuning for Gold & BTC
Range Threshold (0.3%):
Gold: Moves ~0.1–0.5% intraday on 1m–60m charts during active hours (e.g., London/NY session). 0.3% keeps ranges tight but realistic.
BTC: Can move 0.5–2% in minutes, but 0.3% works for micro-ranges on lower timeframes (e.g., 5m).
Value Area Size (0.7%):
Centered on Tap 1, ±0.7% fits both assets:
Gold: ~$15–20 range around a $2,000 price on 5m–15m.
BTC: ~$300–500 range around a $60,000 price on 5m–15m.
Keeps the BoS fractal within a scalp-friendly zone.
Stop Loss (0.4%) & Take Profit (0.8%):
Gold: 0.4% ≈ $8 stop, $16 profit at $2,000—quick and achievable.
BTC: 0.4% ≈ $240 stop, $480 profit at $60,000—suits its volatility.
1:2 risk-reward ratio for scalping consistency.
Lookback (3):
Momentum Fusion CycleSync Analyzera powerhouse of technical analysis, blending multiple momentum, volume, and price-based tools into a single, cohesive package. i have created a new and imrproved RSI there is another indicator I have published id recommend you use this one
Core Components
RSI (Relative Strength Index)
-Provides a solid foundation for momentum analysis, identifying overbought (>70) and oversold (<30) conditions. It’s a trader favorite for its reliability and simplicity.
Stochastic RSI (Stoch RSI)
-Enhances sensitivity to momentum shifts, catching faster oscillations within RSI’s range. The dual K/D lines offer crossover signals for precise entry/exit points.
Combined RSI
-Smooths out noise by merging two momentum perspectives into one robust signal. It’s like getting the best of both worlds—RSI’s stability and Stoch RSI’s responsiveness.
cRSI (Cycle-Adjusted RSI)
-Incorporates cyclic memory and dynamic torque adjustments, making it adaptive to market rhythms. Paired with dynamic bands (upper ub and lower db in aqua), it highlights momentum extremes with precision, offering a fresh twist on traditional RSI.
VWAP (Volume Weighted Average Price)
-Brings price-volume context into the mix, with bullish/bearish signals (green "Bull" up-triangles, red "Bear" down-triangles) triggered only on crossovers with RSI, Stoch RSI, Combined RSI, cRSI, or cRSI bands. This event-based signaling cuts through noise, spotlighting key momentum shifts.
CVD (Cumulative Volume Delta)
-Adds a volume dimension, revealing buying vs. selling pressure over time. Customizable resets (e.g., daily, session start) and intrabar precision options make it versatile for scalpers and swing traders alike.
Multi-Layered Momentum Analysis
Combines four RSI variants (RSI, Stoch RSI, Combined RSI, cRSI) in one pane, giving you a panoramic view of momentum from different angles. It’s like having a momentum Swiss Army knife—versatile and powerful.
Dynamic cRSI Bands
The upper (ub) and lower (db) bands adapt to cRSI’s range over a cyclic memory period, plotted in aqua with a gray fill. This isn’t just eye candy—it’s a practical tool for spotting overextension and mean reversion opportunities with a modern twist.
Event-Based VWAP Signals
Instead of constant bullish/bearish chatter, VWAP signals fire only on crossovers with other indicators or bands. This reduces clutter and pinpoints high-probability turning points, making it a trader’s dream for timing entries and exits.
Volume Insight with CVD
CVD’s integration of intrabar volume delta (via request.security_lower_tf) offers a rare glimpse into real-time buying/selling pressure. Whether as a smooth line or detailed candles, it’s a standout feature for volume-driven strategies.
Divergence Detection
Built-in logic for regular and hidden bullish/bearish divergences on combinedRsi, with customizable labels (e.g., "R Bull", "H Bear"). Plotted with clear shapes and colors, it’s a goldmine for spotting trend reversals or continuations.
Buy/Sell Signals
Triggers "BUY" (green) and "SELL" (red) labels when combinedRsi hits pivot lows below os or highs above ob. These actionable signals tie momentum to price action, giving you clear calls without guesswork.
Customizability
Tons of inputs: RSI lengths, Stoch smoothing, cRSI cycle settings, VWAP/CVD toggles, divergence types, and more. It’s tailored to fit any trading style, from scalping to long-term analysis.
Visual Clarity
Color-coded lines (blue, red, green, purple, fuchsia, orange, yellow) and shapes (triangles, labels) make it easy to read at a glance. Overbought/oversold fills (red/green) and cRSI band fills (gray) add depth without overwhelming the chart.
All-in-One Powerhouse: Most indicators focus on one angle (momentum, volume, or price). "Momentum Fusion " fuses them all, saving you from juggling multiple tools.
Precision and Adaptability: From cycle-adjusted cRSI to event-driven VWAP signals, it’s built for accuracy and flexibility across market conditions.
Scales Smartly: With values clamped to 0-100 and CVD candles normalized, it avoids the "zoomed-out" issue (once enabled correctly), keeping your focus on the action.
Trader-Friendly: Whether you’re hunting divergences, riding momentum, or analyzing volume-pressure shifts, it’s got you covered with clear, actionable outputs.
Multi-Timeframe VWAP Master ProThe Multi-Timeframe VWAP Suite is a comprehensive and highly customizable indicator designed for traders who rely on Volume-Weighted Average Price (VWAP) across multiple timeframes and periods. This tool provides a complete suite of VWAP calculations, including daily, weekly, monthly, quarterly, yearly, and custom VWAPs, allowing traders to analyze price action and volume trends with precision. Whether you're a day trader, swing trader, or long-term investor, this indicator offers unparalleled flexibility and depth for your trading strategy.
Multi-Timeframe VWAPs:
Daily, Weekly, Monthly, Quarterly, and Yearly VWAPs: Track VWAP across various timeframes to identify key support and resistance levels.
Customizable Timeframes: Use the SMA timeframe input to adjust the period for moving averages and other calculations.
Previous Period VWAPs:
Previous Daily, Weekly, Monthly, and Quarterly VWAPs: Analyze historical VWAP levels to understand past price behavior and identify potential reversal zones.
Previous Year Quarterly VWAPs: Compare current price action to VWAP levels from specific quarters of the previous year.
Custom VWAPs:
Custom Start Date and Timeframe: Define your own VWAP periods by specifying a start date and timeframe, allowing for tailored analysis.
Dynamic Custom VWAP Calculation: Automatically calculates VWAP based on your custom inputs, ensuring flexibility for unique trading strategies.
Seasonal and Yearly VWAPs:
April, July, and October VWAPs: Analyze seasonal trends by tracking VWAP levels for specific months.
Yearly VWAP: Get a broader perspective on long-term price trends with the yearly VWAP.
SMA Integration:
SMA Overlay: Combine VWAP analysis with a Simple Moving Average (SMA) for additional confirmation of trends and reversals.
Customizable SMA Length and Timeframe: Adjust the SMA settings to match your trading style and preferences.
User-Friendly Customization:
Toggle Visibility and Labels: Easily enable or disable the display of specific VWAPs and their labels to keep your chart clean and focused.
Color Customization: Each VWAP line and label is color-coded for easy identification and can be customized to suit your preferences.
Dynamic Labeling:
Automatic Labels: Labels are dynamically placed on the last bar, providing clear and concise information about each VWAP level.
Customizable Label Text: Labels include detailed information, such as the timeframe or custom period, for quick reference.
Flexible Timeframe Detection:
Automatic Timeframe Detection: The indicator automatically detects new days, weeks, months, and quarters, ensuring accurate VWAP calculations.
Support for Intraday and Higher Timeframes: Works seamlessly on all chart timeframes, from 1-minute to monthly charts.
Previous Year Quarterly VWAPs:
Q1, Q2, Q3, Q4 VWAPs: Compare current price action to VWAP levels from specific quarters of the previous year.
User-Selectable Year: Choose the year for which you want to calculate previous quarterly VWAPs.
Persistent Monthly VWAPs:
Option to Persist Monthly VWAPs Year-Round: Keep monthly VWAP levels visible even after the month ends for ongoing analysis.
Comprehensive Analysis: Combines multiple VWAP timeframes and periods into a single tool, eliminating the need for multiple indicators.
Customizable and Flexible: Tailor the indicator to your specific trading strategy with customizable timeframes, periods, and settings.
Enhanced Decision-Making: Gain deeper insights into price action and volume trends across different timeframes, helping you make more informed trading decisions.
Clean and Organized Charts: Toggle visibility and labels to keep your chart clutter-free while still accessing all the information you need.
Ideal For:
Day Traders: Use daily and intraday VWAPs to identify intraday support and resistance levels.
Swing Traders: Analyze weekly and monthly VWAPs to spot medium-term trends and reversals.
Long-Term Investors: Leverage quarterly and yearly VWAPs to understand long-term price behavior and key levels.
Seasonal Traders: Track April, July, and October VWAPs to capitalize on seasonal trends.
The Multi-Timeframe VWAP Suite is a powerful and versatile tool for traders of all styles and timeframes. With its comprehensive suite of VWAP calculations, customizable settings, and user-friendly design, it provides everything you need to analyze price action and volume trends with precision and confidence. Whether you're looking to fine-tune your intraday strategy or gain a broader perspective on long-term trends, this indicator has you covered.
HFX Smart MoneyIMBALANCE
LIQLa liquidez en el mercado Forex (mercado de divisas) se refiere a la facilidad con la que un activo, en este caso las divisas, puede comprarse o venderse sin causar un impacto significativo en su precio. Es decir, un mercado líquido es aquel donde hay suficientes compradores y vendedores para ejecutar transacciones rápidamente y a precios cercanos al valor actual del mercado.
Multi-Timeframe VWAP DashboardMulti-Timeframe VWAP Dashboard with Advanced Customization**
Unlock the power of **Volume-Weighted Average Price (VWAP)** across multiple timeframes with this highly customizable and feature-rich Pine Script. Designed for traders who demand precision and flexibility, this script provides a **comprehensive VWAP dashboard** that adapts to your trading style and strategy. Whether you're a day trader, swing trader, or long-term investor, this tool offers unparalleled insights into market trends and price levels.
---
### **Key Features:**
1. **Multi-Timeframe VWAP Calculation:**
- Calculate VWAP across **12-minute, 48-minute, 96-minute, 192-minute, daily, weekly, monthly, and even yearly timeframes**.
- Supports **custom timeframes** for tailored analysis.
2. **Price Source Selection:**
- Choose from multiple price sources for VWAP calculation, including **Open, High, Low, Close, HL2, HLC3, HLCC4, and All**.
- Optimize VWAP for **uptrends and downtrends** by selecting the most relevant price source.
3. **Customizable Labels:**
- Add **dynamic labels** to each VWAP line for quick reference.
- Customize label **colors, sizes, and offsets** to suit your chart setup.
- Display **price values** and **session types** (e.g., "12 Min", "Daily", "Weekly") directly on the chart.
4. **Advanced Session Detection:**
- Automatically detect new sessions for **intraday, daily, weekly, monthly, and yearly timeframes**.
- Ensures accurate VWAP calculations for each session.
5. **Plot Visibility Control:**
- Toggle the visibility of individual VWAP plots to **reduce clutter** and focus on the most relevant timeframes.
- Includes options for **short-term, medium-term, and long-term VWAPs**.
6. **Comprehensive Timeframe Coverage:**
- From **12-minute intervals** to **12-month intervals**, this script covers all major timeframes.
- Perfect for traders who analyze markets across multiple horizons.
7. **User-Friendly Inputs:**
- Intuitive input options for **timeframes, colors, labels, and offsets**.
- Easily customize the script to match your trading preferences.
8. **Dynamic Label Positioning:**
- Labels adjust automatically based on price movements and session changes.
- Choose from **multiple offset options** to position labels precisely.
9. **Miscellaneous Customization:**
- Adjust **text color, label size, and price display settings**.
- Enable or disable **price values** and **session type labels** for a cleaner chart.
---
### **Why Use This Script?**
- **Versatility:** Suitable for all trading styles, including scalping, day trading, swing trading, and long-term investing.
- **Precision:** Accurate VWAP calculations across multiple timeframes ensure you never miss key price levels.
- **Customization:** Tailor the script to your specific needs with a wide range of input options.
- **Clarity:** Dynamic labels and customizable plots make it easy to interpret market trends at a glance.
---
### **How It Works:**
1. **Select Your Price Source:**
- Choose the price source (e.g., Open, Close, HL2) for VWAP calculation based on your trading strategy.
2. **Choose Timeframes:**
- Define the timeframes for VWAP calculation, from intraday to yearly intervals.
3. **Customize Labels and Plots:**
- Enable or disable labels and plots for each timeframe.
- Adjust colors, sizes, and offsets to match your chart setup.
4. **Analyze Market Trends:**
- Use the VWAP lines and labels to identify **support/resistance levels**, **trend direction**, and **potential reversal points**.
5. **Adapt to Market Conditions:**
- Switch between timeframes and price sources to adapt to changing market conditions.
---
### **Ideal For:**
- **Day Traders:** Use short-term VWAPs (e.g., 12-minute, 48-minute) to identify intraday trends and key levels.
- **Swing Traders:** Leverage medium-term VWAPs (e.g., 96-minute, daily) to spot swing opportunities.
- **Long-Term Investors:** Analyze long-term VWAPs (e.g., weekly, monthly) to gauge overall market direction.
---
### **How to Get Started:**
1. Add the script to your TradingView chart.
2. Customize the inputs to match your trading preferences.
3. Analyze the VWAP lines and labels to make informed trading decisions.
---
### **Pro Tip:**
Combine this script with other technical indicators (e.g., moving averages, RSI) for a **holistic view** of the market. Use the VWAP lines as dynamic support/resistance levels to enhance your entry and exit strategies.
This script is a must-have tool for traders who value precision, flexibility, and clarity. Share it with your audience to help them elevate their trading game. Whether they're beginners or seasoned professionals, this **Multi-Timeframe VWAP Dashboard** will become an essential part of their toolkit.
WELZY MACMACD + 50 EMA + 1H Engulfing Strategy
A trend-following strategy combining daily/weekly MACD and 50 EMA for direction, with 1H engulfing candles and volume spikes for precise entries.
Buy: Daily/Weekly MACD > 0, price > daily 50 EMA, 1H bullish engulfing, volume > 20 EMA.
Sell: Daily/Weekly MACD < 0, price < daily 50 EMA, 1H bearish engulfing, volume > 20 EMA.
Works on XAU/USD, forex pairs, and indices. Best on 1H charts—green triangles for buy, red for sell.
666 ScalpingRemember, technical indicators are merely tools to assist in analysis, not absolute signals for entry. Market movements are driven by supply and demand dynamics in real-time. Use indicators as additional confirmation, not as the sole basis for trading decisions. Always consider market context, news, and fundamental factors for a more informed and strategic approach.
BTC Spot vs Perpetual CVD DivergenceThis indicator:
Data Sources:
Uses Binance BTC/USDT for spot market
Uses Binance BTC/USD perpetual (USD-M) for futures market
Both symbols should be available on TradingView
CVD Approximation:
Since true CVD requires order book data (not fully available in Pine Script), we approximate it by:
Multiplying volume by price direction (+1 for up bars, -1 for down bars)
Summing over the specified lookback period
Normalization:
Normalizes both CVD values to a -1 to 1 range for fair comparison
This accounts for different volume scales between spot and perpetual markets
Divergence Calculation:
Subtracts normalized perpetual CVD from spot CVD
Positive values indicate spot market is more bullish than perpetual
Negative values indicate perpetual market is more bullish than spot
Visualization:
Red line: Main divergence indicator
Green line: Normalized spot CVD
Blue line: Normalized perpetual CVD
Green background: Strong positive divergence (>0.5)
Red background: Strong negative divergence (<-0.5)
Gray dashed line at zero
Limitations:
This is an approximation since true CVD requires buy/sell volume separation, which isn't directly available
Results may vary depending on timeframe and lookback period
Assumes volume data reliability from both markets
(Optimized) Volume Based Colored Bars Volume Based Colored Bars (VCB)
This indicator analyzes the relationship between price action and volume to provide visual cues for traders. It colors the price bars based on whether the bar's volume is high, medium, or low relative to the moving average of volume. Additionally, it distinguishes between bullish (price closed higher than it opened) and bearish (price closed lower than it opened) bars, offering a quick and intuitive way to assess market sentiment and activity.
Key Features:
Volume Classification:
High Volume: Volume is greater than 1.5 times the moving average.
Medium Volume: Volume is between 0.5 and 1.5 times the moving average.
Low Volume: Volume is less than 0.5 times the moving average.
Price Action Analysis:
Bullish Bars: Bars where the closing price is higher than the opening price.
Bearish Bars: Bars where the closing price is lower than the opening price.
Bar Colors:
Bearish High Volume: Dark red.
Bearish Medium Volume: Red.
Bearish Low Volume: Orange.
Bullish High Volume: Dark green.
Bullish Medium Volume: Lime green.
Bullish Low Volume: Aquamarine.
This indicator helps traders quickly identify when price movements are supported by significant volume, offering potential insights into market strength or weakness. Ideal for both novice and experienced traders looking for an edge in their analysis.
TheSmartTradingGuy - Master Script 001TheSmartTradingGuy - Master Script 001 (Youtube: @thesmarttradingguy)
📌 Overview:
The Master Script 001 is an advanced trading indicator designed to help traders identify trends, key support & resistance levels, and momentum shifts. It integrates multiple technical indicators, including ADX, RSI, Moving Averages, VWAP, Pivot Points, and Supertrend, to provide a comprehensive trading strategy.
🔹 Key Features:
✔ ADX Trend Detection – Helps filter out weak trends and avoid no-trade zones.
✔ Supertrend-Based Buy/Sell Signals – Provides dynamic trend-following signals.
✔ Long-Term & Short-Term Moving Averages – Identifies market direction.
✔ RSI with Customizable Moving Average Smoothing – Detects overbought/oversold conditions.
✔ VWAP (Volume-Weighted Average Price) – Helps track institutional price levels.
✔ Pivot Points with Support & Resistance Levels – Identifies key price action zones.
📊 How to Use:
1️⃣ Trend Confirmation: Use ADX and Moving Averages to confirm strong trends.
2️⃣ Entry Signals: Buy when a bullish Supertrend signal appears & price is above VWAP. Sell when a bearish signal appears & price is below VWAP.
3️⃣ Momentum & Strength: Check RSI levels and ADX values to validate trade setups.
4️⃣ Support & Resistance: Use Pivot Points to identify potential reversal or breakout zones.
5️⃣ VWAP for Institutional Levels: Monitor VWAP positioning to gauge market sentiment.
⚙ Customization:
🔹 Adjust ADX, Supertrend Multiplier, RSI Length, and Moving Average Type to fit your trading style.
🔹 Enable/Disable Signals, VWAP, and Pivots as per your preference.
📌 Ideal for:
✅ Trend Traders
✅ Scalpers & Swing Traders
✅ Institutional & Retail Traders
🛑 Risk Disclaimer:
This script is for educational purposes only. Always perform your own analysis before taking any trade. Past performance does not guarantee future results.
🚀 Developed by: TheSmartTradingGuy
Dynamic Momentum IndexAn adaptive momentum oscillator that adjusts its period (3–30) based on volatility. Uses closing price, 5-period StdDev, and 10-period SMA to set a dynamic RSI. Overbought above 70, oversold below 30.
Stochastic Crossover/Crossunder buy /sell /4h 1d 3dShow Stochastic Crossover Signal 4h 1d 3d buy/sell
Scalping XAUUSD with Alerts By FahrizalScalping XAUUSD with Alerts By Fahrizal
Overview
Welcome to "Scalping XAUUSD with Alerts," a fast-paced trading strategy crafted for XAUUSD (Gold vs. USD) enthusiasts! Designed by Fahrizal, this strategy leverages short-term price movements, making it perfect for scalpers who thrive on quick trades and tight risk management. Built with precision and adaptability, it combines EMA crossovers, RSI confirmation, and dynamic ATR-based exits to optimize your gold scalping experience.
How It Works
Entry Signals:
Buy: 5-period EMA crosses above 15-period EMA, with RSI > 50 for momentum confirmation.
Sell: 5-period EMA crosses below 15-period EMA, with RSI < 50.
Dynamic Exits:
Stop Loss (SL): 1x ATR for controlled risk.
Take Profit 1 (TP1): 1.5x ATR, closing 50% of the position.
Take Profit 2 (TP2): 3x ATR, closing the remaining 50%.
Visuals & Alerts:
Signals are marked with green (buy) and red (sell) triangles on the chart.
SL, TP1, and TP2 levels are displayed via labels for real-time tracking.
Simple alerts notify you of new buy/sell signals—check the chart for details.
Recommended Settings
Symbol: XAUUSD
Timeframe: M5 (5-minute) for optimal scalping, though M1 or M15 can be tested.
Best Sessions: High-volatility periods like London-New York overlap (e.g., 2:00 PM - 6:00 PM EST).
Customization
Adjust the ATR multipliers in the inputs:
SL Multiplier: Default 1.0 (e.g., 5 pips at ATR 0.5).
TP1 Multiplier: Default 1.5 (e.g., 7.5 pips at ATR 0.5).
TP2 Multiplier: Default 3.0 (e.g., 15 pips at ATR 0.5). Tweak these to suit your risk-reward preferences!
Why Use This Strategy?
Perfect for scalpers seeking fast entries and exits.
ATR-based exits adapt to market volatility, balancing risk and reward.
Clear visuals and alerts keep you in the loop without constant monitoring.
Tips for Success
Backtest on historical XAUUSD data to fine-tune performance.
Watch out for spreads—ensure your broker’s costs align with the tight TP levels.
Trade during volatile sessions for bigger ATR values and better pip potential.
Final Words
This strategy is my take on scalping gold with efficiency and clarity. Whether you're a beginner or a seasoned trader, I hope it brings you profitable trades and a smooth experience. Feel free to share feedback or suggestions—happy trading!
Fibonacci Retracement with Color FillFibonacci Retracement with Color Fill With percentage numbers, Fibonacci
MACD + 50 EMA + 1H Engulfing StrategyMACD + 50 EMA + 1H Engulfing Strategy
A trend-following strategy combining daily/weekly MACD and 50 EMA for direction, with 1H engulfing candles and volume spikes for precise entries.
Buy: Daily/Weekly MACD > 0, price > daily 50 EMA, 1H bullish engulfing, volume > 20 EMA.
Sell: Daily/Weekly MACD < 0, price < daily 50 EMA, 1H bearish engulfing, volume > 20 EMA.
Works on XAU/USD, forex pairs, and indices. Best on 1H charts—green triangles for buy, red for sell.
Volume BaseVolume Base Indicator
Description:
The Volume Base indicator is designed to help traders identify significant price levels based on volume and price action. This tool utilizes pivot points to highlight swing highs and lows, providing visual cues for potential support and resistance areas.
Key Features:
Pivot Lookback: Customize the lookback period for identifying swing highs and lows, allowing for flexibility based on your trading strategy.
Swing Area Options: Choose between "Wick Extremity" and "Full Range" to define the area of interest for swing points, catering to different trading styles.
Intrabar Precision: Enable intrabar precision to analyze volume data on a lower timeframe, enhancing the accuracy of your signals.
Volume Filtering: Filter areas based on either the count of occurrences or the total volume, helping you focus on the most relevant price levels.
Visual Customization: Adjust colors and styles for swing highs, swing lows, and their respective areas to suit your personal preferences and improve chart readability.
Dynamic Labels and Zones: Automatically generated labels and zones for swing highs and lows provide clear visual indicators of potential market reversals or continuations.
How to Use:
Set the Lookback Period: Adjust the pivot lookback period to match your trading timeframe.
Select Swing Area Type: Choose whether to focus on the wick extremity or the full range of the swing.
Enable Intrabar Precision: If desired, turn on intrabar precision for more detailed volume analysis.
Filter Settings: Decide whether to filter by count or volume and set your threshold value accordingly.
Analyze the Chart: Observe the plotted swing highs and lows, along with their respective zones, to make informed trading decisions.
Disclaimer: This indicator is for educational purposes only and should not be considered financial advice. Always conduct your own research and analysis before making trading decisions.
Flowmatic LTF/HTF SpheresRSI 30-70 Sphere layer script
Pairs great with ML community script
Great for LTF scalping or rule based trading
