OPEN-SOURCE SCRIPT
Gold Trend Signal Indicator
📋 Trading Rules (For XAUUSD M10 Chart)
1. Entry Rules
Long Entry: Enter a long position immediately when the green LONG label appears (20EMA crosses above 50EMA, uptrend confirmed).
Short Entry: Enter a short position immediately when the red SHORT label appears (20EMA crosses below 50EMA, downtrend confirmed).
2. Stop-Loss Rules
Long Stop-Loss: Place stop-loss order below the 50EMA line (adjust based on your risk tolerance, e.g., 0.5-1% below the line).
Short Stop-Loss: Place stop-loss order above the 50EMA line (adjust based on your risk tolerance, e.g., 0.5-1% above the line).
3. Take-Profit Rules (Optional)
Long Take-Profit: Set take-profit at 1.5-2x your risk (e.g., if you risk $100, target $150-$200 profit) or exit when 20EMA crosses back below 50EMA.
Short Take-Profit: Set take-profit at 1.5-2x your risk or exit when 20EMA crosses back above 50EMA.
4. Parameter Adjustment (Optional)
More Frequent Signals: Change Fast EMA Period to 10, Slow EMA Period to 30.
More Reliable (Less Frequent) Signals: Change Fast EMA Period to 50, Slow EMA Period to 100
Clear Visualization: Blue 20EMA, orange 50EMA, green LONG labels, red SHORT labels, and trend background color for instant trend identification.
The indicator is for reference only. The market may experience drastic changes at any time due to news events. When genuine trading opportunities arise in the market, I will also send you accurate trading signals for reference.
1. Entry Rules
Long Entry: Enter a long position immediately when the green LONG label appears (20EMA crosses above 50EMA, uptrend confirmed).
Short Entry: Enter a short position immediately when the red SHORT label appears (20EMA crosses below 50EMA, downtrend confirmed).
2. Stop-Loss Rules
Long Stop-Loss: Place stop-loss order below the 50EMA line (adjust based on your risk tolerance, e.g., 0.5-1% below the line).
Short Stop-Loss: Place stop-loss order above the 50EMA line (adjust based on your risk tolerance, e.g., 0.5-1% above the line).
3. Take-Profit Rules (Optional)
Long Take-Profit: Set take-profit at 1.5-2x your risk (e.g., if you risk $100, target $150-$200 profit) or exit when 20EMA crosses back below 50EMA.
Short Take-Profit: Set take-profit at 1.5-2x your risk or exit when 20EMA crosses back above 50EMA.
4. Parameter Adjustment (Optional)
More Frequent Signals: Change Fast EMA Period to 10, Slow EMA Period to 30.
More Reliable (Less Frequent) Signals: Change Fast EMA Period to 50, Slow EMA Period to 100
Clear Visualization: Blue 20EMA, orange 50EMA, green LONG labels, red SHORT labels, and trend background color for instant trend identification.
The indicator is for reference only. The market may experience drastic changes at any time due to news events. When genuine trading opportunities arise in the market, I will also send you accurate trading signals for reference.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.