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THE ELVINATOR

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THE ELVINATOR is my trend-following momentum indicator built on the 20 EMA, 50 EMA, and 200 EMA, designed for trading **XAUUSD during the New York session (9:30–17:00 NY time), Monday through Friday**.

**How to trade it:**

* **Trend filter:** Only take **longs above the 200 EMA** and **shorts below the 200 EMA**. This keeps trades aligned with Gold’s dominant direction.
* **Long setups:** A **20 EMA cross above the 50 EMA** signals bullish momentum. Best entries come after a pullback into the 20–50 EMA zone followed by strong continuation candles.
* **Short setups:** A **20 EMA cross below the 50 EMA** signals bearish momentum. Look for pullbacks into the EMA zone and rejection before continuation lower.
* **Timing:** Focus on NY open and high-volume moves. Avoid choppy conditions and late-session exhaustion.
* **Risk & exits:** Place stops beyond recent swings or EMA structure. Targets can be prior highs/lows or scaled with trend continuation.

THE ELVINATOR is built for **structure, patience, and disciplined execution**, allowing traders to capitalize on Gold’s volatility without chasing noise.
版本注释
Added Black & White Candle Color Option.
版本注释
Updated names and colors within the indicator settings
版本注释
Added a parabolic sar that follows the 200 EMA long term trend. Only the trend following dots will appear.
版本注释
Updated size, color and shape of SAR DOTS
版本注释
Wording and titles update

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