OPEN-SOURCE SCRIPT
MGC Precision Scalper (3-Min)
Gold Scout is a confluence-based scalping tool built and tested specifically
for Micro Gold Futures (MGC) on the 3-minute chart. It does not repaint:
every signal is evaluated only on barstate.isconfirmed, so what you see in
history is exactly what would have printed live.
HOW IT WORKS
Trend structure
The script plots a moving-average stack: SMA 9, SMA 20, EMA 65, EMA 86, and
SMA 200, plus a session VWAP with standard-deviation bands. A trend ribbon
fills the gap between SMA 20 and EMA 86, tinted green when the full bullish
stack is aligned (SMA20 > EMA65 > EMA86 with price above SMA200), red for
the mirrored bearish stack, and neutral gray otherwise.
Trigger
A Buy is triggered the same bar RSI(14) crosses above a configurable level
(default 60); a Sell triggers on RSI crossing below a configurable level
(default 40). Each side is "armed" only after RSI has first retreated
through the 50 midline, and a configurable cooldown (default 6 bars)
blocks re-firing immediately after a signal — this prevents rapid-fire
duplicate signals during choppy RSI oscillation around the trigger level.
Signal quality grading (this is the core idea of the script)
Every signal is scored, not just fired blind:
- Premium: full MA stack alignment + price beyond SMA200 + strong RSI
momentum (>55 / <45 past the neutral line).
- Good: partial MA stack alignment + price on the correct side of SMA200.
- Basic: RSI cross valid, but weak or no moving-average confluence.
A "Minimum quality to show" input lets you hide Basic (and optionally
Good) signals so the chart only displays the setups you actually trade.
Noise filters
Two guards suppress low-quality environments before a signal can even
qualify:
- Chop filter: blocks signals when the SMA20-to-EMA86 gap is too small
relative to ATR(14), i.e. the MAs are tangled together.
- Extension filter: blocks entries when price is already stretched too
far from SMA20 relative to ATR — avoids chasing an exhausted move.
- RSI exhaustion filter: suppresses Buy when RSI is already deep
overbought (default 82) and Sell when deep oversold (default 18).
Session and volume
An optional session window (default 09:30–16:00 America/New_York, both
configurable) restricts signals to a chosen window, and an optional volume
filter requires above-average volume before a signal counts. Because gold
futures trade nearly around the clock, adjust the session input to match
the hours you actually trade (e.g. COMEX floor hours, or London/NY overlap)
or disable "Only signal inside session" if you want 24-hour coverage.
Dashboard
A top-right table summarizes live state: session status, trend bias, VWAP
position, RSI value, ribbon/chop status, and the current quality grade for
both sides, so you can read market context at a glance instead of
reverse-engineering it from the chart.
Alerts
Six alert conditions are included, split by side and quality grade
(Premium / Good / Basic), so you can build alert workflows that only
notify you for the grade of setup you care about.
HOW TO USE IT
This is a discretionary confluence tool, not a mechanical buy/sell system,
tuned for MGC on the 3-minute timeframe. Treat a Premium signal as
"multiple independent conditions agree," Good as "partial agreement," and
Basic as "RSI trigger only — verify manually before acting." Combine it
with your own risk management, market context, and a higher-timeframe view.
Backtest and forward-test on a simulated account before using it with real
capital.
Note: This script and its outputs are for informational and educational purposes
only. Nothing here is financial advice, and past signal behavior on
historical bars is not a guarantee of future results.
for Micro Gold Futures (MGC) on the 3-minute chart. It does not repaint:
every signal is evaluated only on barstate.isconfirmed, so what you see in
history is exactly what would have printed live.
HOW IT WORKS
Trend structure
The script plots a moving-average stack: SMA 9, SMA 20, EMA 65, EMA 86, and
SMA 200, plus a session VWAP with standard-deviation bands. A trend ribbon
fills the gap between SMA 20 and EMA 86, tinted green when the full bullish
stack is aligned (SMA20 > EMA65 > EMA86 with price above SMA200), red for
the mirrored bearish stack, and neutral gray otherwise.
Trigger
A Buy is triggered the same bar RSI(14) crosses above a configurable level
(default 60); a Sell triggers on RSI crossing below a configurable level
(default 40). Each side is "armed" only after RSI has first retreated
through the 50 midline, and a configurable cooldown (default 6 bars)
blocks re-firing immediately after a signal — this prevents rapid-fire
duplicate signals during choppy RSI oscillation around the trigger level.
Signal quality grading (this is the core idea of the script)
Every signal is scored, not just fired blind:
- Premium: full MA stack alignment + price beyond SMA200 + strong RSI
momentum (>55 / <45 past the neutral line).
- Good: partial MA stack alignment + price on the correct side of SMA200.
- Basic: RSI cross valid, but weak or no moving-average confluence.
A "Minimum quality to show" input lets you hide Basic (and optionally
Good) signals so the chart only displays the setups you actually trade.
Noise filters
Two guards suppress low-quality environments before a signal can even
qualify:
- Chop filter: blocks signals when the SMA20-to-EMA86 gap is too small
relative to ATR(14), i.e. the MAs are tangled together.
- Extension filter: blocks entries when price is already stretched too
far from SMA20 relative to ATR — avoids chasing an exhausted move.
- RSI exhaustion filter: suppresses Buy when RSI is already deep
overbought (default 82) and Sell when deep oversold (default 18).
Session and volume
An optional session window (default 09:30–16:00 America/New_York, both
configurable) restricts signals to a chosen window, and an optional volume
filter requires above-average volume before a signal counts. Because gold
futures trade nearly around the clock, adjust the session input to match
the hours you actually trade (e.g. COMEX floor hours, or London/NY overlap)
or disable "Only signal inside session" if you want 24-hour coverage.
Dashboard
A top-right table summarizes live state: session status, trend bias, VWAP
position, RSI value, ribbon/chop status, and the current quality grade for
both sides, so you can read market context at a glance instead of
reverse-engineering it from the chart.
Alerts
Six alert conditions are included, split by side and quality grade
(Premium / Good / Basic), so you can build alert workflows that only
notify you for the grade of setup you care about.
HOW TO USE IT
This is a discretionary confluence tool, not a mechanical buy/sell system,
tuned for MGC on the 3-minute timeframe. Treat a Premium signal as
"multiple independent conditions agree," Good as "partial agreement," and
Basic as "RSI trigger only — verify manually before acting." Combine it
with your own risk management, market context, and a higher-timeframe view.
Backtest and forward-test on a simulated account before using it with real
capital.
Note: This script and its outputs are for informational and educational purposes
only. Nothing here is financial advice, and past signal behavior on
historical bars is not a guarantee of future results.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.