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 abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.