OPEN-SOURCE SCRIPT
Gold Golden Zone with TP/SL
1. Higher Timeframe (HTF) Trend
The script fetches the close and an EMA (user‑defined length) from a higher timeframe (e.g., 1‑hour).
HTF Bullish → HTF close > HTF EMA
HTF Bearish → HTF close < HTF EMA
This ensures that entries align with the broader market direction.
2. Swing Detection for Fibonacci
Uses ta.pivothigh and ta.pivotlow with a user‑defined lookback (fib_swing_length) to find the most recent major swing high and low.
Stores both the price and the bar index of these swings.
Determines the current trend structure:
Uptrend when the last swing low occurred before the last swing high.
Downtrend when the last swing high occurred before the last swing low.
3. Fibonacci Golden Zone
For an uptrend, the Fibonacci levels are drawn from the swing low (0%) to the swing high (100%).
For a downtrend, they are drawn from the swing high (0%) to the swing low (100%).
The Golden Zone is the area between the 50% and 61.8% retracement levels – highlighted with a yellow box.
The script stores the exact values of the 50% and 61.8% levels (fib_50 and fib_618).
4. Position in Golden Zone
Long condition (in_golden_zone_uptrend):
low <= fib_50 and high >= fib_618
(Price overlaps the 50%–61.8% region during an uptrend)
Short condition (in_golden_zone_downtrend):
high >= fib_50 and low <= fib_618
(Price overlaps the 50%–61.8% region during a downtrend)
5. Raw Signals
Raw Long = HTF Bullish AND in_golden_zone_uptrend
Raw Short = HTF Bearish AND in_golden_zone_downtrend
6. Optional Confirmation Triggers
If the user enables use_confirmation, the signal must also satisfy one of the following:
Structure Break
Bullish: close above the last minor swing low (structure_lookback)
Bearish: close below the last minor swing high
Momentum Candle
Body of the current candle > 70% of its total range (indicating strong directional momentum)
Confirmation helps filter out false entries in choppy markets.
The script fetches the close and an EMA (user‑defined length) from a higher timeframe (e.g., 1‑hour).
HTF Bullish → HTF close > HTF EMA
HTF Bearish → HTF close < HTF EMA
This ensures that entries align with the broader market direction.
2. Swing Detection for Fibonacci
Uses ta.pivothigh and ta.pivotlow with a user‑defined lookback (fib_swing_length) to find the most recent major swing high and low.
Stores both the price and the bar index of these swings.
Determines the current trend structure:
Uptrend when the last swing low occurred before the last swing high.
Downtrend when the last swing high occurred before the last swing low.
3. Fibonacci Golden Zone
For an uptrend, the Fibonacci levels are drawn from the swing low (0%) to the swing high (100%).
For a downtrend, they are drawn from the swing high (0%) to the swing low (100%).
The Golden Zone is the area between the 50% and 61.8% retracement levels – highlighted with a yellow box.
The script stores the exact values of the 50% and 61.8% levels (fib_50 and fib_618).
4. Position in Golden Zone
Long condition (in_golden_zone_uptrend):
low <= fib_50 and high >= fib_618
(Price overlaps the 50%–61.8% region during an uptrend)
Short condition (in_golden_zone_downtrend):
high >= fib_50 and low <= fib_618
(Price overlaps the 50%–61.8% region during a downtrend)
5. Raw Signals
Raw Long = HTF Bullish AND in_golden_zone_uptrend
Raw Short = HTF Bearish AND in_golden_zone_downtrend
6. Optional Confirmation Triggers
If the user enables use_confirmation, the signal must also satisfy one of the following:
Structure Break
Bullish: close above the last minor swing low (structure_lookback)
Bearish: close below the last minor swing high
Momentum Candle
Body of the current candle > 70% of its total range (indicating strong directional momentum)
Confirmation helps filter out false entries in choppy markets.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.