OPEN-SOURCE SCRIPT
London Gold Signals
London Gold Session Bias tracks institutional gold trading setups during the London session and London/NY overlap — the two highest-volume windows for GC/MGC futures.
The indicator monitors four key confluence factors in real time:
• Asia Session Range — identifies the overnight high/low that London is expected to break, flags breakouts and breakdowns as directional triggers
• VWAP — tracks whether price is trading above or below the session anchor, used by institutional algorithms as a key reference
• LBMA Fix Window — highlights the 10:20–10:45 ET gold fix period, a known structural reversal zone
• 8:30 ET News Level — marks the news candle high/low and signals when price retests those levels during the overlap session
All four signals vote on a real-time LONG / SHORT / NEUTRAL overall bias displayed in a clean status table. When bias is confirmed, the indicator automatically draws an entry zone, three take profit levels (TP1 quick scalp, TP2 main target, TP3 runner), and a stop loss — all as labeled horizontal lines directly on the chart.
Levels auto-adjust each bar and dim outside active session hours so you always have context heading into the London open.
Best used on GC or MGC futures on the 5m or 15m timeframe. All session times are based on US Eastern Time (ET).
The indicator monitors four key confluence factors in real time:
• Asia Session Range — identifies the overnight high/low that London is expected to break, flags breakouts and breakdowns as directional triggers
• VWAP — tracks whether price is trading above or below the session anchor, used by institutional algorithms as a key reference
• LBMA Fix Window — highlights the 10:20–10:45 ET gold fix period, a known structural reversal zone
• 8:30 ET News Level — marks the news candle high/low and signals when price retests those levels during the overlap session
All four signals vote on a real-time LONG / SHORT / NEUTRAL overall bias displayed in a clean status table. When bias is confirmed, the indicator automatically draws an entry zone, three take profit levels (TP1 quick scalp, TP2 main target, TP3 runner), and a stop loss — all as labeled horizontal lines directly on the chart.
Levels auto-adjust each bar and dim outside active session hours so you always have context heading into the London open.
Best used on GC or MGC futures on the 5m or 15m timeframe. All session times are based on US Eastern Time (ET).
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.