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.
สคริปต์แบบโอเพนซอร์ส
ด้วยเจตนารมณ์หลักของ TradingView ผู้สร้างสคริปต์นี้ได้ทำให้เป็นโอเพนซอร์ส เพื่อให้เทรดเดอร์สามารถตรวจสอบและยืนยันฟังก์ชันการทำงานของมันได้ ขอชื่นชมผู้เขียน! แม้ว่าคุณจะใช้งานได้ฟรี แต่โปรดจำไว้ว่าการเผยแพร่โค้ดซ้ำจะต้องเป็นไปตาม กฎระเบียบการใช้งาน ของเรา
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
สคริปต์แบบโอเพนซอร์ส
ด้วยเจตนารมณ์หลักของ TradingView ผู้สร้างสคริปต์นี้ได้ทำให้เป็นโอเพนซอร์ส เพื่อให้เทรดเดอร์สามารถตรวจสอบและยืนยันฟังก์ชันการทำงานของมันได้ ขอชื่นชมผู้เขียน! แม้ว่าคุณจะใช้งานได้ฟรี แต่โปรดจำไว้ว่าการเผยแพร่โค้ดซ้ำจะต้องเป็นไปตาม กฎระเบียบการใช้งาน ของเรา
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน