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XAUUSD Strength Dashboard with Volume

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XAUUSD Strength Dashboard with Volume Analysis
📌 Description
This advanced Pine Script indicator provides a multi-timeframe dashboard for XAUUSD (Gold vs. USD), combining price action analysis with volume confirmation to generate high-probability trading signals. It detects:

✅ Break of Structure (BOS)
✅ Fair Value Gaps (FVG)
✅ Change of Character (CHOCH)
✅ Trendline Breaks (9/21 SMA Crossover)
✅ Volume Spikes (Confirmation of Strength)

The dashboard displays strength scores (0-100%) and action recommendations (Strong Buy/Buy/Neutral/Sell/Strong Sell) across multiple timeframes, helping traders identify confluences for better trade decisions.

🎯 How It Works
1. Multi-Timeframe Analysis
Fetches data from 1m, 5m, 15m, 30m, 1h, 4h, Daily, and Weekly timeframes.

Compares trend direction, BOS, FVG, CHOCH, and volume spikes across all timeframes.

2. Volume-Confirmed Strength Score
The Strength Score (0-100%) is calculated using:

Trend Direction (25 points) → 9 SMA vs. 21 SMA

Break of Structure (20 points) → New highs/lows with momentum

Fair Value Gaps (10 points) → Imbalance zones

Change of Character (10 points) → Shift in market structure

Trendline Break (20 points) → SMA crossover confirmation

Volume Spike (15 points) → High volume confirms moves

Score Interpretation:

≥75% → Strong Buy (High confidence bullish move)

60-74% → Buy (Bullish but weaker confirmation)

40-59% → Neutral (No strong bias)

25-39% → Sell (Bearish but weaker confirmation)

≤25% → Strong Sell (High confidence bearish move)

3. Dashboard & Chart Markers
Dashboard Table: Shows Trend, BOS, Volume, CHOCH, TL Break, Strength %, Key Level, and Action for each timeframe.

Chart Markers:

🟢 Green Triangles → Bullish BOS

🔴 Red Triangles → Bearish BOS

🟢 Green Circles → Bullish CHOCH

🔴 Red Circles → Bearish CHOCH

📈 Green Arrows → Bullish Trendline Break

📉 Red Arrows → Bearish Trendline Break

"Vol↑" (Lime) → Bullish Volume Spike

"Vol↓" (Maroon) → Bearish Volume Spike

🚀 How to Use
1. Dashboard Interpretation
Higher Timeframes (D/W) → Show the dominant trend.

Lower Timeframes (1m-4h) → Help with entry timing.

Strength Score ≥75% or ≤25% → Look for high-confidence trades.

Volume Spikes → Confirm breakouts/reversals.

2. Trading Strategy
📈 Long (Buy) Setup:
Higher TFs (D/W/4h) show bullish trend (↑).

Current TF has BOS & Volume Spike.

Strength Score ≥60%.

Key Level (Low) holds as support.

📉 Short (Sell) Setup:
Higher TFs (D/W/4h) show bearish trend (↓).

Current TF has BOS & Volume Spike.

Strength Score ≤40%.

Key Level (High) holds as resistance.

3. Customization
Adjust Volume Spike Multiplier (Default: 1.5x) → Controls sensitivity to volume spikes.

Toggle Timeframes → Enable/disable higher/lower timeframes.

🔑 Key Benefits
✔ Multi-Timeframe Confluence → Avoids false signals.
✔ Volume Confirmation → Filters low-quality breakouts.
✔ Clear Strength Scoring → Removes emotional bias.
✔ Visual Chart Markers → Easy to spot key signals.

This indicator is ideal for gold traders who follow institutional order flow, market structure, and volume analysis to improve their trading decisions.

🎯 Best Used With:

Support/Resistance Levels

Fibonacci Retracements

Price Action Confirmation

🚀 Happy Trading! 🚀

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.