OPEN-SOURCE SCRIPT
XAUUSD Family Scalping (5min)
🟡 XAUUSD Family Scalping 5-Min — Momentum Precision Indicator
Overview
This indicator is built for XAUUSD (Gold) on the 5-minute timeframe and is designed for short-term momentum scalping.
It helps traders identify early reversal zones, confirm momentum direction, and detect exhaustion points during high-volatility market moves.
Core Concept
The indicator measures momentum strength and price acceleration using a smoothed oscillator.
It features two adjustable thresholds:
Overbought level: 58
Oversold level: -58
When the momentum line crosses above or below these zones, it signals potential trend continuation or reversal opportunities.
Features
Detects short-term momentum shifts on XAUUSD 5M.
Works with EMA-based trend confirmation (optional).
Adaptive smoothing reduces noise and false reversals.
Highlights overbought/oversold areas visually.
Can be combined with price action or other oscillators for confluence.
Usage
Instrument: XAUUSD (Gold)
Best timeframe: 5-minute (scalping setup)
Use case: Detecting momentum exhaustion and reversal entries.
Sessions: London & New York recommended.
Disclaimer
This indicator is for market analysis and educational purposes.
No indicator guarantees profit — use proper risk management and test before live trading.
Overview
This indicator is built for XAUUSD (Gold) on the 5-minute timeframe and is designed for short-term momentum scalping.
It helps traders identify early reversal zones, confirm momentum direction, and detect exhaustion points during high-volatility market moves.
Core Concept
The indicator measures momentum strength and price acceleration using a smoothed oscillator.
It features two adjustable thresholds:
Overbought level: 58
Oversold level: -58
When the momentum line crosses above or below these zones, it signals potential trend continuation or reversal opportunities.
Features
Detects short-term momentum shifts on XAUUSD 5M.
Works with EMA-based trend confirmation (optional).
Adaptive smoothing reduces noise and false reversals.
Highlights overbought/oversold areas visually.
Can be combined with price action or other oscillators for confluence.
Usage
Instrument: XAUUSD (Gold)
Best timeframe: 5-minute (scalping setup)
Use case: Detecting momentum exhaustion and reversal entries.
Sessions: London & New York recommended.
Disclaimer
This indicator is for market analysis and educational purposes.
No indicator guarantees profit — use proper risk management and test before live trading.
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.