OPEN-SOURCE SCRIPT
Intraday GOLD Trading Indicator BY JUGNU
This intraday trading indicator for GOLD, focusing on 5–15 minute charts. It combines two exponential moving averages to identify trend direction, volume filtering to confirm strength, and an RSI threshold to ensure momentum aligns with the trend. Buy signals occur when the short EMA crosses above the long EMA, volume is above average, and RSI is above 50, while sell signals occur when the short EMA crosses below the long EMA, volume is high, and RSI is below 50. Signals are color-coded and plotted on the chart for easy visualization. This setup aims to provide reliable entry and exit points for short-term trades in GOLD.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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