OPEN-SOURCE SCRIPT
Gold Trading Signal
This indicator is a trading strategy for Gold (XAU/USD) on TradingView, based on the crossover of two Exponential Moving Averages (EMA) and using Average True Range (ATR) to determine Stop Loss and Take Profit levels.
Key Features of the Indicator:
1. Buy and Sell Signals: The indicator generates buy and sell signals based on the crossover of the 9-period short EMA and the 21-period long EMA.
2. ATR Calculation: The ATR (14) is used to calculate Stop Loss and Take Profit levels, which helps in measuring market volatility.
3. Stop Loss and Take Profit Levels:
Stop Loss for Buy: The low of the previous candle minus ATR.
Stop Loss for Sell: The high of the previous candle plus ATR.
Take Profit for Buy: The closing price plus ATR multiplied by a factor.
Take Profit for Sell: The closing price minus ATR multiplied by a factor.
4. Chart Display: Buy signals are displayed as green arrows below bars, and sell signals are shown as red arrows above bars.
5. Alerts: Alerts are triggered when buy or sell signals are activated.
Strategy Objective:
This strategy is designed to identify entry and exit points using EMA crossovers and ATR, helping traders determine optimal Stop Loss and Take Profit levels.
Key Features of the Indicator:
1. Buy and Sell Signals: The indicator generates buy and sell signals based on the crossover of the 9-period short EMA and the 21-period long EMA.
2. ATR Calculation: The ATR (14) is used to calculate Stop Loss and Take Profit levels, which helps in measuring market volatility.
3. Stop Loss and Take Profit Levels:
Stop Loss for Buy: The low of the previous candle minus ATR.
Stop Loss for Sell: The high of the previous candle plus ATR.
Take Profit for Buy: The closing price plus ATR multiplied by a factor.
Take Profit for Sell: The closing price minus ATR multiplied by a factor.
4. Chart Display: Buy signals are displayed as green arrows below bars, and sell signals are shown as red arrows above bars.
5. Alerts: Alerts are triggered when buy or sell signals are activated.
Strategy Objective:
This strategy is designed to identify entry and exit points using EMA crossovers and ATR, helping traders determine optimal Stop Loss and Take Profit levels.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
Möchten Sie dieses Skript auf einem Chart verwenden?
Haftungsausschluss
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