GORDAUM SCALP Outside Bar + VWAP + RSI Scale + Range POC + FiBO📘 OFFICIAL MANUAL
SCALP INDICATOR – OUTSIDE BAR + VWAP + RSI + RANGE (POC / VA) + FIBONACCI
📌 INDICATOR OVERVIEW
This indicator was developed for SCALPING operations, focusing on fast entries, reduced risk exposure, and false signal filtering.
The strategy combines price action, momentum, fair value, and range structure, delivering clear, objective, and visual signals, without subjective interpretation.
🔧 INDICATOR COMPONENTS
The indicator is composed of 5 main pillars:
1️⃣ OUTSIDE BAR (PRICE ACTION)
The Outside Bar represents a candle that completely engulfs the previous candle, indicating clear buyer or seller aggression and a potential start of a short movement, ideal for scalping.
This is the main entry trigger.
2️⃣ VWAP (FAIR PRICE OF THE DAY)
VWAP represents the volume-weighted average price and is widely used by institutional traders.
Basic rules:
Price above VWAP indicates bullish bias.
Price below VWAP indicates bearish bias.
The strategy does not trade against VWAP.
3️⃣ RSI WITH STRENGTH SCALE (ANTI-FALSE ENTRY)
RSI is used as a momentum strength indicator.
The indicator measures the distance of RSI from the 50 level, classifying signals as:
Weak signal (gray): RSI very close to 50, trap zone.
Medium signal (yellow/orange): moderate strength.
Strong signal (green/red): RSI far from 50, higher probability of real movement.
The farther RSI is from 50, the lower the chance of false entries.
4️⃣ MARKET RANGE – POC, VAH AND VAL
The indicator identifies the current market range and builds a value-based reading:
POC (Point of Control): area where price trades the most.
VAH (Value Area High): top of the value area.
VAL (Value Area Low): bottom of the value area.
Key concept:
Price near the POC indicates consolidation and false entries.
Price reacting near VAH or VAL indicates cleaner trades.
This context is marked on the chart with a second marker (dot).
5️⃣ DYNAMIC FIBONACCI (CONTEXT AND TARGETS)
Fibonacci levels are calculated automatically based on the recent market range, projecting the following levels:
0.5
0.618
0.666
1.0
These levels act as targets, partial exits, rejection zones, or continuation areas.
🔺 TYPES OF SIGNALS ON THE CHART
The indicator works with two simultaneous markers:
Arrow (Outside Bar): indicates a potential entry based on Outside Bar, VWAP, and RSI.
Dot (Range Context): indicates price position within the range:
Gray: price at POC (trap zone).
Yellow: middle of the range.
Green or red: price near VAH or VAL (favorable zone).
✅ TRADING RULES
LONG (BUY) SETUP:
Price above VWAP.
Bullish Outside Bar formation.
RSI above 50.
Green or yellow arrow.
Green dot indicating proximity to VAL.
When arrow and dot align, the trade is valid.
SHORT (SELL) SETUP:
Price below VWAP.
Bearish Outside Bar formation.
RSI below 50.
Red or orange arrow.
Red dot indicating proximity to VAH.
Dual confirmation increases trade probability.
❌ WHEN NOT TO TRADE
Avoid trades when:
Arrow is gray.
Dot is gray (price at POC).
RSI is too close to 50.
Market is clearly ranging.
Not trading is also a professional decision.
🎯 STOP LOSS AND TARGETS
Stop Loss:
Below the Outside Bar low for long trades.
Above the Outside Bar high for short trades.
Targets:
Next Fibonacci level.
Opposite VAH or VAL.
Minimum risk-to-reward ratio of 1:1.
⏱️ RECOMMENDED TIMEFRAMES
1 minute
2 minutes
3 minutes
Renko charts with small bricks.
⚠️ IMPORTANT CONSIDERATIONS
This indicator is not a trading robot.
It provides context and entry triggers.
Execution and risk management are the trader’s responsibility.
🧠 STRATEGY PHILOSOPHY
This setup was created to avoid overtrading, eliminate entries in the middle of the range, and operate only where the market truly moves.
Price away from value creates opportunity.
Price inside value creates traps.
Pine Script® Indikator






















