This script provides an indicator-based backtesting engine framework that simulates trade entries, exits, and filtering directly on the price chart. It evaluates selected entry rules and multi-layered filters, including moving average trends, volume increases,
Indicator · Pine Script v6 · On the chart
Gold indicator
The Gold indicator plots the 20 SMA and 200 EMA on the price chart together with $2 proximity zones around the SMA.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code62
Settings0inputs
LicenceNone stated
Last update5 months ago24 May 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Gold indicator generates strong long signals when price enters the zone from below, stays above the SMA and MACD histogram is positive. Strong short signals occur symmetrically when price enters from above and MACD is negative. Weak signals are also plotted when the MA direction is correct but MACD does not confirm, requiring extra discretion. No user inputs exist. The tool draws directly on the price chart to support discretionary NY session trend continuation on XAUUSD. It repaints on the live bar and provides no exit rules or stop loss.
- 20 SMA zones
- MACD confirmation
- Proximity alerts
- Strong weak signals
- EMA trend filter
Details
Published by
H4RsH-25 on GitHub
Type
Draws
On the price chart
Markets
Timeframes
M15-H1, H4 and above
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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