This trend-following scalping strategy combines a moving average trend filter with the Absolute Strength Histogram indicator. It opens long positions when price is above a selectable baseline moving average and the histogram signals bullish momentum, and short
Strategy · Pine Script v5 · On the chart
LuxAlgo Hybrid Gold Scalper
LuxAlgo Hybrid Gold Scalper is a price-chart strategy aimed at gold.
GitHub stars27on the repository
Pine versionv5runs as is
Lines of code370
Settings19inputs
LicenceNone stated
Last update5 months ago21 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 strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
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
LuxAlgo Hybrid Gold Scalper stacks a fast, slow, trend and 200-period bias EMA to mark trend direction, then filters strength with RSI, ADX and an intraday VWAP. Swing highs and lows are marked from pivot length. Settings size the ATR stop, two profit targets, a trailing stop and an optional move to breakeven after the first target. A UTC session window, daily trade limit and post-entry cooldown restrict new orders. The excerpt ends before the order calls, so exact entry conditions are not shown.
- Stacked fast, slow, trend and bias EMAs
- RSI and ADX trend-strength filter
- ATR stop, two targets and trailing stop
- Optional breakeven after the first target
- UTC session filter, daily cap and cooldown
Details
Published by
sumedhkumar on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Oscillators & momentum, Volatility & bands, Scalping
Markets
Gold
Timeframes
M1-M5
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Swing Length | int | 10 | swingLen |
| Fast EMA | int | 9 | emaFast |
| Slow EMA | int | 21 | emaSlow |
| Trend EMA (Filter) | int | 50 | emaTrend |
| Bias EMA | int | 200 | ema200 |
| RSI Length | int | 14 | rsiLen |
| ADX Length | int | 14 | adxLen |
| ADX Threshold (min trend strength) | int | 25 | adxThresh |
| ATR Length | int | 14 | atrLen |
| SL ATR Multiplier | float | 2.5 | atrSlMult |
| TP1 ATR Multiplier | float | 1.5 | atrTp1Mult |
| TP2 ATR Multiplier | float | 3.5 | atrTp2Mult |
Show all 19 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Trailing Stop ATR Mult | float | 2.0 | trailMult |
| Session Filter | bool | true | useSession |
| Session Start Hour (UTC) | int | 7 | sessionStart |
| Session End Hour (UTC) | int | 17 | sessionEnd |
| Max Trades Per Day | int | 4 | maxTradesDay |
| Cooldown After Entry (bars) | int | 10 | cooldownBars |
| Move SL to Breakeven after TP1 | bool | true | useBreakeven |
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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