Indicator · Pine Script v5 · Own pane

XAU Scalp v2

by mrme000m

XAU Scalp v2 is an indicator that calculates a composite trading score using multiple components for XAUUSD gold.

View on GitHub

GitHub stars1on the repository
Pine versionv5runs as is
Lines of code94
Settings0inputs
LicenceNone stated
Last update6 weeks ago10 Sep 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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

XAU Scalp v2 stacks four EMAs to determine trend direction and strength, overlays SuperTrend signals derived from ATR(10), adds RSI(14) momentum, detects Bollinger-Keltner squeezes, and measures volume delta. A composite score combines these with weighted contributions from each factor. Positive signals (1 or 2) trigger on bullish conditions with upward EMAs and SuperTrend; negative signals (-1 or -2) trigger on bearish conditions. Plots appear in a separate pane for composite score, EMA stack, SuperTrend direction, RSI, squeeze momentum, volume delta, Bollinger position, and signal histogram. No user inputs exist to modify parameters. It provides real-time scalp signals on the gold chart without stop-loss or exit rules.

Details

Published by

mrme000m on GitHub

Type

Indicator, Pine Script v5

Draws

Separate pane below the chart

Category

Scalping, Moving averages, Oscillators & momentum, Volume

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.

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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