This strategy combines Relative Strength Index and Bollinger Bands for short-term signal generation. It enters long positions when the price crosses below the lower Bollinger Band while the RSI falls at or below the oversold threshold. Positions are scaled dow
Strategy · Pine Script v6 · On the chart
XAUUSD 1-Minute Scalping Strategy
This strategy plots RSI on the price chart and enters a long when RSI falls below the oversold level or a short when it rises above the overbought level, only while flat.
GitHub stars7on the repository
Pine versionv6current
Lines of code144
Settings5inputs
LicenceNone stated
Last update3 months ago24 Jul 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
XAUUSD 1-Minute Scalping Strategy exits with a take profit and stop loss measured in pips from the current close. Inputs set RSI length, the two threshold levels, and the pip distances. A last-bar table, zone background, level lines, and buy and sell markers show the state. Entries are not filtered by trend, and the reward-to-risk value is calculated but not used.
- RSI oversold and overbought entries
- Pip take profit and stop loss
- Buy and sell signal markers
- Last-bar status table
- Overbought and oversold background zones
Details
Published by
eddiebelaval on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Oscillators & momentum, Scalping, Screeners & dashboards, Mean reversion
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Length | int | 14 | length |
| Overbought Level | int | 70 | overbought |
| Oversold Level | int | 30 | oversold |
| Take Profit (pips) | int | 10 | takeProfit |
| Stop Loss (pips) | int | 5 | stopLoss |
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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