This strategy generates trading signals on the 5-minute price chart using Williams Fractals for trend reversals, combined with EMA fast and slow trend filters and optional RSI confirmation. Long entries trigger on bullish fractals aligned with rising EMA and R
Strategy · Pine Script v5 · On the chart
XAUUSD Strategy V4.13 - Sell Recovery BE75 BuyRSI42 ATR150
This trading strategy combines Stochastic, RSI, ATR, and multiple Exponential Moving Averages (20, 50, and 200) alongside Fibonacci zones to generate trading signals for gold (XAUUSD).
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code527
Settings40inputs
LicenceNone stated
Last update4 months ago6 Jun 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 Strategy V4.13 - Sell Recovery BE75 BuyRSI42 ATR150 supports flexible execution modes including scalp and confirm entries, calculating stop loss levels using ATR buffers or swing lookbacks and setting take profit targets based on risk-reward ratios. The script overlays key signal markers and Fibonacci zones directly on the main price chart while providing an optional status dashboard.
- Multiple execution modes for scalp and confirm entries
- Dynamic ATR-based stop loss and take profit calculation
- Multi-indicator logic with Stochastic, RSI, and EMAs
- Fibonacci zone mapping with M15 trigger logic
- On-screen visual signals and status dashboard
Details
Published by
aeiioaeiio on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Oscillators & momentum, Scalping, Screeners & dashboards
Markets
Gold
Timeframes
M1-M5, M15-H1
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 |
|---|---|---|---|
| Stoch Period | int | 5 | stochLen |
| Stoch K | int | 3 | stochKLen |
| Stoch D | int | 3 | stochDLen |
| RSI Period | int | 14 | rsiLen |
| EMA Fast | int | 20 | emaFastLen |
| EMA Slow | int | 50 | emaSlowLen |
| EMA Trend | int | 200 | emaTrendLen |
| ATR Period | int | 14 | atrLen |
| Backtest Mode | string | Confirm Only | mode |
| Use Closed Bar Only | bool | true | useConfirmedBar |
| Enable BUY CONFIRM | bool | true | enableBuyConfirm |
| Enable SELL CONFIRM | bool | true | enableSellConfirm |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Enable LSB SCALP | bool | false | enableLsbScalp |
| Enable LSS SCALP | bool | false | enableLssScalp |
| Show Disabled Scalp Marks for Review | bool | false | showDisabledLegs |
| M15 Sell OB Level | float | 70 | sellOb |
| M15 Buy OS Level | float | 30 | buyOs |
| M15 Rejection Wick % | float | 0.35 | wickPct |
| Require M15 Trigger for Confirm | bool | true | requireM15 |
| Fib Lookback | int | 50 | fibLookback |
| Fib/EMA Zone Tolerance x ATR | float | 0.45 | fibTolAtr |
| No Chase Distance from EMA20 x ATR | float | 1.35 | noChaseAtr |
| BUY Confirm TP RR | float | 1.5 | rrBuyConfirm |
| SELL Confirm TP RR | float | 1.6 | rrSellConfirm |
| Scalp TP RR | float | 0.8 | rrScalp |
| Confirm SL Buffer x ATR | float | 0.35 | slAtrBuf |
| Scalp SL Buffer x ATR | float | 0.12 | scalpSlAtr |
| Confirm SL Swing Lookback | int | 8 | swingLb |
| Scalp SL Swing Lookback | int | 3 | scalpLb |
| Show Dashboard | bool | true | showDash |
| Show Signals | bool | true | showSignals |
| Show Watch Marks | bool | true | showWatch |
| Show Key Fib | bool | true | showFib |
| Block Trade if SL too wide | bool | false | useRiskBlock |
| Max SL Distance (price points) | float | 60.0 | maxSlPoints |
| Block Trade during ATR Spike | bool | true | useAtrSpikeBlock |
| ATR Spike MA Length | int | 50 | atrSpikeLen |
| Max ATR x Average ATR | float | 1.65 | atrSpikeMult |
| Use Strict BUY Quality | bool | true | useStrictBuyV495 |
| BUY Min H1 RSI | float | 42.0 | buyRsiMinV495 |
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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