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 V4.21C - Entry Instrumentation
Strategy designed for gold trading using a combination of Stochastic, RSI, fast and slow EMAs, ATR, and optional higher-timeframe M15 triggers with Fibonacci levels.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code716
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 V4.21C - Entry Instrumentation generates trend-confirmation and scalp trade signals for long and short entries. Risk management uses swing high or low lookbacks buffered by ATR for stop losses, along with target risk-to-reward ratios for take profit exits. Main settings configure indicator periods, trade leg enabling, risk-reward ratios, and M15 trigger requirements. The script plots entry context labels, key Fibonacci zones, and an on-screen dashboard directly on the price chart.
- Stochastic, RSI, and triple EMA signal generation
- M15 overbought and oversold rejection wick triggers
- Fibonacci and EMA tolerance zone filters
- ATR-buffered swing lookback stop loss and fixed risk-reward targets
- On-chart entry context labels and informational 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
- The strategy can add several entries in the same direction
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 |
| Show Entry Context Labels | bool | true | showEntryContextLabels |
| Compact Label Text | bool | true | showCompactContext |
| 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 | 1.55 | atrSpikeMult |
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.
Similar Pine Scripts
This strategy trades EUR/USD on the price chart using a fast and slow exponential moving average crossover filtered by RSI. It enters long when the fast EMA crosses above the slow EMA while RSI is above 50 and below the overbought level, and enters short on th
LuxAlgo Hybrid Gold Scalper is a price-chart strategy aimed at gold. It 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. Set
This strategy automates the TradingLatino methodology by evaluating Squeeze Momentum combined with the Average Directional Index (ADX). It executes long or short positions based on momentum shifts and directional strength. Risk management options include const
This long-only strategy calculates three exponential moving averages with lengths of 50, 100, and 150 periods, plotting them directly on the price chart. It also calculates a 14-period RSI and MACD. The strategy opens long positions when the moving averages al
This long-only trend-following strategy combines Ichimoku Kinko Hyo components with higher timeframe moving average filters. It triggers long entries when price trades above a higher timeframe EMA and a bullish Tenkan-Sen cross above Kijun-Sen occurs under fav
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers