This strategy overlays the price chart and looks for VWAP pullbacks. It goes long when a short SMA crosses above VWAP after RSI has been oversold within ten bars, and short on the opposite cross after RSI has been overbought. Optional Minervini-style moving-av
Strategy · Pine Script v5 · On the chart
XAUUSD Strategy V4.9.7 - Adaptive Sell + Reclaim Buy
This Pine Script strategy for XAUUSD combines Exponential Moving Averages (20, 50, and 200), Stochastic, RSI, and ATR indicators to generate trading signals.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code313
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 V4.9.7 - Adaptive Sell + Reclaim Buy identifies potential buy and sell opportunities using trend alignment, M15 overbought or oversold conditions, rejection wicks, and Fibonacci tolerance zones. Entries are categorized into main confirmation trades and optional scalp trades. Risk management features include swing-based and ATR-buffered stop losses, fixed risk-to-reward take profit targets, and trade blocking filters for wide stop loss distances or ATR volatility spikes. Indicators, signals, and an info dashboard plot directly on the price chart.
- EMA trend and M15 stochastic RSI trigger signals
- Fibonacci and EMA tolerance zone filters
- ATR-buffered swing stop losses and risk-reward targets
- Trade blocking filters for wide stops and ATR volatility spikes
- On-chart execution signals and informational dashboard
Details
Published by
aeiioaeiio on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages, Support & resistance
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 |
| Confirm TP RR | float | 1.5 | rrConfirm |
| 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 | 45.0 | buyRsiMinV495 |
| BUY Require Close > EMA20 | bool | true | requireBuyEma20 |
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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