OPEN-SOURCE SCRIPT
Gold 15m: Trend + S/R + Liquidity Sweep (RR 1:2)
This strategy is designed for short-term trading on XAUUSD (Gold) using the 15-minute timeframe. It combines trend direction, support/resistance pivots, liquidity sweep detection, and momentum confirmation to identify high-probability reversal setups in line with the dominant market trend.
⚙️ Core Logic:
Trend Filter (EMA 200):
The strategy only takes long positions when price is above the 200 EMA and short positions when price is below it.
Support/Resistance via Pivots:
Dynamic swing highs and lows are identified using pivot points. These act as local supply and demand levels where liquidity is likely to accumulate.
Liquidity Sweep Detection:
A bullish liquidity sweep occurs when price briefly breaks below the last pivot low (grabbing liquidity) and then closes back above it.
A bearish sweep occurs when price breaks above the last pivot high and then closes back below.
Momentum & Candle Strength:
The strategy filters signals based on candle range and body size to ensure entries occur during strong price reactions, not weak retracements.
Risk Management (1:2 RR):
Stop-loss is placed slightly beyond the last pivot level using ATR-based buffers, and take-profit is set at 2× the risk distance, maintaining a reward-to-risk ratio of 1:2.
💼 Trade Logic Summary:
Long Entry:
After a bullish liquidity sweep & reclaim, momentum confirmation, and trend alignment (above EMA 200).
Short Entry:
After a bearish sweep & reclaim, momentum confirmation, and trend alignment (below EMA 200).
Exit:
Automated via ATR-based Stop Loss and Take Profit targets.
📊 Customization Options:
Adjustable EMA length, pivot settings, ATR multipliers, and RR ratio.
Option to enable/disable trend filter.
Toggle display of S/R zones on chart.
🧠 Best Use:
Works best during London and New York sessions when Gold shows strong momentum.
Can be adapted for forex pairs and indices by tuning ATR and pivot parameters.
⚙️ Core Logic:
Trend Filter (EMA 200):
The strategy only takes long positions when price is above the 200 EMA and short positions when price is below it.
Support/Resistance via Pivots:
Dynamic swing highs and lows are identified using pivot points. These act as local supply and demand levels where liquidity is likely to accumulate.
Liquidity Sweep Detection:
A bullish liquidity sweep occurs when price briefly breaks below the last pivot low (grabbing liquidity) and then closes back above it.
A bearish sweep occurs when price breaks above the last pivot high and then closes back below.
Momentum & Candle Strength:
The strategy filters signals based on candle range and body size to ensure entries occur during strong price reactions, not weak retracements.
Risk Management (1:2 RR):
Stop-loss is placed slightly beyond the last pivot level using ATR-based buffers, and take-profit is set at 2× the risk distance, maintaining a reward-to-risk ratio of 1:2.
💼 Trade Logic Summary:
Long Entry:
After a bullish liquidity sweep & reclaim, momentum confirmation, and trend alignment (above EMA 200).
Short Entry:
After a bearish sweep & reclaim, momentum confirmation, and trend alignment (below EMA 200).
Exit:
Automated via ATR-based Stop Loss and Take Profit targets.
📊 Customization Options:
Adjustable EMA length, pivot settings, ATR multipliers, and RR ratio.
Option to enable/disable trend filter.
Toggle display of S/R zones on chart.
🧠 Best Use:
Works best during London and New York sessions when Gold shows strong momentum.
Can be adapted for forex pairs and indices by tuning ATR and pivot parameters.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.