OPEN-SOURCE SCRIPT
XAUUSD: Ultimate Sniper v6.0 [Order Flow & Macro]
This indicator is a comprehensive trading system designed specifically for XAUUSD (Gold). It moves away from lagging indicators by combining real-time Macro-Economic sentiment, Regression Analysis, and Institutional Order Flow logic into a single professional interface.
### Core Strategy & Features: 1. Macro Correlation Filter: Gold has a strong inverse correlation with the USD (DXY) and Treasury Yields (US10Y). This script monitors them in the background. If DXY/US10Y are Bullish, Gold Buy signals are filtered out to prevent trading against the trend. 2. Linear Regression Channel: Defines the "Fair Value" of price. We only look for reversal trades when price hits the extreme Upper or Lower bands. 3. Order Flow Pressure (New): Analyzes the internal structure of each candle (Wick vs Body). A signal is only confirmed if the "Buying Pressure" or "Selling Pressure" within the candle supports the move (e.g. >50%). 4. RSI Divergence: Automatically spots Bullish and Bearish divergences to identify momentum exhaustion.
### ⚙️ Recommended Settings / Best Practices To get the best results, adjust the settings based on your trading style:
🏎️ SCALPING (1min - 5min Charts) * Goal: Quick entries, smaller targets, higher frequency. * DXY/US10Y Timeframe: Set to "15" or "30" (Reacts faster to macro changes). * Regression Length: 50 or 80 (Adapts to short-term trends). * RSI Length: 9 or 14.
🛡️ INTRADAY (15min - 1h Charts) - [Default] * Goal: Balanced trading, capturing the daily range. * DXY/US10Y Timeframe: Set to "60" (1 Hour). * Regression Length: 100 (Standard setting). * RSI Length: 14.
🦅 SWING TRADING (4h - Daily Charts) * Goal: Catching major trend reversals. * DXY/US10Y Timeframe: Set to "240" (4 Hours) or "D" (Daily). * Regression Length: 200 (Long-term trend baseline). * Channel Width: Increase to 2.5 or 3.0.
### How to Trade: - BUY Signal: Valid when the Dashboard shows "BEARISH" DXY/US10Y and the Live Pressure is "BUYERS". - SELL Signal: Valid when the Dashboard shows "BULLISH" DXY/US10Y and the Live Pressure is "SELLERS". - Risk Management: The script automatically calculates ATR-based Stop Loss (SL) and Take Profit (TP) levels.
### Core Strategy & Features: 1. Macro Correlation Filter: Gold has a strong inverse correlation with the USD (DXY) and Treasury Yields (US10Y). This script monitors them in the background. If DXY/US10Y are Bullish, Gold Buy signals are filtered out to prevent trading against the trend. 2. Linear Regression Channel: Defines the "Fair Value" of price. We only look for reversal trades when price hits the extreme Upper or Lower bands. 3. Order Flow Pressure (New): Analyzes the internal structure of each candle (Wick vs Body). A signal is only confirmed if the "Buying Pressure" or "Selling Pressure" within the candle supports the move (e.g. >50%). 4. RSI Divergence: Automatically spots Bullish and Bearish divergences to identify momentum exhaustion.
### ⚙️ Recommended Settings / Best Practices To get the best results, adjust the settings based on your trading style:
🏎️ SCALPING (1min - 5min Charts) * Goal: Quick entries, smaller targets, higher frequency. * DXY/US10Y Timeframe: Set to "15" or "30" (Reacts faster to macro changes). * Regression Length: 50 or 80 (Adapts to short-term trends). * RSI Length: 9 or 14.
🛡️ INTRADAY (15min - 1h Charts) - [Default] * Goal: Balanced trading, capturing the daily range. * DXY/US10Y Timeframe: Set to "60" (1 Hour). * Regression Length: 100 (Standard setting). * RSI Length: 14.
🦅 SWING TRADING (4h - Daily Charts) * Goal: Catching major trend reversals. * DXY/US10Y Timeframe: Set to "240" (4 Hours) or "D" (Daily). * Regression Length: 200 (Long-term trend baseline). * Channel Width: Increase to 2.5 or 3.0.
### How to Trade: - BUY Signal: Valid when the Dashboard shows "BEARISH" DXY/US10Y and the Live Pressure is "BUYERS". - SELL Signal: Valid when the Dashboard shows "BULLISH" DXY/US10Y and the Live Pressure is "SELLERS". - Risk Management: The script automatically calculates ATR-based Stop Loss (SL) and Take Profit (TP) levels.
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.