Gold Scalping Indicator MTF | TCMaster

🧠 Overview:
The Scalping Gold Indicator is a multi-condition entry signal tool designed for scalping, especially effective on gold (XAUUSD) and other volatile instruments. It identifies high-probability reversal points based on a combination of:
Keltner Channel touches
RSI reversal detection
Classic candlestick reversal patterns
Volume spike confirmation

This confluence-based approach aims to help traders capture short-term reversals and scalping opportunities with improved accuracy.

🔍 Core Logic:
✅ Buy Signal triggers when:
Price touches or drops below the Keltner Channel lower band
RSI (< 30) starts to reverse upward
A bullish candlestick pattern forms (e.g., Bullish Engulfing, Morning Star, Hammer)
Volume spikes above the highest volume of the last N bars

❌ Sell Signal triggers when:
Price touches or exceeds the Keltner Channel upper band
RSI (> 70) starts to drop downward
A bearish candlestick pattern forms (e.g., Bearish Engulfing, Evening Star, Hanging Man)
Volume spikes above the highest volume of the last N bars

📈 Recommended Timeframes:
Best suited for lower timeframes (e.g. 1m, 5m, 15m)
Automatically adapts internal settings based on chart timeframe

🛠️ How to Use:
Add the indicator to your chart
Use the green triangle for potential buy entries
Use the red triangle for potential sell entries
Combine with your stop-loss/take-profit strategy (e.g., recent swing high/low, or fixed pips)
Optional: Combine with trend filters (e.g., moving averages, higher timeframe bias) for added confirmation

🔔 Pro Tip:
To enhance signal reliability, look for setups where all conditions align within a few candles, especially during periods of volatility (e.g., news releases, session opens).

📜 Disclaimer (for community compliance):
This script is for educational and informational purposes only. It is not financial advice. Always do your own research and use proper risk management.