OPEN-SOURCE SCRIPT
Range Rotation Scalping - Gold & BTC
Tuning for Gold & BTC
Range Threshold (0.3%):
Gold: Moves ~0.1–0.5% intraday on 1m–60m charts during active hours (e.g., London/NY session). 0.3% keeps ranges tight but realistic.
BTC: Can move 0.5–2% in minutes, but 0.3% works for micro-ranges on lower timeframes (e.g., 5m).
Value Area Size (0.7%):
Centered on Tap 1, ±0.7% fits both assets:
Gold: ~$15–20 range around a $2,000 price on 5m–15m.
BTC: ~$300–500 range around a $60,000 price on 5m–15m.
Keeps the BoS fractal within a scalp-friendly zone.
Stop Loss (0.4%) & Take Profit (0.8%):
Gold: 0.4% ≈ $8 stop, $16 profit at $2,000—quick and achievable.
BTC: 0.4% ≈ $240 stop, $480 profit at $60,000—suits its volatility.
1:2 risk-reward ratio for scalping consistency.
Lookback (3):
Range Threshold (0.3%):
Gold: Moves ~0.1–0.5% intraday on 1m–60m charts during active hours (e.g., London/NY session). 0.3% keeps ranges tight but realistic.
BTC: Can move 0.5–2% in minutes, but 0.3% works for micro-ranges on lower timeframes (e.g., 5m).
Value Area Size (0.7%):
Centered on Tap 1, ±0.7% fits both assets:
Gold: ~$15–20 range around a $2,000 price on 5m–15m.
BTC: ~$300–500 range around a $60,000 price on 5m–15m.
Keeps the BoS fractal within a scalp-friendly zone.
Stop Loss (0.4%) & Take Profit (0.8%):
Gold: 0.4% ≈ $8 stop, $16 profit at $2,000—quick and achievable.
BTC: 0.4% ≈ $240 stop, $480 profit at $60,000—suits its volatility.
1:2 risk-reward ratio for scalping consistency.
Lookback (3):
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.