Scalping MTF F-Bands Signals (L/S) + RSI Filter [RCOHelpline] v4Overview of Scalping MTF F-Bands Signals (L/S) + RSI Filter v4:
This indicator is a scalping / intraday signal system built on Multi-Timeframe (MTF) Fibonacci-style bands, combined with an RSI midline filter and an optional direction-lock mechanism designed to reduce repeated entries during unfavorable conditions.
The script focuses on identifying statistically stretched price areas rather than chasing momentum.
Core Concept
The indicator plots two independent Fibo Band layers (A & B).
Each layer is calculated using:
SMA (baseline)
ATR (volatility expansion)
Fibonacci-style multipliers
Both layers are calculated on user-selected higher timeframes and projected onto the current chart.
Signal Sources (A / B / BOTH)
You can choose how signals are generated:
A → Signals based only on Fibo Bands A
B → Signals based only on Fibo Bands B
BOTH → Signals require confluence between A and B
When BOTH is selected, a signal is triggered only if price simultaneously reaches valid zones on both band layers, helping filter noise.
Entry Logic
LONG
Price closes inside the Lower Zone (between Fib Band 2 and Band 3)
RSI is above the midline (default 50)
SHORT
Price closes inside the Upper Zone (between Fib Band 2 and Band 3)
RSI is below the midline (default 50)
All signals are designed to trigger on confirmed candle closes to reduce MTF instability.
Direction Lock System (Optional)
If enabled, the script locks the trade direction when a Stop Loss occurs before TP1 is reached.
This helps prevent repeated entries in the same direction during unfavorable or choppy conditions.
Unlock Logic
A locked direction can be unlocked when:
RSI crosses back over the midline
AND price closes again inside the valid Band 2–3 zone
With the optional setting enabled, a new entry may occur on the same candle as the unlock condition.
TP & Stop Logic (Price-Action Based)
This indicator uses structure-based exits, not fixed pip targets.
Before TP1
LONG → Two consecutive closes below Lower Band 3
SHORT → Two consecutive closes above Upper Band 3
After TP1
Stop automatically shifts to Break-Even
Any return to entry price closes the position
MTF & Usage Notes
The indicator relies on higher timeframe data
Signals are gated until band data is fully formed
Designed for structured price action environments
⚠️ Not recommended for:
High-impact news
Sudden volatility spikes
Extremely fast impulsive moves
Goldshort
Marcel's Dynamic Profit / Loss Calculator for GoldOverview
This Dynamic Risk / Reward Tool for Gold is designed to help traders efficiently plan and manage their trades in the volatile gold market. This script provides a clear visualisation of trade levels (Entry, Stop Loss, Take Profit) while dynamically calculating potential profit and loss. It ensures gold traders can assess their positions with precision, saving time and improving risk management.
Key Features
1. Trade Level Visualisation:
Plots Entry (Blue), Stop Loss (Red), and Take Profit (Green) lines directly on the chart.
Helps you visualise and confirm trade setups quickly which is good for scalping and day trades.
2. Dynamic Risk and Reward Calculations:
Calculates potential profit and loss in real time based on user-defined inputs such as position size, leverage, and account equity.
Displays a summary panel showing risk/reward metrics directly on the chart.
3. Customisable Settings:
Allows you to adjust key parameters like account equity, position size, leverage, and specific price levels for Entry, Stop Loss, and Take Profit.
Defaults are dynamically generated for convenience but remain fully adjustable for flexibility.
How It Works
The script uses gold-specific conventions (e.g., 1 lot = 100 ounces, 1 pip = 0.01 price change) to calculate accurate risk and reward metrics.
It dynamically positions Stop Loss and Take Profit levels relative to the entry price, based on user-defined or default offsets.
A real-time summary panel is displayed in the bottom-right corner of the chart, showing:
Potential Profit: The monetary value if the Take Profit is hit.
Potential Lo
ss: The monetary value if the Stop Loss is hit.
How to Use It
1. Add the script to your chart on a gold trading pair (e.g., XAUUSD).
2. Input your:
Account equity.
Leverage.
Position size (in lots).
Desired En
try Price (default: current close price).
3. Adjust the Stop Loss and Take Profit levels to your strategy, or let the script use default offsets of:
500 pips below the Entry for Stop Loss.
1000 pips above the Entry for Take Profit.
4. Review the plotted levels and the summary panel to confirm your trade aligns with your risk/reward goals.
Why Use This Tool?
Clarity and Precision:
Provides clear trade visuals and financial metrics for confident decision-making.
Time-Saving:
Automates the calculations needed to evaluate trade risk and reward.
Improved Risk Management:
Ensures you never trade without knowing your exact potential loss and gain.
This script is particularly useful for both novice and experienced traders looking to enhance their risk management and trading discipline in the Gold market. Enjoy clearer trades at speed.
