GOLD PRICES

21 de nov.

1. Introduction – The Indicator's Purpose

"This indicator is designed to help traders accurately identify entry and exit points, avoiding random trading decisions. It also aims to reduce uncalculated risk and improve trade quality by providing a clear reading of trends and potential reversal points."

2. Simplified Explanation of the Indicator's Operation

-"The indicator's operation relies on a set of technical elements that contribute to providing an accurate reading of market movement. First, it displays strong areas such as support and resistance levels, as these are points where the price frequently reacts and often experiences clear reversals.

-The indicator also works to determine the overall market trend, whether upward or downward, to help the trader enter with the correct trend and avoid counter-trading.

-In addition, the indicator calculates trading volumes and measures momentum to determine the strength of the current movement and its potential for continuation or weakening. When a set of technical conditions are met, the indicator provides precise entry alerts that help the trader seize suitable opportunities at the right time with the highest possible success rate."

3. Indicator Features
For example:
-Lightweight and fast on the chart.
-Identifies optimal buy/sell zones.
-Supports all timeframes.
-Provides reliable signals without noise.
-Includes clear visual tools for both beginners and professionals.

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00 - Core (Primary choice: timeframe & implied mode


⭐ A Simple and Clear Explanation of the (D-W-M) Timeframe System

This option allows you to specify the type of drawing levels the indicator uses.

The indicator itself is the same… the same conditions… the same method… but only the range of movement changes according to the timeframe.

⭐ What are timeframes?

Timeframes = the candlestick timeframe.

Daily candle = D
Weekly candle = W
Monthly candle = M
The larger the timeframe, the greater the distance between the levels.

⭐ Explanation of D-W-M

🔹 1. D = Daily

Plots levels based on daily price movement.
The levels are close and small.
Suitable for scalping and short-term trading.
Gives more signals and faster price movement.

🔹 2. W = Weekly

Plots levels derived from a full week's price movement.
The levels are farther away and stronger than the daily level.
Suitable for medium-term trading (3–7 days). Fewer signals but higher accuracy.

🔹 3. M = Monthly

Based on a full month's movement.
Depicts significant and distant levels.
Suitable for long-term swing trading and in-depth analysis.
Signs are few but very strong.

⭐ Main Idea (Summary)

-The indicator is the same, -The rules are the same, -The calculation mechanism is the same…

But the difference between D/W/M is:

✔ Movement range
✔ Level strength
✔ Distance between entry points
✔ Signal duration




01 - Localization

⭐ What is this system?

This system completely changes the indicator's language.

It means that the words displayed on the chart are translated into the language you choose in the settings.

It's not just translation… It's a multilingual interface within the indicator.

⭐ What are its benefits?

Its benefits include:

✔ Making the indicator suitable for people from all over the world
✔ Displaying your chart in your preferred language
✔ Making the indicator more professional
✔ Making the indicator's wires and alerts speak your language

For example, if you have an Arabic-speaking user, they will see "Buy."

And if you have a foreign-speaking user, they will see "Buy."
Everyone can see it in their own language without you changing anything within the indicator.

⭐ What exactly does it do?

This system controls three main points:

1️⃣ Chart text interface

Types such as:

• Buy / Sell
  
• Target
  
• Stop
  
• Information
  
• Translate to your chosen language.
  

2️⃣ Supports multiple languages

The system allows you to choose from:

• Arabic
  
• English
  
• Turkish
  
• Russian
  
• Chinese
  
• Japanese
  
• Korean
  
• Or Auto (automatically detects TradingView's language)
  

02 - Display & Colors

⭐ What is the function of this section?

This section is responsible for the Price Levels System using the indicator:
It determines whether to display historical levels or only the current ones.
It gives you complete control over the colors of the zones for each type (A, B, C, D).
In short, this entire section deals with the appearance of the levels on the chart.

⭐ Explanation of each line in a simple and understandable way:

🔵 1. group_levels

This is simply the name of the settings group.
All the settings appear within a section called:
"03 ▸ Price Levels" Organized and grouped in one place.

🔵 2. show_prev_levels

This is the most important option.
Function:
✔ Do you want to show levels for previous periods or not?
In other words:
If you set it ON → it shows current levels + levels from previous days/weeks/months
If you set it OFF → it only shows current period levels (meaning it hides any older lines or zones)
Its purpose:
If you want a clean and uncluttered chart — turn it off.
If you want a deeper analysis and to see the history of the levels — turn it on.

🔵 3. fillColorA

This is the color of the "Main Zone A".
This is usually the most important area of ​​the indicator… and is considered the strongest area.
Your choice should be based on:
Strong support/resistance
Recurring demand/supply zone

🔵 4. fillColorB

This is the color of Zone B.
It is usually:
Localities less strong than A
Or support zones
Or a secondary level within the same period
If you don't specify a different color, the indicator uses the same color as A.

🔵 5. fillColorC

This is the color of Zone C. Typically used for:
Strong reversal zones
Danger zones
Or price divergence zones (Warning Zone)
Often shown in red as a warning.

🔵 6. fillColorD

This is the color of the "D" zone.
Usually used for:
Mild support/resistance zones
Or target levels
Or price slippage zones
Its color is green, indicating a positive zone (buy/support).

⭐ System Summary (Very simple and organized)

✔ Show Previous Levels
Turns the display of previous levels on/off.
✔ Fill Color A
Color of primary and strong zones.
✔ Fill Color B
Color of secondary zones.
✔ Fill Color C
Color of warning zones (often strong resistance/danger).
✔ Fill Color D
Color of support/buy/positive zones.




03 - Price Levels
⭐ What is the Price Levels system?

This system is responsible for plotting price levels within the indicator:
Current levels
Previous levels
Colors of the zones

Strength of each level according to its type (A – B – C – D)

This section is essentially the "visual representation" of the zones plotted by the indicator.

⭐ What does this system include?

🔹 1. Show Previous Levels

This option allows you to:
On: Displays levels from previous periods (previous day, previous week, previous month, etc., depending on the indicator's setting).

Off: Displays only the current period's levels, hiding the previous ones for a clean chart.
This is useful for people who:
Like a clean chart → Turn off
Like in-depth analysis and historical levels → Turn on

🔹 2. Colors of Levels A – B – C – D

The system divides the zones into 4 types:
A – Primary color
Strongest zone
Most important level
Most reliable
B – Supportive color
Secondary zone
Less powerful than A
Often within the same period
C – Warning color
Dangerous level or reversal point
Often red because it's a sensitive zone
D – Support/Buy color
Positive level
Often green
System objective:
Each zone type is distinguished by a different color so the reader can immediately identify the zone's strength from the color.

🔹 3. Use Unified Fill (One color for all zones)
This is a new and important option:
✔ If you enable it → all zones (A–B–C–D) will change to the same color
This means the indicator uses only one color for all zones.
Its benefits:
The chart becomes cleaner
The appearance is unified
For users who don't like too many colors
✔ If you turn it off → each level retains its own color
A color
B color
C color
D color

⭐ What is the purpose of this entire system?
The goal is for the indicator to provide:
✔ Clear and organized levels
✔ Complete control over appearance and display
✔ Professional colors that highlight the strength of each area
✔ The ability to merge all levels with a single color if you prefer a simpler look
✔ An option to show/hide previous levels




04 - Trade Settings (Entries / TP / SL)

✅ Trade Settings Explained — A Simple and Clear Guide
This section controls everything related to entry signals, profit targets, stop-loss levels, and filters within the indicator.
The main idea:
🎯 You define what you want to appear on the chart and what you want to hide… and the indicator operates according to your choices.

1️⃣ Show Buy and Sell Signals
Show Buy Signals
If enabled → Buy signals will appear on the chart (arrow, entry line, sticker).
Show Sell Signals
If enabled → Sell signals will appear.
🔸 If disabled → The indicator operates normally, but without entry signals.

2️⃣ Show Profit Targets (TP) and Stop Loss (SL)
Show TP on Chart
If enabled → The indicator draws the target line and displays the TP along with the level.
Show SL on Chart
If enabled → It draws the stop-loss line.
🔹 This means you can leave the signals without TP/SL if you just want to monitor entry without managing the trade.

3️⃣ Stop Appeared Visual Signal
Show "Stop Appeared" Visual
This is a smart option:
Even if you have disabled SL…
it still displays a small indicator that tells you:
"A stop loss appeared on this candle."
🔸 This is useful if you like to keep your chart clean but want to know exactly when the stop loss appears.

4️⃣ Strong Saturation Filter
Enable Saturation Filter
This is an additional filter to prevent weak signals.
If you enable it:
The indicator will only give a signal if the candle is strong, oversaturated, and has high momentum.
This reduces false signals and makes entry more accurate.
🔥 This option is especially important for those trading on lower timeframes.



05 - Alert Settings
✅ Alert Settings Explained

This section covers everything related to the alerts the indicator sends when an entry signal appears.
Its concept is very simple:
🎯 The indicator only alerts you when an entry signal appears… and you choose the type of alert you want to receive.

✔ Enable Simple Entry Alerts
This option is the main toggle.
If you enable it → the indicator sends an alert whenever a buy or sell signal appears.
If you disable it → the indicator operates normally, but without any alerts.
🔸 This option only controls the alert sending; it does not change the indicator's signals themselves.

2️⃣ Alert Type You Want to Receive
✔ Alert Type
Here you choose the type of signals you want the indicator to alert you to:
Buy only → Buy alerts only
Sell only → Sell alerts only
Both → Buy + Sell alerts (default option)
🔸 If you are scalping or focusing on a specific trend, you can limit the alert to only one type to reduce distractions.

In summary, simply and clearly:
The Alerts section allows you to control:
Turn alerts on/off
Choose the type of signals you want to receive: Buy, Sell, or both
This way, you can customize the indicator to alert you in the way that best suits your trading style.




Now that we've covered the basic settings and details of the indicator, I'll explain clearly and simply how stop-loss orders appear, the best timeframes, the best assets to trade, and the best trading times.

1. What is the best timeframe for trading?

According to the D system, the best fixed timeframe for trading is the 15-minute timeframe.

This timeframe provides clear, fast movement, suitable for the nature of the indicator's levels.

2. How does the stop-loss order appear?

The stop-loss order in this system is not fixed, but dynamic.

If a buy signal appears,

and then a candle closes completely below the level,

without the candle returning to touch the level from above,

then the stop-loss order appears immediately.

This is the exit mechanism for the trade in the indicator.

3. What is the best currency or asset to trade?

Based on the D system and the 15-minute timeframe, the best asset to trade is gold,
especially on ONAE, as it provides clear and consistent movement with the indicator.

4. Is it preferable to trade during news releases? I don't recommend trading during news releases, as the market often experiences slippage, which can lead to unexpected losses.

Therefore, pay close attention to high-impact news releases.

5. Can this indicator be used as support and resistance levels for other currencies, stocks, metals, and cryptocurrencies?

Yes, it can be used normally.

However, you must choose the appropriate settings:

Short-term trading → Use the daily setting (D)

Medium-term trading → Use the weekly setting (W)

Long-term trading → Use the monthly setting (M)

Disclaimer

All information mentioned here is based on personal experience and practical observations and does not constitute financial advice or a call to buy or sell. Trading in the financial markets involves high risk and may result in the loss of capital.

Please ensure you fully understand the risks before making any decisions, and use the indicator at your own risk.

Conclusion
This concludes the explanation.

If I have missed any part or have any questions, please write them in the comments, and I will add and clarify all the information completely and accurately.

22 de nov.

Notas de Lançamento

Here, we explain in detail how the stop-loss and take-profit levels appear, as well as the mechanism for generating the entry signal (buy or sell) within the indicator.

First: How the entry signal (buy or sell) appears
The indicator displays the entry signal when specific conditions are met.

For example:
If the trade is a sell, and the price is moving between levels, the sell signal appears when a full candle closes below the level without the candle body touching that level, but only touching the wick.

In this case, the indicator considers the entry condition to be met, and a sell order appears.

Second: The take-profit target
The target is fixed and is:
50 pips
Or the equivalent of $5 at the lowest lot size of 0.01.

As shown in the images


in buy



How Stop Loss (Stop Loss) is Set

Let's assume we have a sell position.

If the price reverses and the candles rise above the specified level, the stop loss is set according to the following condition:

If a full candle closes clearly above the level, this means the breakout has occurred.

In this case, the stop loss becomes the high of the candle that closed above the level.

This allows you to set your stop loss in line with the market movement, and this type of stop loss setting is 100% accurate.


in sell



Capital and Risk Management Feature

The indicator includes a crucial capital management feature that helps you reduce risk and curb greed while trading.

The indicator limits you to only four trades per level:

Two buy trades

Two sell trades

This ensures strict adherence to avoiding opening a large number of random trades, thus preserving your capital and protecting you from excessive risk.

This feature provides the trader with a clear and disciplined system, as illustrated in the images.




A brief note and clarification:

If you enable the overbought filter in your settings, you might notice that the number of trades displayed on the chart is very low.

This is normal, as the filter accurately excludes any trade that doesn't meet the overbought conditions.

However, when you disable the filter, the indicator will display all trades that met the overbought conditions perfectly, without any delay, so you can see all the available entry opportunities.

I wish you all the best. If I forget any information or important point, I will mention it to you later, God willing.

I wish everyone success.

23 de nov.

Notas de Lançamento

Welcome back.

I'll be giving you a new explanation on how to trade at levels without activating automatic buy or sell orders.

Step 1:

We switch the timeframe from D to M.

Step 2:
We change the timeframe from 15 minutes to 1 hour.

Then we start taking trades based on the levels, just like a support and resistance system.

When a clear and strong bounce occurs from a specific level, entering a trade is a logical and calculated move, with a minimum expected profit of 1% or more.

This trading method is similar to working with support and resistance levels, but in a structured and clear way using an indicator.

25 de nov.

Notas de Lançamento

Indicator Update Corrected — Display Bug Fixed

Friends—I'm happy to let you know that an update has been made to fix some minor bugs in the code.

Problem: When switching from timeframe D to W/M and then back to D, the buy/sell signal style would disappear from the chart.

Solution: This bug has now been fixed, and the buy and sell signal style will continue to display normally after switching between timeframes.

Note: I will keep you updated on any further developments to the indicator as soon as they become available.

25 de nov.

Notas de Lançamento

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