OPEN-SOURCE SCRIPT
Kai GoNoGo 2m
Kai GoNoGo 2m is a multi-factor trend confirmation system designed for fast intraday trading on the 2-minute chart.
It combines EMAs, MACD, RSI and ADX through a weighted scoring model to generate clear Go / NoGo conditions for both CALL (long) and PUT (short) setups.
The indicator paints the candles with pure colors to show the current strength of the trend:
Strong Go (Bright Blue): Full bullish alignment across EMAs, momentum and trend strength.
Weak Go (Light Blue): Bullish structure but with softer momentum.
Weak NoGo (Light Pink): Bearish structure starting to develop.
Strong NoGo (Bright Pink): Full bearish alignment across all components.
Neutral (Gray): No trend, compression or transition phase.
Components included:
EMA Trend Structure (9/21/50/100/200)
MACD Momentum (12-26-9)
RSI Confirmation (14)
ADX Trend Strength Filter via DMI (14,14)
Scoring system inspired by the original GoNoGo concept, improved for speed-based trading.
Designed for:
Scalping, 0DTE options, FAST trend continuation entries, and momentum confirmation on QQQ, SPY, NQ, ES and high-beta names.
This version uses pure colors (no gradients) for maximum clarity when trading fast charts.
It combines EMAs, MACD, RSI and ADX through a weighted scoring model to generate clear Go / NoGo conditions for both CALL (long) and PUT (short) setups.
The indicator paints the candles with pure colors to show the current strength of the trend:
Strong Go (Bright Blue): Full bullish alignment across EMAs, momentum and trend strength.
Weak Go (Light Blue): Bullish structure but with softer momentum.
Weak NoGo (Light Pink): Bearish structure starting to develop.
Strong NoGo (Bright Pink): Full bearish alignment across all components.
Neutral (Gray): No trend, compression or transition phase.
Components included:
EMA Trend Structure (9/21/50/100/200)
MACD Momentum (12-26-9)
RSI Confirmation (14)
ADX Trend Strength Filter via DMI (14,14)
Scoring system inspired by the original GoNoGo concept, improved for speed-based trading.
Designed for:
Scalping, 0DTE options, FAST trend continuation entries, and momentum confirmation on QQQ, SPY, NQ, ES and high-beta names.
This version uses pure colors (no gradients) for maximum clarity when trading fast charts.
Script de código abierto
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.
Exención de responsabilidad
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.
Script de código abierto
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.
Exención de responsabilidad
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.