Sniper Entry Indicator, Crypto, Forex, Indices,
Momentum & Sideways Market Detector is a powerful TradingView indicator that combines the strengths of RSI (Relative Strength Index) and Moving Averages to identify market momentum and detect sideways movements. This versatile tool is designed to work effectively across various asset classes, including Cryptocurrencies, Forex pairs, Gold, and major stock indices like Nifty, BankNifty, Finifty, and Midcap.
Key Features:
Momentum Detection: The indicator uses RSI to gauge market momentum, highlighting overbought and oversold conditions to signal potential reversals by Displaying strength on the chart, above 90 it will be overbought and check for reversal trade, below 10 it will be oversold and check for the long opportunity.
Sideways Market Identification: It utilizes a combination of Moving Averages to detect low-volatility periods and sideways market conditions, helping traders avoid choppy markets. Area or label highlighted by blue means it is sideways, you can ignore entries in this zone.
Multi-Asset Compatibility: The indicator is optimized to perform well on diverse asset classes, including Crypto, Forex, Commodities, and Equity Indices, making it a versatile tool for traders of all types. It is compatible with Indian indices as well giving trader opportunity to see live trade with strike price entry and sl. It also trails the SL when reached the first target.
Customizable Parameters: Users can adjust RSI and Moving Average settings to suit their trading style and timeframe preferences.
Settings:
- Stock/Option (Whether you want to trade Sport or it's option, if unchecked it will look for expiry of the stock option, month, and year, user also needs to provide the call and put option)
- Spot Symbol (I have provided some of the spot symbols for the selection which will help him to configure it's F&O )
- Backtest Day (User can backtest the data by changing the day to previous lookback, it is a very good feature to test the results.)
- Remove lines from the table (If table is too long, i have provided the option to remove some of the lines from the table, provide number to remove the lines)
This indicator is a must-have for traders looking to enhance their strategy by accurately identifying market conditions and adapting their trades accordingly.
- Updated Entry mechanism for accurate entry, and exclude entries in sideways market.
- Added Manual SL provision for All symbol's, if you want default sl leave SL text box = 0
- Added channel to filter sideways market
symbol
- Added option to show/hide the day range
- Removed the Symbol selection, now it will consider the current
- Option to toggle between Spot/Option
Option to add separate expiry day and strike price for following Symbol
- Banknifty
- Nifty
- Finnifty
- Midcap
- Sensex
New entry mechanism for proper entry.
Join My telegram channel for more updates https://web.telegram.org/a/#-1002231951466
Very excited to release this version as it's included Enter, Retest scenario. It will surely help to reduce the SL and improve the accuracy.
Below are the rules to follow.
- When Buy/Sell signal generated wait for few seconds, so it will generate a line indication whether you can take entry or wait for retest.
- Yellow line means wait for retest.
- Green line means you can take entry.
2nd Feature Added option to remove filter of sideways entries. There are some rules added which is filtering the signal in sideways market. But it delays the entry in trendy market. So added option to remove that filter in trendy market so early Buy/Sell signal will be generate and we can capture more points.
Update below feature in this version
- Added Alert on Buy/Sell Signal
- Added Provision to Backtest on Higher Time Frame, if greater then 30 Mins it will allow user to check signal's from previous data.
- Added options for "Table Placement" and option to change Opacity of Background.
Combined BUY/SELL alert into one
Skrip jemputan sahaja
Hanya pengguna yang diberikan kebenaran oleh penulis mempunyai akses kepada skrip ini dan ini selalunya memerlukan pembayaran. Anda boleh menambahkan skrip kepada kegemaran anda tetapi anda hanya boleh menggunakannya selepas meminta kebenaran dan mendapatkannya daripada penulis — ketarhui lebih lanjut di sini. Untuk lebih butiran, ikuti arahan penulis di bawah atau hubungi ChartTechnical secara terus.
TradingView tidak menyarankan pembayaran untuk atau menggunakan skrip kecuali anda benar-benar mempercayai penulisnya dan memahami bagaimana ia berfungsi. Anda juga boleh mendapatkan alternatif sumber terbuka lain yang percuma dalam skrip komuniti kami.
Arahan penulis
Amaran: sila baca panduan kami untuk skrip jemputan sahaja sebelum memohon akses.
Penafian
Skrip jemputan sahaja
Hanya pengguna yang diberikan kebenaran oleh penulis mempunyai akses kepada skrip ini dan ini selalunya memerlukan pembayaran. Anda boleh menambahkan skrip kepada kegemaran anda tetapi anda hanya boleh menggunakannya selepas meminta kebenaran dan mendapatkannya daripada penulis — ketarhui lebih lanjut di sini. Untuk lebih butiran, ikuti arahan penulis di bawah atau hubungi ChartTechnical secara terus.
TradingView tidak menyarankan pembayaran untuk atau menggunakan skrip kecuali anda benar-benar mempercayai penulisnya dan memahami bagaimana ia berfungsi. Anda juga boleh mendapatkan alternatif sumber terbuka lain yang percuma dalam skrip komuniti kami.
Arahan penulis
Amaran: sila baca panduan kami untuk skrip jemputan sahaja sebelum memohon akses.