Welcome to Market Sniper.
Market sniper is meant to be a suite for trading/scalping alongside my indicators script, RSI, Stochastic and Horizontals.
It is based on over 15 Indicators/Oscillators so there is no need for convoluted charts and constantly changing charts/indicators for a better understanding of the market.
Warnings:
What it includes:
Trend reversal / Continuation
Trend Continuation/Strengthening
A warning here, trend strengthening also means that many times the indicators are overextended or close to it
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The numbers reflect the amount of indicators that are signaling a reversal over the specified period on the settings.
For higher timeframes this setting should be on a lower value and the opposite for lower timeframes.
This works on every market and every timeframe(according to months of my own paper and real trading). Remember that each market/asset/commodity has different soft spots so tweaking, backtesting and present accuracy review should be of maximum priority.
Bull Market expansion phase
Warning:
It is based of EMAs, RSI and Stochastic
Candlestick Patterns
Bullish candlestick patterns:
Bearish candlestick pattern:
RSI divergence drive
- Credit to Libertus for the base code of this section
The green triangle means there are at least 2 drives of valid divergence, yellow for 3 and red for 4+.
The script shows triangles when confirmation candle closes.
You need to know how divergence works to use this section. investopedia can easily get you there.
For cryptos I use 2-4h+ timeframes, for traditional markets I use 15min+ for forex I use it basically in every timeframe.
For questions/suggestions and access PM me in the platform itself and don't forget -> FEEDBACK IS IMPORTANT
Thank you all
Market sniper is meant to be a suite for trading/scalping alongside my indicators script, RSI, Stochastic and Horizontals.
It is based on over 15 Indicators/Oscillators so there is no need for convoluted charts and constantly changing charts/indicators for a better understanding of the market.
Warnings:
- I can't stress this enough! This isn't a magic pill that will transform your illiterate grandmother into an expert trader! This is a very powerful tool whose function is to complement your trading/save time (and yes, with practice be your main trading tool).
- This algorithm requires setting up and training to be used correctly, please do not expect to load it up and immediately be scalping the 1s charts.
- This algorithm is heavy and might require constant refreshes of the browser on slower computers.
- Labels overlap at the moment, working on this part at the moment. So, always zoom in before doing a trade / change the "+- signals in settings"
- Candlestick patterns need tweaking, I personally have it off and use my own judgement atm.
What it includes:
- Trend reversal / continuation (Macd, Stochastics, money flow , CCI , momentum, DIOSC (automatic trendlines ), SuperTrend, Moving averages, etc, etc.)
- RSI divergence drive / drive counter (base code from Libertus, check his profile as he has very helpful scripts)
- Bull Market expansions for longterm take profit and increasing position
- Candlestick patterns
Trend reversal / Continuation
- Green = Bullish reversal
- Red = Bearish trend reversal
- Orange = Trend continuation / strengthening
Trend Continuation/Strengthening
A warning here, trend strengthening also means that many times the indicators are overextended or close to it
------
The numbers reflect the amount of indicators that are signaling a reversal over the specified period on the settings.
For higher timeframes this setting should be on a lower value and the opposite for lower timeframes.
This works on every market and every timeframe(according to months of my own paper and real trading). Remember that each market/asset/commodity has different soft spots so tweaking, backtesting and present accuracy review should be of maximum priority.
Bull Market expansion phase
Warning:
- The indicator purposely does not show any signals during bear markets. It is my opinion bear markets complexity render this tool close to useless.
- It was designed to be used in higher timeframes, tough it SEEMS to have a good track record / be useful in lower timeframes.
- it will ALWAYS give a fake signal at the end of a bull market because of the very nature of the code.
It is based of EMAs, RSI and Stochastic
Candlestick Patterns
Bullish candlestick patterns:
- Hammer
- Inverted Hammer
- Dragonfly
- Gravestone
Bearish candlestick pattern:
- Shooting Star
- Hanging Man
- Gravestone
- Dragonfly
RSI divergence drive
- Credit to Libertus for the base code of this section
The green triangle means there are at least 2 drives of valid divergence, yellow for 3 and red for 4+.
The script shows triangles when confirmation candle closes.
You need to know how divergence works to use this section. investopedia can easily get you there.
For cryptos I use 2-4h+ timeframes, for traditional markets I use 15min+ for forex I use it basically in every timeframe.
For questions/suggestions and access PM me in the platform itself and don't forget -> FEEDBACK IS IMPORTANT
Thank you all