Sniper - Tiered Entry + TP/SL Levels

The Sniper - Tiered Entry + TP/SL Levels indicator is a comprehensive precision entry system built around a multi-factor confluence scoring engine. It evaluates trend strength, oscillator positioning, volume, and session quality to grade signals into three distinct tiers (A, AA, AAA), providing traders with high-confidence entry points and automated risk management.

Usage

The indicator functions as a complete trading system by analyzing multiple market layers. Once a signal is generated, it is graded based on the total confluence score.

Signal Tiers:

• AAA ▲/▼ (Score ≥ 65): Maximum confluence. All major factors (Trend, RSI, Stochastic, Volume, HTF) are aligned.
• AA ▲/▼ (Score 45–64): Strong setup with multiple confirming factors.
• A ▲/▼ (Score 30–44): Valid filtered setup with moderate confluence.

Trade Execution: Signals appear with an automated Stop Loss and three Take Profit levels (TP1, TP2, TP3) based on ATR multiples. Users can enter at the close of the signal bar or use the Sniper Kill Zones—shaded boxes representing the ideal entry window—for limit orders.

Details

The script utilizes a Four-EMA Trend Engine (8, 21, 55, 200) to score market structure from -4 to +4. This score determines the "Trend State," which ranges from Neutral to Strong Bull/Bear.

Confluence Scoring Engine: The final grade is derived from:

• Trend Strength: Up to 30 points based on EMA alignment and slope.
• RSI & Stochastic: Up to 35 points for momentum recovery and oversold/overbought crossovers.
• Volume & Candle Body: Up to 20 points for liquidity spikes and price action conviction.
• Session Quality: Higher scores for London/New York overlap; penalties for the Asian session.

Settings

Trend Engine

• Trend EMAs: Configure periods for Fast, Medium, Slow, and Anchor EMAs.
• Show Trend EMAs/Ribbon: Toggles visibility of the trend-following visual aids.

Precision Filters

• Require Volume Confirmation: Filters signals based on a minimum volume ratio vs. the 20-SMA.
• Require Candle Strength: Filters out indecision candles with small bodies relative to their range.
• Signal Cooldown: Sets the minimum number of bars between consecutive signals to prevent overtrading.

TP / SL & Trailing

• ATR Multiples: Adjust the distance for Stop Loss and the three Take Profit levels.
• Trailing Stop: Enables a dynamic ATR-based trailing line that protects profits as price moves in the trade direction.

FAQ

How do I interpret the dashboard?

The live dashboard provides a real-time summary of the Trend Score, RSI/Stochastic positioning, Volume quality, and active trade status (TP progress).

Can I use this for assets other than Gold?

Yes. While optimized for XAUUSD on 1m/5m timeframes, you can adjust the EMA lengths and ATR multiples to suit Forex majors (shorter EMAs) or Indices (higher RSI periods).

How do I get access?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.