Sniper Pro

The Sniper Pro indicator is a multi-timeframe opportunity scanner and trade-box planning tool that identifies high-probability trade setups through an integrated matrix and automated profit-box visualization. It streamlines technical analysis by separating opportunity scanning (Matrix) from execution planning (Trade Box), ensuring traders only engage when specific multi-layered confirmations are met.

Usage

The Usage section focuses on the two primary components: the Multi-Timeframe Matrix and the Chart Trade Boxes.

• Matrix Opportunity Scanner: This component provides a bird's-eye view of various timeframes. The "Opportunity" column categorizes market states into ENTER LONG/SHORT (fresh trigger), READY (aligned direction), WATCH (conflict/caution), BIAS (long-term direction), or WAIT.
• Trade Confirmation: A trade is only considered valid when the "Trade Box" column or the chart display shows TRADE TRIGGERED. This prevents "chasing" entries after targets like TP2 or TP3 have already been reached.
• Technical Context Columns:
  • Source: Explains the trigger reason (e.g., BOS, MACD volume, or Confluence).
  • Trust: Provides risk warnings, such as RSI opposition, EMA misalignment, or proximity to Support/Resistance.
  • RSI Rev: Monitors reversal pressure (RSI+ for bullish, RSI- for bearish).
  • EMA Stack: Displays the live order of EMAs (9, 21, 30, 55, 100, 200) to confirm trend strength.
• Trade Box Execution: When a signal is confirmed, the indicator draws a box on the chart containing the Entry price, Stop Loss (SL), and three Take Profit levels (TP1, TP2, TP3). The matrix tracks these trades in real-time, updating the status to TP HIT or SL HIT.

Details

The script utilizes a sophisticated confluence engine to filter signals. A "Confluence Circle" appears when three or more directional ingredients align, including Break of Structure (BOS), MACD volume signals, RSI crosses, and ADX/DI pressure.

The Win Rate feature calculates performance based on historical data. A "Win" is defined as price hitting TP3 before the SL. The calculation is conservative; if both SL and TP are hit on the same candle, the script records it as a loss.

Higher Timeframe (HTF) analysis is integrated through automated BOS detection. The script can automatically project structure levels from higher timeframes onto the current chart, allowing traders to see major supply and demand zones without switching timeframes.

Settings

• Profit Boxes (Entry, SL/TP): Includes methods for calculating Stop Loss and Take Profit (ATR, Swing, Doji, or Percent) and settings for "Momentum TP Expansion," which stretches targets during high-volume moves.
• Source Filters: Toggle switches to enable or disable boxes originating from BOS, AK MACD + Volume, or Confluence Circles.
• Visual Style: Customization for SL/TP colors and box transparency.
• Multi-Timeframe Matrix: Options to show/hide specific rows (1m through 1W), adjust the "Readiness" threshold (minimum confirmations required), and set win-rate caution levels.
• Higher Timeframe BOS: Controls for the sensitivity of swing detection, line styles, and the number of HTF layers to display.
• EMA Zones: Settings to toggle and color-code different EMA groups (Fast: 9/21, Medium: 30/55, Slow: 100/200).

FAQ

How do I interpret the "Trust" column in the matrix? The Trust column serves as a filter; it warns you of "Caution" if the trade is moving against the fast EMA, if there is a weak historical win rate for that timeframe, or if the price is too close to a known support/resistance level.

What causes a Trade Box to trigger? A box triggers only when an enabled source (like a BOS or MACD signal) fires while simultaneously passing your active filters, such as being on the correct side of the EMA 200.

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