OPEN-SOURCE SCRIPT
Sniper SS
This indicator help trader buying on reversal point after pullback. Also help in identify buying and sellling pressure.
To use this indicator:-
Arrow for crossing line to find exactly entry and exit point.
1. Blue line cross over Red line will result green arrow is good for the entry
2. Blue line cross down Red line will result red arrow is good to exit position
Fill area color legend
1. Green - Strong buying pressure - Can entry at this point
2. Fade Green - Buying pressure get weaker - ready for exit
3. Red - Strong selling pressure - can exit at this point
4. Fade Red - Selling pressure get weaker - ready for entry
To use this indicator:-
Arrow for crossing line to find exactly entry and exit point.
1. Blue line cross over Red line will result green arrow is good for the entry
2. Blue line cross down Red line will result red arrow is good to exit position
Fill area color legend
1. Green - Strong buying pressure - Can entry at this point
2. Fade Green - Buying pressure get weaker - ready for exit
3. Red - Strong selling pressure - can exit at this point
4. Fade Red - Selling pressure get weaker - ready for entry
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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.