Sniper Entry Indicator, Crypto, Forex, Indices,

Sep 23

Indicator Description:
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:

1. 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)
   
2. Spot Symbol (I have provided some of the spot symbols for the selection which will help him to configure it's F&O )
   
3. Backtest Day (User can backtest the data by changing the day to previous lookback, it is a very good feature to test the results.)
   
4. 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.

Sep 23

Release Notes

Added option to filter the sideways market entries.

Oct 3

Release Notes

Version 2.0

1. Updated Entry mechanism for accurate entry, and exclude entries in sideways market.
   
2. Added Manual SL provision for All symbol's, if you want default sl leave SL text box = 0
   
3. Added channel to filter sideways market
   

Oct 14

Release Notes

Added individual SL for Major Symbol's

Oct 14

Release Notes

Added Day Range for BTC,BNF,Nifty and some of the Symbol's

Oct 17

Release Notes

Version 2.0

symbol

1. Added option to show/hide the day range
   
2. Removed the Symbol selection, now it will consider the current
   
3. Option to toggle between Spot/Option
   

Option to add separate expiry day and strike price for following Symbol

1. Banknifty
   
2. Nifty
   
3. Finnifty
   
4. Midcap
   
5. Sensex
   

New entry mechanism for proper entry.

Join My telegram channel for more updates https://web.telegram.org/a/#-1002231951466

Nov 2

Release Notes

Update 2nd Of October 2024

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.

1. 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.
   
2. Yellow line means wait for retest.
   
3. 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.

Nov 2

Release Notes

made small changes in the pervious version, so the premium feature TV will not be in use.

Nov 3

Release Notes

Updated color selection

2 days ago

Release Notes

Version 4.0

Update below feature in this version

1. Added Alert on Buy/Sell Signal
   
2. Added Provision to Backtest on Higher Time Frame, if greater then 30 Mins it will allow user to check signal's from previous data.
   
3. Added options for "Table Placement" and option to change Opacity of Background.
   

2 days ago

Release Notes

Version 4.1
Combined BUY/SELL alert into one